Financial Services
Financial Institutions such as investment services firms, wealth management,
insurance and credit institutions, and mortgage and brokerage firms are all
paper intensive environments that need to reduce costs and increase service
levels and operational efficiencies all while complying with various regulatory
laws. Such regulatory laws include Graham-Leach-Bliley,
SEC 17a-3 and 17a-4, The Patriot Act, Sarbanes-Oxley sections 302 and 404 for
public companies, IRS Rev. Proc. 97-22 and NASD 3010 & NYSE 342.
Commercial banking is a fiercely competitive business. In this aggressive
marketplace, success is measured by operational efficiency, lower cost services,
and improved customer service all while delivering a greater level of profitability. Compound
these challenges with regulatory compliance requirements and every organization
must implement some type of
solution.
Benefits for the Financial Industry
- Adhere to regulatory requirements such as the PATRIOT Act, FRCP, Check Truncation Act and Check 21
- Audit Trail of all documents to provide accountability
- Improve customer relationships through more effective and quicker service Manage all customer account information with a single, central repository
- Realize immediate ROI though rapid installation
- Improved profitability on banking services
- Instant retrieval
- Eliminate paper handling costs
- Eliminate document loss and associated contingent liabilities
- Improved security
- Disaster recovery
- Reliable digital archiving
- Increased employee efficiency
- Increased customer base without increasing employee headcount