Transforming Network Infrastructure Industry News

[September 17, 2013]

American Financial Services Association Chooses FIS' Regulatory University Solution [Manufacturing Close - Up]

(Manufacturing Close - Up Via Acquire Media NewsEdge) American Financial Services Association (AFSA), announced it has selected FIS' Regulatory University as its member-company compliance training solution.

According to a release, the e-learning solution, which will be branded as AFSA University for the association's members, will ensure ongoing compliance with laws and regulations, and help mitigate non-compliance risks for AFSA members.

FIS, a provider of banking and payments technology, continues to provide companies complete solutions to understand current and upcoming regulations as well as enhance compliance and mitigate risk across their organizations.

FIS provides Enterprise Governance, Risk & Compliance (EGRC) solutions to more than 5,000 financial institutions across the country, using best-practices-based modeling that ensures enterprise risk management and regulatory compliance proficiencies now and in the future. Its combination of more than 150 risk management experts across all areas of risk and tools - such as Regulatory University - have made it a highly trusted resource for financial institutions as well as regulatory agencies, who provide examiner training relying on FIS' experts and solutions.

"Staying on top of constantly changing laws and regulations is a costly challenge for financial services companies," said Sai Huda, VP & GM, EGRC Solutions, FIS. "We are honored to have been selected by AFSA and excited to partner together to provide an innovative industry leading solution to AFSA members to enhance risk management." Additional benefits to AFSA members include the ability to tailor AFSA's white labeled program, AFSA University, to fit the needs of any financial services company and to access it anywhere, anytime. By improving compliance performance, it also allows companies to save time and money.

"Given the new regulatory landscape, it is important for AFSA member companies to have a compliance training program on federal laws that apply to their lines of business," said Chris Stinebert, AFSA President & CEO. "We undertook a detailed search and review before selecting a compliance training program for AFSA members, and chose FIS because of its subject matter expertise, industry reputation, and great eLearning training." FIS' risk assessment software, eLearning and instructor-led training, regulatory compliance/risk management consulting and outsourcing services are designed to keep its more than 5,000 U.S. financial institution clients ahead of the regulatory curve. Its suite of software solutions, including Early Risk Manager, Compliance Risk Indicator, Prime AML, CallReporter and more - enable institutions of all sizes to mitigate risk across the enterprise.

AFSA is the national trade association for the consumer credit industry, protecting access to credit and consumer choice.

FIS is a global provider dedicated to banking and payments technologies.

More Information: http://www.fisglobal.com ((Comments on this story may be sent to [email protected])) (c) 2013 ProQuest Information and Learning Company; All Rights Reserved.

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