- Home
- Companies
- ConvergePoint
- Applications
- Compliance software for financial ...
Compliance software for financial Industry - Banking & Finance / Insurance / Legal - Environmental Finance
Every organization in the financial service industry — whether a commercial bank, credit union, investment bank, brokerage firm, mortgage broker, insurance company or management investment firm — has different guidelines and standards by which they must adhere, and as a result, has unique needs. At ConvergePoint, we listen to our financial customers’ strengths and challenges to determine best practices in compliance management. With your needs in mind, we built our compliance management software, hosted on Microsoft SharePoint, to streamline your policy and contract lifecycles.
Highly regulated both internally and externally, financial institutions must adhere to the SEC, FDIC, FINRA, OCC, CFTC, and the Federal Reserve — and it can be complicated to meet all of these governing bodies’ requirements. We understand the financial sector is under additional external scrutiny in their transparency efforts, and requires a robust policy and contract process for additional checks and balances. With our software, you establish a streamlined, consistent approach to your compliance processes to promote transparency and reduce risk.
Our Financial Services and Bank Clients Benefit From
- Reduction in non-compliance issues
- Increased employee awareness about compliance initiative
- Custom workflows for policy and contract creation, distribution, renewal and retirement
- Increased knowledge capture and information transfer through configurable forms and forced data capture
- Advanced search functionality
- Actionable compliance – dashboards, ad hoc reports, notifications, acknolwedgements, revisions and escalation events
- Proactive email reminders and notifications when policies and contracts are due for revisions, renewal, expiration or retirement