Want to know if the compliance management system solution (CMS) you’re considering is right for your financial institution?
Look no further than the March/April 2020 issue of ABA Bank Compliance.
In the feature story How to Know If a Compliance Management System Solution Is Right for Your Bank Ncontracts’ Michael Berman offers up a list of seven simple questions, banks and credit unions should consider when reviewing a potential CMS solution.
More than a checklist, it delves into the structural and philosophical approach of an FI to determine if a CMS will be able to support the FI’s existing compliance program—instead of forcing the FI to have to start from scratch to conform to the constraints of the CMS.
If you’re considering adopting a new CMS solution, you’ll want to read it.