The partnership allows Goldleaf’s compliance documents to automatically be uploaded to a secure Web site, which can then be accessed in a secure environment by the financial institution at anytime. Goldleaf can also produce an encrypted CD of compliance information that can be provided to a financial institution’s board of directors and/or federal examiners. Without the need to acquire, provide and maintain compliance documentation, financial institutions will benefit from increased productivity and reduced costs associated with that maintenance.
Digital Compliance provides an all-inclusive resource to obtain and preserve all of a bank’s vendor’s compliance, due diligence and ongoing documentation monitoring. The service offers financial institutions 24/7 access to Web site support services. Digital Compliance presents its users with the most up-to-date legal information via e-mail notifications.
Brad Putnam, president and CEO of Digital Compliance, said: Financial institutions are facing increased regulatory compliance issues and are expected to closely monitor vendors in order to protect data.
This agreement exemplifies both companies’ shared goal of surpassing the needs and expectations of our customers while providing superior protection of their data.
