Compliance is a critical step in managing risk. The challenge is to keep up with all the applicable changes in regulations, make sure the changes are communicated to all applicable personnel, and then test to make sure the organization is compliant. However, one piece of bad data can spoil your results. How can you be sure you’re maintaining your compliance adequately? When each department is individually managing compliance manually, financial institutions and financial services companies are more vulnerable to costly errors.
Ncomply is a secure, centralized CMS that eliminates manual processes and allows departments to share information. It’s an efficient, effective solution that saves time and money while protecting your organization from compliance risk.
Ncomply includes a library of standard rules and regulations, yet it’s customizable for your financial institution or financial services company. It also allows your staff to easily track applicable rule or regulation changes, confirm training, track consumer complaints, and assure your team of the adequacy of your compliance management system.