April 1 - In an effort to further simplify compliance with current and future regulatory issues, Computer Services Inc. has introduced two new compliance offerings: WatchDOG Elite Policies and Procedures and Consumer Compliance. Both solutions leverage CSI’s team of compliance experts to enable institutions to enhance the overall compliance of their operations with the greatest of ease.
CSI’s WatchDOG Elite Policies and Procedures solution allows users to streamline the review, preparation and update of necessary IT policies, procedures and forms to ensure compliance with the IT General Control standards for FFIEC and other related regulations. As the building blocks for compliance success, developing and maintaining effective IT policies and procedures requires significant time and attention. By implementing CSI’s WatchDOG Elite Policies and Procedures, organizations can:
· Standardize the process and format for all policies and procedures;
· Simplify policy approvals and end-user acceptance with built-in workflow;
· Manage and store policies in a single portal to reduce complexities; and
· Enhance reporting capabilities to better track policy approval and acceptance.
Beyond providing a policy management software solution, WatchDOG Elite Policies and Procedures also includes access to CSI’s team of regulatory experts. The certified team of compliance experts can assist users in developing effective policies and procedures across a variety of IT areas, such as access control, authentication, personnel security, incident response and change management administration.
“The industry’s current regulatory environment presents a significant challenge for institutions of every size, so we continually search for ways to provide organizations with more efficient methods of managing compliance,” said Paul Koziarz, president and general manager of CSI’s Regulatory Compliance Division. “Because each institution has a unique set of needs, our latest compliance solutions provide a high level of customization in order to address the regulations deemed most necessary by the institution with the appropriate level of expert support.”
In addition, CSI’s team of experts play a key role in helping financial institutions manage the latest regulations protecting consumers as part of its new Consumer Compliance solution. The new Managed Compliance Service helps financial institutions better manage consumer protection regulations by providing both Self-Assessment and Review Services to ensure the unique compliance needs of each institution are fully addressed.
Through the Self-Assessment Service, CSI provides users with expert developed tools to help conduct a compliance self-assessment of the institution through a series of questionnaires based on the latest consumer regulations, including the Community Reinvestment Act (CRA) and Bank Secrecy Act (BSA). In addition, CSI’s Consumer Compliance also offers a Review Service, which provides an on-site assessment of the institution’s overall compliance program. The assessment, which is conducted by a CSI compliance expert, includes:
· Assessment of current state of compliance through staff interviews and review of current policies and procedures;
· Review of previous audits and examinations;
· Transaction testing;
· Comprehensive review reporting, including test results, management responses and key recommendations; and
· Personalized access to CSI’s staff of compliance experts.
“Just as new consumer regulations require financial institutions to constantly adjust compliance processes, we must evolve as a technology provider to ensure our solutions meet the changing needs of our customers,” Koziarz said. “Backed by an expert compliance team boasting more than 100 years of combined regulatory experience, CSI remains dedicated to not only simplifying compliance for our customers, but also offering solutions that prevent operational issues as new regulations are introduced.”
About Computer Services, Inc.
Computer Services Inc. delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.