BRENTWOOD, Tenn., June 10, 2019 — Ncontracts, the leading provider of integrated risk management solutions for financial institutions, is announcing the launch of their new Compliance Management System (CMS), Ncomply.
“Customers and prospects alike have been asking us to develop a CMS that leverages our effective risk management workflow in the regulatory compliance side of their financial institution,” said Michael Berman, chief executive officer of Ncontracts. “By addressing compliance with both our CMS as well as our solutions for HMDA, CRA and Fair Lending analytics from our recent acquisition of Trupoint Partners, we’ve created a solution that’s second-to-none in harnessing the automation to effectively manage the lifecycle of compliance.”
Ncomply is a full-fledged compliance management system designed to streamline regulatory compliance by: Interpreting regulations and keeping up with changes; Offering cross-departmental collaboration; Maintaining organized records needed to produce reports for examiners and board meetings; And keeping track of policy changes, approvals, and training activity.
“We worked closely with industry experts and existing customers to develop a software framework to best serve financial institutions of all sizes,” said Bill Simpson, Ncontracts’ Chief Technology Officer. “Ncomply is robust enough to manage compliance across each department of the financial institution, and nimble enough to be tailored to meet their regulatory needs.”
Announced at the American Bankers Association Regulatory Compliance Conference in New Orleans, LA, Ncomply is off to a strong start in level of interest, and work is already underway to deliver the next version later in 2019.
Nashville-based Ncontracts is the dedicated provider of integrated risk management for the financial industry. Since 2009, over 1,250+ banks and credit unions across the U.S. rely on Ncontracts customized services, integrated risk management platform and robust applications to proactively manage every aspect of vendor, organizational, and compliance risk. Transform risk management from reactive to proactive, reduce risk, decrease cost and effort, and protect organizational reputation with Ncontracts. Learn more at www.ncontracts.com and follow us on Twitter and LinkedIn.