Technology can provide a variety of features associated with efficient, comprehensive and cost-effective compliance, says Rebecca Herold, co-founder/president of SIMBUS360, Des Moines, Iowa:

• support from compliance experts in the form of prewritten policies and procedures that each credit union can customize and adapt for its operations;
• online access to compliant process and procedure guides with formal processes for employees to review and attest to their understanding;
• logins to track those accessing required procedures, forms and disclosures;
• online training modules to push out regulatory learning content and activities, assignments, quizzes and results for employees to monitor their progress and for managers to evaluate training results at an individual and group level;

 

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