|
Account Opening Compliance Management Solution |
|
Solution Description: - These solutions facilitate the collection, review and management of processes related to creating and servicing loans, reviewing insurance claims, and opening up other types of financial services accounts Offers a forms management system integrated with BPM Designed to work in conjunction with existing banking and insurance systems
Value Proposition
- Streamlines work
- Drives efficient end-to-end process; seamless integration with internal transactional systems as well as external reporting systems such as flood, title insurance, credit scoring
- Ensure compliance – consistent processes, records management, integration with external reporting systems
- Bring new customers onboard more quickly—improve customer service and provide new cross-sell/up-sell opportunities
- Avoid re-keying of same customer information at multiple points in the process -- reduce the number of incomplete and inaccurate forms
- Reduce paper storage costs; eliminate manual processes
- Streamline key processes across the applications lifecycle including origination, underwriting, approval, and servicing.
- Provide seamless integration between data from transactional systems and a full view of all supporting documentation such as e-mails, images, records, correspondence, etc.
Compliance - BPM and business rules integration as well as integration with external data feeds ensures compliance with latest guidelines, standards and regulations in the lending arena. Ensure maintenance of records - Records management and retention ensure maintenance of important records and contracts for the life of the loan application and the term of the funded loan. Customer responsiveness – Quickly retrieve accurate, up-to-date customer information and respond quickly to customer inquiries. Paper elimination – Eliminate paper storage.
|