[Thehostingnews] Web Hosting Firm, Goldleaf, Engages Digital Compliance, for Risk Management
Brentwood, Tennessee - (The Hosting News) - October 23, 2007 - Financial institution web hosting and design technology solutions firm, Goldleaf Financial Solutions, Inc., has joined Digital Compliance, in an effort to further increase the financial institution's operational risk management strategies.
Through an agreement with the Billings, Mont.-based firm, under the partnership, Goldleaf offers Compliance Access, which is designed for financial institutions to get complete, up-to-date compliance and due diligence documentation 24-hours-a-day, 7-days-a-week.
With increasing regulatory requirements, compliance can be a substantial drain on a financial institution's resources. Gathering vendor compliance documentation can be a timely and laborious process for financial institutions, as well as the technology vendors who are required to produce in-depth, ongoing compliance documentation. This partnership allows Goldleaf's compliance documents to automatically be uploaded to a secure Web site, which can then be accessed in a secure environment by the financial institution at anytime. Goldleaf can also produce an encrypted CD of compliance information that can be provided to a financial institution's Board of Directors and/or federal examiners. Without the need to acquire, provide and maintain compliance documentation, financial institutions will benefit from increased productivity and reduced costs associated with that maintenance.
Brad Putnam, President and CEO of Digital Compliance, LLC remarked, ''Financial institutions are facing increased regulatory compliance issues and are expected to closely monitor vendors in order to protect data. This agreement exemplifies both companies shared goal of surpassing the needs and expectations of our customers while providing superior protection of their data.''
The Federal Financial Institutions Examination Council (FFIEC) strongly recommends financial institutions obtain vendor compliance documentation annually. Goldleaf's agreement with Digital Compliance allows its customers to exceed the federal examiner's vendor management guidelines through receipt of compliance documentation that is customized to the specific products and services received from Goldleaf. Furthermore, the agreement provides Goldleaf clients with a solution to obtain complete vendor documentation from their other third party vendors easily and inexpensively.
Brad Putnam, President and CEO of Digital Compliance, LLC added, ''We are offering this service to our customers as part of a continued effort to provide tangible benefits while enabling them to focus on their main priority - their customers. This agreement with Digital Compliance supports our customers in creating a true and central vendor compliance solution. We pride ourselves on being an industry frontrunner, and this is another example of our proactive and aggressive approach to protecting the integrity of our customer's data. Goldleaf understands the challenges faced by financial institutions today, and we look at this partnership as a way to mitigate the burden and stress of demanding compliance requirements.''
Digital Compliance provides an all-inclusive resource to obtain and preserve all of a bank's vendors compliance, due diligence and ongoing documentation monitoring. The service offers financial institutions 24/7 access to Web site support services. Digital Compliance presents its users with the most up-to-date legal information via e-mail notifications.
Billings, Mont.-based Digital Compliance, LLC is a privately held company that provides financial institutions and their vendors with the easy exchange of current due diligence and compliance documentation. The FFIEC, OCC, FDIC, OTS and NCUA all recommend that a vendor management plan be part of any financial institution's operational risk management strategy.
Earlier this year, Goldleaf appointed the Dean of the School of Business at Samford University, Dr. Beck A. Taylor, to its Board of Directors. After earning his undergraduate degree from Baylor with majors in economics and finance, Dr. Taylor received advanced degrees, including a Ph.D., from Purdue University. In 2002, he was named Visiting Scholar by Harvard University and spent a year in-residence at the prestigious Harvard Graduate School of Education.
Goldleaf Financial Solutions, Inc. (GFSI) offers a product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its suite of products and services allows financial institutions and small to medium-sized business customers to compete more effectively.
For more information about Digital Compliance, please visit: www.digitalcomply.com.
To learn more about Goldleaf Financial Solutions, please visit: www.goldleaf.com.
http://www.thehostingnews.com/news-web-hosting-firm-goldleaf-engages-digital-compliance-for-risk-management-3749.html
Brentwood, Tennessee - (The Hosting News) - October 23, 2007 - Financial institution web hosting and design technology solutions firm, Goldleaf Financial Solutions, Inc., has joined Digital Compliance, in an effort to further increase the financial institution's operational risk management strategies.
Through an agreement with the Billings, Mont.-based firm, under the partnership, Goldleaf offers Compliance Access, which is designed for financial institutions to get complete, up-to-date compliance and due diligence documentation 24-hours-a-day, 7-days-a-week.
With increasing regulatory requirements, compliance can be a substantial drain on a financial institution's resources. Gathering vendor compliance documentation can be a timely and laborious process for financial institutions, as well as the technology vendors who are required to produce in-depth, ongoing compliance documentation. This partnership allows Goldleaf's compliance documents to automatically be uploaded to a secure Web site, which can then be accessed in a secure environment by the financial institution at anytime. Goldleaf can also produce an encrypted CD of compliance information that can be provided to a financial institution's Board of Directors and/or federal examiners. Without the need to acquire, provide and maintain compliance documentation, financial institutions will benefit from increased productivity and reduced costs associated with that maintenance.
Brad Putnam, President and CEO of Digital Compliance, LLC remarked, ''Financial institutions are facing increased regulatory compliance issues and are expected to closely monitor vendors in order to protect data. This agreement exemplifies both companies shared goal of surpassing the needs and expectations of our customers while providing superior protection of their data.''
The Federal Financial Institutions Examination Council (FFIEC) strongly recommends financial institutions obtain vendor compliance documentation annually. Goldleaf's agreement with Digital Compliance allows its customers to exceed the federal examiner's vendor management guidelines through receipt of compliance documentation that is customized to the specific products and services received from Goldleaf. Furthermore, the agreement provides Goldleaf clients with a solution to obtain complete vendor documentation from their other third party vendors easily and inexpensively.
Brad Putnam, President and CEO of Digital Compliance, LLC added, ''We are offering this service to our customers as part of a continued effort to provide tangible benefits while enabling them to focus on their main priority - their customers. This agreement with Digital Compliance supports our customers in creating a true and central vendor compliance solution. We pride ourselves on being an industry frontrunner, and this is another example of our proactive and aggressive approach to protecting the integrity of our customer's data. Goldleaf understands the challenges faced by financial institutions today, and we look at this partnership as a way to mitigate the burden and stress of demanding compliance requirements.''
Digital Compliance provides an all-inclusive resource to obtain and preserve all of a bank's vendors compliance, due diligence and ongoing documentation monitoring. The service offers financial institutions 24/7 access to Web site support services. Digital Compliance presents its users with the most up-to-date legal information via e-mail notifications.
Billings, Mont.-based Digital Compliance, LLC is a privately held company that provides financial institutions and their vendors with the easy exchange of current due diligence and compliance documentation. The FFIEC, OCC, FDIC, OTS and NCUA all recommend that a vendor management plan be part of any financial institution's operational risk management strategy.
Earlier this year, Goldleaf appointed the Dean of the School of Business at Samford University, Dr. Beck A. Taylor, to its Board of Directors. After earning his undergraduate degree from Baylor with majors in economics and finance, Dr. Taylor received advanced degrees, including a Ph.D., from Purdue University. In 2002, he was named Visiting Scholar by Harvard University and spent a year in-residence at the prestigious Harvard Graduate School of Education.
Goldleaf Financial Solutions, Inc. (GFSI) offers a product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its suite of products and services allows financial institutions and small to medium-sized business customers to compete more effectively.
For more information about Digital Compliance, please visit: www.digitalcomply.com.
To learn more about Goldleaf Financial Solutions, please visit: www.goldleaf.com.
http://www.thehostingnews.com/news-web-hosting-firm-goldleaf-engages-digital-compliance-for-risk-management-3749.html
