Bank Compliance
Management Software
Keep pace with regulatory change and centralize compliance management with Quantivate Compliance Management Software for Banks.
Bank Compliance Management Software
Today's bank compliance managers need robust and effective compliance management software solutions to stay on top of changing laws, regulations, standards, and internal policies. Quantivate Compliance Management Software for Banks provides a powerful solution for managing a wide variety of regulatory and compliance processes and ensuring accountability throughout banks of all sizes. The software delivers key features to monitor pertinent regulations and other requirements, organize compliance documentation, run risk assessments, and demonstrate proof of compliance through robust reporting.
Quantivate’s regulatory compliance software can help you:
- Perform a risk assessment on regulatory changes to identify gaps in compliance and determine the priority of implementation.
- Automate tasks and notifications through intuitive workflows.
- Map and apply all regulatory requirements to applicable policies, controls, and processes.
- Demonstrate proof of compliance with comprehensive reporting capabilities.
- Review how compliance changes impact your institution.
- Create and manage any training and/or testing that a compliance change may require.
Quantivate Compliance Management System for Banks helps you:
INCREASE VISIBILITY
Maintain oversight of compliance costs by mapping changes to impacted business units or processes, policies, controls, and more
AUTOMATE TASKS
Configure workflows that eliminate manual processes and minimize the burden of compliance management
CENTRALIZE COMPLIANCE
ACTIVITIES & DOCUMENTATION
Organize your compliance management processes with a searchable file library, automated task management capabilities, and built-in compliance monitoring and analytics
IMPROVE ACCOUNTABILITY
Leverage built-in reporting tools to demonstrate proof of compliance
STAY INFORMED
Track your bank's compliance status in real time, and subscribe to our optional notification service for regulatory change alerts
KEEP UP WITH
REGULATORY CHANGE
Track laws and regulations coming from multiple sources and address compliance issues in a timely manner
Executive Summaries
Executive summaries outlining existing laws and regulations that are already in effect are included as part of the built-in software content.
Executive summaries are continually reviewed and updated by law firm Farleigh Wada Witt, a Quantivate partner.
Content of Executive Summaries:
- Applicability
- Summary
- List of main requirements
- Policy and procedure requirements
- Testing and auditing requirements
- List of items to test compliance
Single Sign-On Capabilities
Single sign-on (SSO) allows you to utilize your bank's data (active directory) to automatically sign into the Quantivate platform without entering your username and password. Quantivate’s SSO solution supports user provisioning, which automatically creates an account on the first login.
Download the
Datasheet
Features Your Bank Needs to Succeed
Quantivate Compliance Management Software for Banks provides a centralized platform for tracking regulatory and legal changes and requirements, organizing compliance documentation, and managing compliance processes, with features including:
- Real-time compliance status tracking
- Compliance testing template
- Risk assessment
- Compliance gap reports
- Remediation tracking and action plan
- Document library
- Law & regulation library (links to online sources from NCUA, OCC, FDIC, FFIEC, Federal Reserve, and CFPB)
- Executive summaries
- Compliance and risk reporting
- Built-in content for common regulatory frameworks
- Compliance task management and automated workflows for task assignments, approvals, and reminders
- Automated audit tracking of all compliance changes
- Customizable dashboards for monitoring compliance requirements, activities, and status
- Advertisement reviews for financial institutions with attorney-generated questions for evaluating marketing ads impacted by regulatory changes
- Service option providing regulatory change alerts with action items from Farleigh Wada Witt
- Allows management visibility into compliance activities
- Mitigates risks to prevent loss through proactive monitoring
- Identifies gaps and manages remediation plans
- Saves time and reduces error by eliminating manual processes
- Centralizes management of compliance efforts
- Improves accountability
- Verifies regulatory compliance
Benefits
Compliance Alerts
Track compliance with confidence! Through our compliance partners, Quantivate provides Compliance Management customers with optional services to notify them of new requirements, alerts, and advisories. The notifications are integrated with our compliance management module and can cover federal, state, and/or local compliance changes. Our compliance partners, Farleigh Wada Witt and LexisNexis each provide a unique offering to ensure we can address the unique needs of all financial institutions.
Farleigh Wada Witt
Business law firm Farleigh Wada Witt (FWW) helps you understand new or amended regulations from the FTC, IRS, NCUA, OCC, FDIC, FFIEC, Federal Reserve, or CFPB and the steps you need to take to remain compliant. Their compliance alerts are written by experienced compliance attorneys who translate the complex regulatory language and provide an executive summary and action items. One of the challenges of new regulatory requirements is determining whether or not the rules apply to your institution and, specifically, which of your products or services would be impacted. Each FWW compliance alert includes the following content to help you determine if and how the new rules impact your bank's operations.
Content of Compliance Alerts:
- Regulatory Update Name
- Mandatory Compliance Date
- Scope & Applicability
- Agency / Agencies
- Executive Summary
Content of Compliance Alerts:
- Exemption Thresholds (if applicable)
- Impacted Areas
- Action Items
- Frequently Asked Questions (if applicable)
- Links to Change Documentation
- Additional Resources
LexisNexis
LexisNexis Legal & Professional® provides federal, state, and local compliance alert services for Quantivate's Compliance Management modules. Their services monitor regulatory changes from 13,000 agencies covering 52,000 measures and 600 document types. Customers interested in these services can pick from a variety of options to create a customized set of compliance alerts that best fits their needs. The alerts are then cataloged at various stages in the bill’s lifecycle within our integrated GRC Suite which aids teams in addressing those changes. Each LexisNexis compliance alert includes the following content to help you determine if and how the new rules impact your bank's operations.
Content of Compliance Alerts:
- Regulatory Update Name
- Update Description
- Location Impacted
- Mandatory Compliance Date
- Links to Change Documentation
GRC Software Suite
GRC Solutions
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Suite 270
Brentwood, TN 37027
Phone: 800.969.4107
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