CSI Introduces ComplianceNet to Simplify Regulatory Complications

CSI Introduces ComplianceNet to Simplify Regulatory Complications

Application provides access to compliance experts to answer compliance questions quickly

PADUCAH, Ky.--(BUSINESS WIRE)-- The constant introduction of new regulatory requirements from the Consumer Financial Protection Bureau (CFPB) and other agencies has many financial institutions scrambling to keep their heads above water. In an effort to offer financial institutions a simplified approach to the compliance process, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions and businesses to remain competitive, compliant and profitable, introduces ComplianceNet as a new component of its Managed Compliance Services. ComplianceNet provides institutions with access to a dedicated help desk staffed by seasoned compliance professionals to address and resolve compliance questions regarding regulatory issues.

Operating as an extension of the institution's existing internal compliance team, ComplianceNet is an email-based application that provides compliance staff with an easy and efficient way to communicate with CSI compliance experts. The application automatically routes user-submitted questions to the compliance team, where an expert prepares an email response to the institution's inquiry within 24 business hours.

Beyond its functionality as a general compliance-knowledge application, ComplianceNet also allows institutions to submit advertising material and drafted policies to CSI's compliance team for review and feedback. Institutions using ComplianceNet gain the ability to quickly get answers to questions and feedback on new ads or policies. Additional features include access to the following:

  • Updates and advice on pressing compliance issues;

  • Educational webinars; and

  • Monthly reporting on the institution's cases and solutions history.

Since 1998, CSI's Regulatory Compliance division has provided organizations with advanced software solutions and consulting services catered to such key areas of business concern as watch list screening, risk management and fraud prevention. As a leader in the regulatory compliance sector, CSI designs solutions and services that ensure continued customer success by leveraging the latest technology advancements available to consistently drive superior results.

"Regardless of asset size or specific area of focus, compliance will always play a pivotal role in the success or failure of any financial institution," said Tom Fedell, president and general manager of CSI's Regulatory Compliance division. "As a company, we strive to provide our customers with solutions like ComplianceNet that not only enable them to manage compliance and other complex processes more efficiently, but also improve the success of their business in the future."

About Computer Services, Inc.

Computer Services, Inc. (CSI) 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.

Brandon Dyce, 270-442-7361
Stephen Sprayberry, 678-781-7207

KEYWORDS: United States North America Kentucky


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