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Press ReleaseFirst East Side Savings Bank Selects Wolters Kluwer Financial Services’ ComplianceOne Solution
MINNEAPOLIS – Sept. 10, 2008 – Wolters Kluwer Financial Services announced today that First East Side Savings Bank of Tamarac, Fla. has implemented the company’s ComplianceOne solution. ComplianceOne gives financial institutions the ability to manage regulatory and operational risk tied to each of their major business lines, including lending, deposit, mortgage and IRAs, using a single technology platform. First East Side Savings Bank is using ComplianceOne to help the bank perform compliant consumer and commercial lending documentation, according to Brian Kiley, the bank’s executive vice president and chief financial officer. “We’ve always been extremely happy with the functionality, ease-of-use, service and support of each of Wolters Kluwer Financial Services’ products,” said Kiley, noting First East Side Savings Bank has also used the company’s ARTA and Rembrandt Lending systems. “ComplianceOne makes it easy to stay compliant throughout the consumer and commercial lending cycles so moving to the solution was an easy choice.” ComplianceOne features Wolters Kluwer Financial Services’ industry-leading Bankers Systems compliance content that can help financial institutions meet regulatory requirements in all 51 U.S. jurisdictions, and gives them access to the company’s real-time PCi compliance analytics solutions. The solution also allows institutions to take advantage of such in-demand functionalities as imaging, e-signatures and bar-coded documents. “ComplianceOne gives financial institutions like First East Side Savings Bank the flexibility they need to operate more efficiently,” said Ken Newton, executive vice president of Banking for Wolters Kluwer Financial Services. “By weaving a comprehensive set of risk management capabilities into a highly-customizable, yet easy-to-use, technology platform, ComplianceOne presents institutions with a fluid solution that will grow and evolve with them as their business does.” Well over 800 financial institutions have purchased Wolters Kluwer Financial Services’ ComplianceOne solution, which was introduced to the marketplace in 2007. For more information, please visit Wolters Kluwer Financial Services’ Web site. About Wolters Kluwer Financial ServicesWolters 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®, Capital Changes, NILS and AuthenticWeb™ . Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage 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 globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.
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Jennifer Marso Director of Corporate Communications for Wolters Kluwer Financial Services 612.852.7912 Email Jennifer Charles Miller Senior Public Relations Specialist Banking, Mortgage, and Credit Unions 320.240.5457 Email Charles Angela Peterson Senior Public Relations Specialist Securities, Insurance, and Indirect Lending 612.656.7745 Email Angela |