Financial institution
solution

Put simply, we take on the burden of requesting, receiving, documenting, digitizing, updating, and reporting complete due diligence and compliance documentation for all of your outsourced relationships. We are more than a software solution or repository! We partner with you to become an extension of your team.

 

Our Climate - -

Technology has boosted our opportunities in the financial sector to include products and services that streamline financial transactions like never before. Incorporating third party relationships has become business as usual and we have become dependant on our outsourced relationships for most of our day to day business.

Our Challenge - -

In order to do business with many of these companies we often have to give significant customer or member data and/or transaction information. The challenge for banks and credit unions across the nation is to acquire, maintain, review and report on the controls, policy, procedure, testing and financial stability of their outsourced relationships. The FDIC, NCUA, OTS, OCC, FFIEC and other regulating entities have increased their pressure and consequences for neglecting this information.

Our Solution - -

● Assists in the risk classification of your outsourced relationships.

● Removes the guesswork to identify specific information you should get from each of your outsourced relationships.

● Takes on the burden of this important task to provide tangible relief to your staff and bottom line.

● Provides practical reports and document guide to assist your relief.

● Maintains all information year round with update notifications to ensure you have the most up-to-date information each relationship has to offer.

● Is available securely, 24-hours a day, 7 days a week.

 

We would love to share a demonstration presentation  of our solution with you today!

For more information, Click Here!