Alabama Bankers Association endorses Wolters Kluwer's ComplianceOne

Built upon the decades of experience and knowledge behind Wolters Kluwer Financial Services' Bankers Systems and PCi product lines, ComplianceOne gives financial institutions all the tools needed to create a complete consumer, commercial and mortgage loan as well as an IRA or new deposit account from a compliance, work flow and data perspective on a single delivery platform. ComplianceOne allows financial institutions to open new accounts and complete transactions quickly through the solution's common database structure.

"One of the biggest concerns for our member banks is how to manage compliance and operational risk across multiple business lines with a number of disparate processes and systems," said Dan Bailey, chief executive officer of the Alabama Bankers Association. "By offering ComplianceOne, we're helping them address those concerns with a single, integrated approach to compliance."

"ComplianceOne gives banks a lot of compliance capability in a simple, easy-to-use format," said Ken Newton, executive vice president of Banking for Wolters Kluwer Financial Services. "Wolters Kluwer Financial Services is excited about the opportunity to provide Alabama Bankers Association members with access to our industry leading compliance content through ComplianceOne's technology platform, which was created using the best capabilities from our existing ARTA, Rembrandt and GulfPak solutions."

The Alabama Bankers Association endorses several other Wolters Kluwer Financial Services' solutions in addition to ComplianceOne, including:

• Automated and pre-printed solutions for lending and deposit;
• Individual Retirement Account consulting services and pre-printed solutions;
• Wiz Sentri(TM): RiskID, a risk-based identity verification system that helps banks comply with the Customer Identification Program requirements of the USA PATRIOT Act; and
• The Wiz Sentri suite of AML solutions, which address Bank Secrecy Act requirements.