Enterprise Risk & Compliance Technology BLOG: An Integrated Approach to Banking/Credit Union Regulatory Compliance Management

An Integrated Approach to Banking/Credit Union Regulatory Compliance Management

Risk management software, audit management software, regulatory management software, policy and procedure software, learning management software and case management system software – these are the tools that find their way into Financial Compliance and Auditors’ world. These are all individual software which is normally used by one then calculated to help the whole institution’s Banking/Credit Union levels.

You can find this to be more time consuming. You spend more time organizing data from all these different resources. So, why not have one cloud-based software that does all of those functions in one shared space? Is it the way we think that leads us to think of one project at a time? I am not sure if I have the answer on what it is, although I can tell you that as management goes in all levels of companies, you find time management to be a valuable asset.

Time is money bottom line, and when perfected you or your team can work as one unit on a cloud-based software utilizing management functions for all utilities, risk factors mapped, and organized as one.

In the ever-changing financial world nowadays, you find yourself juggling current regulations i.e. GLBA to implementing all of Dodd Frank (CFPB) changes. The management of these can be a nightmare, so look at PREDICT360 to see if our all-encompassing cloud-based software is a fit for your institution.