EMPLOYEE COMPLIANCE TRACKING MADE EASY
Ensuring your management and employee personnel are onboarded and held to compliance requirements can be automated and made part of your existing process.
Our efforts to help valued fintech clients with compliance often extends beyond technical considerations for the website(s) and helping the institutions and customers/clients to adapt for the most efficient usage. Ensuring that employees, partners, and vendors adhere to changes and updates can be time consuming for executives who do not have an efficient methodology in place.
Ensuring that employees, partners, and vendors adhere to changes and updates can be time consuming for executives who do not have an efficient methodology in place.
Employees may have the need to quote specific rates or procedures which fall under government and exterior regulations which go beyond requirements of the bank or financial services institution. There are situations for which an employee may be held accountable. Meanwhile, we experience situations in which considerable executive or management time is spent ensuring that employees are ‘up to speed’ on compliance related regulations, updates, and changes. It is safe to say that some institutions are not aware of how much of the process can be automated and monitored, whether by the HR or IT departments.
It is safe to say that some institutions are not aware of how much of the process can be automated and monitored, whether by the HR or IT departments.
One strategy our team helps with, from creating through implementation, is Employee Attestation. Being able to prove that an employee “accepted” review of compliance information or completed training or a course, could prove crucial in the event of legal action, a termination, or the ability to enforce compliance over an entire department or group. In addition, a specific system or internal technology for compliance can also be implemented within your entity’s onboarding process.
Being able to prove that an employee “accepted” review of compliance information or completed training or a course, could prove crucial in the event of legal action, a termination, or the ability to enforce compliance over an entire department or group.
Another concern is when there are compliance matters which are government based AND internal company matters to add. A centralized and automated system can be structured to protect management and employees from overlooking one or the others within either a representation or customer implementation.
If your financial institution is directly involved with possible foreclosures, evictions, and/or phased development, meeting and tracking the status of incident requirements can also become an automated part of the process. Our team is ready to help meet requirements while providing the technical support necessary to save time and costs in the process!
Could you prove today that every employee reviewed your latest compliance updates?
If not, our team can help you set up a system that does it for you.
