Regulatory agencies have been emphasizing the importance of a strong and effective CMS, and they’ve given financial institutions a lot of flexibility in building one. But with so much variability in CMS programs, how does an institution develop a CMS that will best support it needs?
This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals. Takeaways include:
A primer on CMS requirements
4 key elements to prioritize when designing or updating a CMS
7 CMS features that should align with your FI’s goal and structure
Real-life examples of failed CMSs and compliance controls