S1 incorporates Bankers Systems compliance documentation modules

Source: Bankers Systems

Bankers Systems, a Wolters Kluwer business, today announced an expanded alliance agreement with S1 Corporation, a leading global provider of integrated front-office applications for financial institutions.

Under the terms of the agreement, S1 Corporation will offer Bankers Systems' deposit, individual retirement account (IRA), and consumer and commercial lending electronic document modules to banks and credit unions using S1's branch and lending solutions. The electronic document modules can be integrated with S1 Sales and Service Platform, S1 Enterprise Sales and Service Platform, and S1 Consumer Lending, S1 Business Lending and S1 Lending Documents. S1 will have the opportunity to integrate additional electronic document modules with its suite of S1 Enterprise Solutions depending on specific customer needs. By offering Bankers Systems' electronic documents with its solutions, S1 is helping its customers meet ever-changing compliance requirements.

"This alliance offers our customers an integrated, compatible solution across all lines of business," said Drew Lamparello, director of product management, branch solutions for S1. "We've extended our relationship with Bankers Systems because of the company's long-standing reputation as a compliance leader and because financial institutions using Bankers Systems' wide range of electronic documents can realize time and cost savings resulting from digital processing. These institutions can also look forward to regular compliance updates automatically made by Bankers Systems to the documents."

Bankers Systems' documents are based on its extensive compliance knowledge base, Expere, and industry best practices. The company's documents are updated by Bankers Systems' compliance staff, who constantly monitor changes in new state and federal legislation regulations, and case law for 50 states, Washington, D.C., and the U.S. government.

In addition, since Bankers Systems' electronic documents seamlessly integrate with S1's applications, institutions benefit from reducing the number of different point solutions that need to be integrated with their systems.

"Integrating Bankers Systems' electronic compliance documentation with S1's solutions is an example of how two industry leaders can work together to help financial institutions increase the efficiency, productivity and consistency of sharing data across their organizations," said John Bryant, senior vice president of banking for Bankers Systems and Wolters Kluwer Financial Services.

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