Banking and Financial Services Compliance Software

Compliance Management Software for the Financial Services and Bank Industries

Every organization in the financial service industry — whether a commercial bank, credit union, investment bank, brokerage firm, mortgage broker, insurance company or management investment firm — has different guidelines and standards by which they must adhere, and as a result, has unique needs.

At ConvergePoint, we listen to our financial customers’ strengths and challenges to determine best practices in compliance management. With your needs in mind, we built our compliance management software, hosted on Microsoft SharePoint, to streamline your policy and contract lifecycles.

Highly regulated both internally and externally, financial institutions must adhere to the SEC, FDIC, FINRA, OCC, CFTC, and the Federal Reserve — and it can be complicated to meet all of these governing bodies’ requirements. We understand the financial sector is under additional external scrutiny in their transparency efforts, and requires a robust policy and contract process for additional checks and balances. With our software, you establish a streamlined, consistent approach to your compliance processes to promote transparency and reduce risk.

cycle of your corporate compliance process with Policy and Procedure Software with Microsoft 365 SharePoint.

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Trusted by happy customers across industries for their regulatory compliance best practices

Helpful Regulatory Links – Financial Services and Banks

U.S. Securities and Exchange Commission (SEC)
Financial Industry Regulatory Authority (FINRA)
U.S. Commodity Futures Trading Commission (CTFC)
U.S. Federal Reserve System (FRB)
Federal Deposit Insurance Corporation (FDIC)
U.S. Department of the Treasury: Office of the Comptroller of the Currency (OCC)
U.S. Financial Accounting and Standards Board (FASB)

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Our Financial Services and Bank Clients Benefit from

Reduction in non-compliance issues
Increased employee awareness about compliance initiative
Custom workflows for policy and contract creation, distribution, renewal and retirement
Increased knowledge capture and information transfer through configurable forms and forced data capture

Advanced search functionality
Actionable compliance – dashboards, ad hoc reports, notifications, acknolwedgements, revisions and escalation events
Proactive email reminders and notifications when policies and contracts are due for revisions, renewal, expiration or retirement

Featured Education Compliance Articles

Pressure to Cut Costs Leads Financial Services Organizations to Automate Processes

Today, financial institutions are continually pressured to decrease costs while increasing profitability. On top of these tasks, they must juggle demanding customers looking for faster, more personalized service, safeguarding against cybersecurity attacks and adhering to regulatory compliance standards.

To meet these demands, banks, credit unions and other financial services organizations have focused on creating and improving processes through automation…

Under Strict Financial Regulations? Protecting Contract Data Can Be Shockingly Easy

Banking and financial institutions, perhaps more than any other type of business, must be constantly on alert for cybersecurity breaches. Their customers entrust them with a large amount of data, and financial firms’ business depends on the ability to protect and secure their customers’ information.

As a result, the financial services industry is heavily regulated and under constant scrutiny — by both officials and the public. Financial organizations must adhere to strict compliance laws to promote operational transparency and accountability… READ MORE

What is the Real Cost of Non-Compliance?

Although many companies hire compliance specific roles in their organizations to enforce regulations, they do not provide them with the tools for success that can increase their productivity. Instead, thousands of dollars are wasted due to factors such as… READ MORE

5 Ways to Better Manage FCPA Risk

The Foreign Corrupt Practices Act (FCPA) is a federal anti-bribery statute that makes it “unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business,” according to the U.S. Department of Justice website.

The FCPA has been around since 1977, and has received greater attention and increased enforcement in the past few years, leading to increased corporate penalties for violations… READ MORE

SharePoint as a Compliance Tool

According to Microsoft market research, 78 percent of the Fortune 500 companies are SharePoint users. With such an impressive user base, it’s easy to recognize SharePoint as an essential business tool used within most organizations today. When it comes to compliance the possibilities within such an extensive tool are limitless… READ MORE