360factors’ Compliance Management System is a standalone compliance management solution to track, manage, create, and discuss all compliance related tasks, activities, and issues in one place. Manage compliance with BFSI regulations such as TILA, HMDA, BSA, AML, and KYC.
- Information is scattered across multiple documents, spreadsheets, and emails
- Departmental silos within the organizations due to the lack of integration
- Limited visibility for top management of compliance status or activities
- A single compliance management system for all compliance related information, data, discussion, and documents
- An integrated solution that works organization-wide, allowing all departments to be on the same page
- A live executive dashboard that gives a holistic view of compliance issues, audits, and tasks
Learn more about how our solutions can improve your compliance processes making your team more efficient. Request a Demo or sign up for a Free Trial of our Compliance Management module.
As thought leaders in the compliance and risk management space, 360factors is dedicated in providing those who are seeking an improved solution to their own challenges, a resource for visitors to become informed and make their own evaluation of the services being provided. Select some recent compliance related articles below.
Posted by: Bobby O’Neal | December 11, 2018
Managing compliance risk in banks is an important objective of management but having the wrong culture makes it hard to achieve improvements in compliance levels. Management can focus on compliance, create strategies to improve regulatory compliance, and much more but they will not receive the results they…
Posted by: Bobby O’Neal | December 5, 2018
Vendors are an integral part of doing business, but they increase risks of non-compliance. Businesses are responsible for any non-compliance in their own services even if the non-compliance was committed by a vendor. It is the responsibility of every business to ensure that every part of them…
Posted by: Bobby O’Neal | November 26, 2018
Compliance departments are usually staffed with lawyers and accountants. Lawyers because of their expertise in the legal domain, which is a necessity for interpreting and enforcing compliance. Accountants because their technical expertise in the matters of finance and record-keeping were necessary…
Today, banks and other financial institutions are facing greater expectations as it relates to compliance. With 61% of banks looking to increase their compliance budget in 2018 it is evident that more banks have identified these operational challenges and are now engaging in new technology to support their compliance management solutions. As always, the challenge is how to approach the presumed high cost to implement a third party software solution. Banks favor adding technology without increasing additional head-count yet keep the technology affordable and the implementation limited to a short period of time.
360factors was created to provide solutions to these banks who think that a having a compliance management software solution powered by artificial intelligence would be to expensive and take too much time and resources to implement. Imagine having a solution implemented within hours or days, instead of weeks and months.
Learn more about our services and request a demo where you can speak with our Customer Solutions Team or try our 30-day Free Trial.