Citizens Bank of Oklahoma has selected Wolters Kluwer Financial Services's ComplianceOne solution to manage its regulatory and operational risks.
Wolters Kluwer claimed that its solution will enable Citizens Bank to document lending transactions quickly, accurately and in compliance with all federal and state regulations.
ComplianceOne is built upon Wolters Kluwer Financial Services’ Bankers Systems solutions and offers institutions seamless access to many of the company’s PCi compliance analytics solutions.
Jane Adler, vice president for Citizens Bank, said: “ComplianceOne provides us with the ability to make all of the necessary changes to lending documents within the system. That’s much easier and faster than leaving it, making the changes to the documents manually outside, and then pushing them into the system.
“It flows very well. It moves us through the documentation we need to complete based upon the specific transaction and jurisdiction and it helps us make sure we enter the correct and necessary information every step of the way.”