The Bank of Billings has selected Wolters Kluwer Financial Services’ ComplianceOne solution to meet federal and state regulatory obligations.
The Bank of Billings president Matt Spillman said the switch from the previous solution will allow the bank in performing quick and accurate document lending and deposit transactions.
"Before, it was difficult to just get a phone call returned. But with Wolters Kluwer Financial Services, we have fast access to a knowledgeable support team that helps us quickly resolve any issues or questions we might have," Spillman added.
Wolters Kluwer Financial Services said that its single integrated documentation solution will also allow the bank to better provide training to new loan officers in carrying out complex lending transactions such as commercial, real estate and installment loans.
According to Wolters Kluwer Financial Services, the solution is also being used by more than 1,200 financial institutions.