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Give Your Customers a Digitized Experience While Improving Your Organization's Regulatory Deficiencies

Question: 
How do the growing regulatory requirements impact financial institutions and their customers' experience?
Answer: 

Growing regulatory requirements are making regulatory requirements time consuming and an expensive, especially when the processes are done manually. For customers, regulations and manual processes create stress and a bad customer experience. When banks require customers to sign statements or affidavits, forcing busy customers to have to come to the branch, many times customers do not come to sign causing a delay in filing claims which in turn results in a regulatory deficit for the financial institution.

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FINBOA's end-to-end digital platform, is optimized for Reg E claims to get filed on time, while also providing a e-sign facility for customers to sign from where they are, making financial institutions compliant and customers happy. Growing Compliance Regulations are driving the Need for Automation in the Back Office.

Vendor: 

FINBOA's end-to-end process automation eliminates the need to use paper forms and multiple systems that require manual rekeying of data to stay compliant. Manual processes increase the likelihood of regulatory deficiencies, customer frustration, and require time consuming and expensive oversight. The results are delivered via a Cloud offering that reduces time to value to 2 - 4 weeks and TCO by 40%. Time saved allows financial institutions to focus on revenue generation activities. Contact us at 281-503-1233 or marketing@finboa.com. For more information: https://www.finboa.com.

First published on 11/17/2019

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