One of the biggest issues faced by banks and credit unions today is regulatory compliance risk. Since 2009, regulatory fees have increased dramatically relative to banks’ earnings and credit losses. Moreover, the number and complexity of regulations—along with the associated costs and penalties—continue to escalate at a rapid rate.

So how do banks and credit unions respond to this regulatory challenge and ensure that they’re able to demonstrate strong processes and assurance to regulators?

Download this tip sheet to discover how specialized compliance technology can ease the compliance burden, but most importantly, satisfy regulator inspections to reduce the costly risks of compliance failures.

This publication highlights:

• The impact of rising regulations, costs and penalties on a bank or credit union’s bottom line
• A checklist to help financial institutions better respond to regulator challenges
• 6 technology considerations for achieving a high-performance compliance program