Minneapolis, MN (January 26, 2012) – Wolters Kluwer Financial Services announced that BankORION of Orion, Illinois, a member of the Community Bankers Association of Illinois (CBAI), is using the company’s ComplianceOne® solution to help document lending and deposit transactions quickly, accurately and in compliance with federal and state regulations. The bank, now one of nearly 1,300 financial institutions to be using ComplianceOne, converted to the solution from Wolters Kluwer Financial Services’ ARTA Lending and ARTA Deposit documentation systems.

Tim Fritz, senior lender at BankORION, said the bank made the switch to ComplianceOne because it realized the comprehensive solution could help it more effectively manage its growing and changing consumer, commercial and agricultural lending businesses.

BankORION is also seamlessly connecting to several other Wolters Kluwer Financial Services’ solutions 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 solution to help create compliant flood determinations; and its Wiz Sentinel system to help maintain compliance with the Home Ownership and Equity Protection Act (HOEPA).

“We really value our partnership with Wolters Kluwer Financial Services and as such, have trusted them enough to follow along with the evolution of their products,” said Fritz, who noted that BankORION has been a longtime Wolters Kluwer Financial Services customer, first using its Bankers Systems print documents, then its Loan Prospector Plus System before ARTA Lending and Deposit and now ComplianceOne.  

ComplianceOne is a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and more efficient. The solution connects the major areas of a financial institution’s business to its core processor through one, easy-to-manage user interface. ComplianceOne is built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Bankers Systems brand. And the solution offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.

For more information on ComplianceOne, please visit www.WoltersKluwerFS.com/One

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

Jennifer Marso
Senior Director of Corporate Communications
Wolters Kluwer Financial Services
(+1) 612-852-7912
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso

Charles Miller
Corporate Communications Manager
Wolters Kluwer Financial Services
(+1) 320-240-5457
Charles.miller@wolterskluwer.com
On Twitter: @CharlesWMiller