Bank of Commerce in Oklahoma has selected Wolters Kluwer Financial Services' ComplianceOne solution to document lending transactions in compliance with federal and state regulations.
According to the Wolters Kluwer Financial, ComplianceOne is a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and more efficient.
The solution connects the major areas of a financial institution’s business to its core processor through single user interface. It offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.
The enhancements to ComplianceOne include additional document preparation and data flow capabilities.
Bank of Commerce vice president Aaron Dry said that the initial and ongoing training, service and support the bank received from Wolters Kluwer Financial Services has made all the difference. It allowed for a fast, easy transition to ComplianceOne so the bank could begin meeting regulatory requirements more efficiently almost immediately.