ATTUS Technologies, Inc. Launches Managed Compliance Module to Facilitate Dodd-Frank Act Compliance
Solution aids financial institutions in understanding, preparing for regulatory changes
ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, released its new Dodd-Frank Managed Compliance Planning Module to assist financial institutions in identifying and understanding the impact of the pending Dodd-Frank Act mortgage reform regulations. The module provides subject matter experts, intelligent content and tools to assist banks in preparing for new and changing regulations.
The Dodd-Frank Mortgage Reform Managed Compliance Planning Module provides institutions with an authoritative resource dedicated to explaining upcoming regulations, outlining the impact on the institution and how to prepare for the new rules. The module’s various self-assessment tools enable financial institutions to perform reviews of its current and future compliance procedures based on the Dodd-Frank Act’s existing and proposed regulations. It also includes support from industry experts to supplement the institution’s existing resources in preparing for the impending regulatory changes.
“A recent CSI community bank survey on priorities for 2012 revealed that institutions consider compliance with Dodd-Frank to be their top priority and challenge,” said Paul Reymann, chief risk officer of ATTUS Technologies. “With Dodd-Frank compliance at the forefront of banks’ minds this year, the industry needs an authoritative, cost-effective and easy-to-use resource to enable financial institutions to navigate, understand and act on the regulatory changes that will affect them. This module is a paramount addition to our Managed Compliance Services, making it possible for each bank to cost-effectively prepare for and survive the Dodd-Frank compliance tsunami.”
The module’s strategic planning tools deliver summary descriptions of each individual mortgage reform section within Dodd-Frank, complete with a proposed implementation date and identification of which institutions are affected. Users are provided with intelligent content on each key section to simplify their efforts to define actionable steps for their institution, assign an employee to be responsible for upcoming items and set a time to start putting this plan into action.
ATTUS’ Managed Compliance Services keeps financial institutions ahead of reform and prepared for future changes through its industry expertise, intelligent content and advanced technology. CSI recently transitioned this suite of services from its Managed Services Division to ATTUS to better align its compliance resources for financial institutions. The service reduces the time and cost spent on compliance, while allowing institutions to achieve real-time visibility and intelligence across the organization. Through ATTUS’ services, financial institutions can consistently operate in an examination-ready state.
“Keeping up with constantly changing regulations can be overwhelming, but financial institutions must maintain compliance in order to survive,” said Tom Fedell, president and general manager of ATTUS Technologies. “Both ATTUS and CSI understand the growing demands and challenges associated with regulatory compliance, and we are committed to delivering innovative solutions like the Dodd-Frank module that complete the hard work for financial institutions so they can focus more resources on revenue-generating activities.”
On April 24, ATTUS will host a webinar entitled “Do You Know How to Surf the Dodd-Frank Tsunami?” focused on why the traditional methods of managing compliance are stressed beyond their limits. Attendees can expect to learn about:
- Innovative alternatives to the compliance process;
- How the right combination of planning, assessment processes, tracking tools and content can help to meet unprecedented compliance challenges; and
- How to successfully prepare for Dodd-Frank Act compliance regulations, the number one challenge for banks in 2012.
The free webinar will take place on Tues., April 24, from 3:00 - 4:00 p.m. ET. For more information and to register, visit http://www.attustech.com/webinarsupcoming.aspx.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. ATTUS serves more than 5,000 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more. ATTUS’ solutions provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS, a wholly owned subsidiary of Computer Services, Inc., is based in Charlotte, N.C. For more information about ATTUS, visit www.attustech.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry. CSI’s stock is traded on the OTCQX under the symbol CSVI. CSI is based in Paducah, Ky. For more information about CSI, visit www.csiweb.com.