Wolters Kluwer Financial Services

Press Release

Alabama Bankers Association Expands Endorsement With Wolters Kluwer Financial Services To Include ComplianceOne Solution

MINNEAPOLIS – September 27, 2007 – Wolters Kluwer Financial Services and the Alabama Bankers Association announced today the association has expanded its endorsement agreement with Wolters Kluwer Financial Services to include the company’s new ComplianceOne™ solution.

Built upon the decades of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems and PCi product lines, ComplianceOne gives financial institutions all the tools needed to create a complete consumer, commercial and mortgage loan as well as an IRA or new deposit account from a compliance, work flow and data perspective on a single delivery platform. ComplianceOne allows financial institutions to open new accounts and complete transactions quickly through the solution’s common database structure.

“One of the biggest concerns for our member banks is how to manage compliance and operational risk across multiple business lines with a number of disparate processes and systems,” said Dan Bailey, chief executive officer of the Alabama Bankers Association. “By offering ComplianceOne, we’re helping them address those concerns with a single, integrated approach to compliance.”

“ComplianceOne gives banks a lot of compliance capability in a simple, easy-to-use format,” said Ken Newton, executive vice president of Banking for Wolters Kluwer Financial Services. “Wolters Kluwer Financial Services is excited about the opportunity to provide Alabama Bankers Association members with access to our industry leading compliance content through ComplianceOne’s technology platform, which was created using the best capabilities from our existing ARTA, Rembrandt and GulfPak solutions.”

The Alabama Bankers Association endorses several other Wolters Kluwer Financial Services’ solutions in addition to ComplianceOne, including:

  • Automated and pre-printed solutions for lending and deposit;
  • Individual Retirement Account consulting services and pre-printed solutions;
  • Wiz Sentri™:  RiskID, a risk-based identity verification system that helps banks comply with the Customer Identification Program requirements of the USA PATRIOT Act; and
  • The Wiz Sentri suite of AML solutions, which address Bank Secrecy Act requirements.

For more information about ComplianceOne, please visit www.WoltersKluwerFS.com/one.

About the Alabama Bankers Association

The Alabama Bankers Association, founded in 1890, is the state's largest and oldest banking industry trade organization representing 155 banks with more than $100 billion in total assets. We provide a variety of member services, including publications, educational seminars and schools, as well as state and federal legislative updates. The fundamental goal of the Alabama Bankers Association has always been to serve its membership and to promote unity in our state banking industry. As time goes on, unity will continue to remain our focus as we promote what is best for the banking interests in Alabama. This is evident in the Alabama Bankers Association mission statement conceived more than 100 years ago.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, indirect lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2006) of €3.4 billion, employs approximately 18,450 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
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Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
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Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
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