BankORION has selected Wolters Kluwer Financial Services' ComplianceOne system to help document lending and deposit transactions in compliance with federal and state regulations.
The bank switched to the system from Wolters Kluwer Financial Services’ ARTA Lending and ARTA Deposit documentation systems.
BankORION noted that moving to ComplianceOne will help it effectively manage its growing and changing commercial and agricultural lending businesses needs.
ComplianceOne is a single, integrated documentation system that enables efficient managing of compliance with loan and deposit account transactions.
The application connects the major areas of a financial institution’s business to its core processor through a single user interface.
ComplianceOne also offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.
BankORION is also connecting to several other Wolters Kluwer’s tools within ComplianceOne to help manage regulatory obligations as well as operational risk.
These include accessing Wolters Kluwer Financial Services’ Credit Bureau Access Module to pull borrowers’ credit reports; its FloodWiz application to help create compliant flood determinations; and its Wiz Sentinel system to help maintain compliance with the Home Ownership and Equity Protection Act (HOEPA).