Minneapolis, MN (January 4, 2012) – United Bank, which has 17 branch locations in Alabama and Florida, announced it is using Wolters Kluwer Financial Services’ ComplianceOne™ solution to document lending transactions quickly, accurately and in compliance with federal and state regulations. The bank, which is now one of nearly 1,300 financial institutions to be using ComplianceOne, converted to the solution from Wolters Kluwer Financial Services’ GulfPak documentation system. The company acquired the GulfPak system along with GulfPak Corporation in 2006.
According to Susan Currie, loan operations manager at United Bank, the financial institution was looking for a solution that would help it more effectively and consistently manage compliance documentation across multiple branches and jurisdictions. She points to ComplianceOne’s ability to assist loan officers at each United Bank location automatically generate the specific documents required by federal and state law to originate each loan.
“For a community bank with limited compliance resources, having a system in place to help us be more efficient and remain compliant is a huge advantage,” said Currie.
Currie, who has worked for United Bank for more than 30 years, said the switch to ComplianceOne was one of the smoothest technology conversion she’s witnessed.
“The key factors in our success were working with Wolters Kluwer Financial Services to help them understand exactly how we needed ComplianceOne to support our product lines, having an excellent onsite training program and the company’s ongoing customer support,” she said.
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.
About United Bank
United Bank is a $450,000,000 financial institution that has enjoyed 107 years of service. United Bank has offices in Atmore, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton and Pace. For more information about United Bank please visit our website at www.unitedbank.com.
Member FDIC. Equal Housing Lender
ContactJennifer 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