Five additional banking associations now endorse Wolters Kluwer Financial Services' comprehensive suite of solutions and services that help financial institutions meet all Red Flag Rules requirements tied to the Fair and Accurate Credit Transactions (FACT) Act.
The five additional associations that endorsed the Wolters Kluwer solutions and services are:
-- The Alabama Bankers Association (ABA); -- California Bankers Association (CBA); -- Community Bankers Association of Illinois (CBAI); -- Texas Bankers Association (TBA); -- Wisconsin Bankers Association (WBA.
In June, the Independent Community Bankers of America (ICBA) named Wolters Kluwer Financial Services a Preferred Provider for Red Flag solutions and services.
The Wolters Kluwer Red Flag solutions and services are designed to provide financial institutions with automated identity verification and authentication, streamlined Red Flag Rules policy development, specifically-designed Red Flags forms and checklists for assessing the impact and risk related to the new requirements, in addition to tracking Red Flag responses and employee training through instructional videos and a self-directed learning module.