TOPIC: New Vendor Analysis

ESign / Electronic Signature /eVault for Implementation of System of "Control" vendors

CTO at a bank ($855MUSA)
Hello, we are working on a large project to get as many docs (loan, deposit, commercial, and many others) from paper signatures to eSignature.  We have done much research on the rules/regs and specifically we are advised by the legal experts that this will work as long as we are compliant also with "Control" of the transferrable record.  So we are looking at how best and who to use for the implementation of system of "control".  Other FI's have implemented eVaulting to provide a secure chain of custody for the electronic records and use TOLEC (Transfer of Location of Electronic Contracts) software.  So two of the companies that have been recommended for the eVault piece are SPeRS (Standards & Procedures for Electronic Records & Signatures) and/or ESRA (Electronic Signature and Records Association) to implement electronic, signature, disclosure and eVaulting solutions to deal with the "Best Evidence" concern.  

My question is has anyone worked with an eVault company like SPeRS or ESRA and if so, what do you recommend as the best option for this piece of the requirement for eVaulting?I am not familiar with either of these companies so wanted to see if anyone had any information you could provide and/or recommend if you have already been through and established this process.  

Thanks in advance!

    Remote Notary Vendor Suggestions

    Employee at a credit_union ($598MUSA)
    Geez, looks like Remote Notary vendors are slammed with bid requests. 

    Would greatly appreciate feedback on what RN services other CU's are using. For Example:

    1. Ease of negotiations, set up and use
    2. Promises vs Deliverables
    3. Security
    4. Cost
    5, Tech & Customer Support

    Thanks in advance!

      FDiTech - Conducting Business With Banks, A Guide for FINTECHs and Third Parties

      AVP at a bank ($741MUSA)
      I wish all of the FINTECHs would read this guide issued by FDiTech in conjunction with the FDIC.  Perhaps if more FINTECHs would become aware of FI needs, requirements, and compliance considerations, when I ask for certain due diligence materials I might not get the response, "Well, I have never had anyone ask me for that before."  That tired old answer from FINTECHs is worn out.  I may attach a copy of this guide to future RFPs.

        BAI - "Expert Opinion" Compliance Support

        Employee at a credit_union ($210MUSA)
        Hello Everyone,
        I've read through many discussions here on CBANC regarding BAI and their online training courses. 
        However, I'm looking for feedback on the compliance support that they provide through the Learning and Development section of their site. Anyone willing to share their experiences; good or bad?

          Free Webinar | Considerations for Automating AML Monitoring | Earn 1 CAMS Credit

          Friday, September 20, 2019
          2:00 PM ET / 1:00 PM CT
          Presented by Kevin Gulledge, CAMS
          Register today! 

          Financial institutions have many choices when it comes to AML solutions. These solutions can be very complex in nature, or they can sometimes be very basic. Join us for this free webinar where we will discuss the top issues that bank and credit union management faces when selecting, implementing, and using an automated AML monitoring software solution. We will look at the challenges faced by the financial institutions including discussions about policies and procedures, customer and transactional data, budget constraints, core systems, teller systems and more.
          Join to learn:
          • Understand the different types of automation that can support your financial institution’s BSA/AML program
          • Identify common points of failure that institutions may have in implementing a solution along with recommended solutions
          • Explain the implications that your BSA Program and Policies and Procedures may have on vendor or software selection
          Save your seat! 

            Exporting HMDA data from ComplianceOne Mortgage to another software program for editing

            Manager at a bank ($1.9BUSA)
            We are needing guidance on how to export HMDA Data from ComplianceOne Mortgage and then import it into a seperate software like RATA or Trupoint for editing. Can anyone give us any guidance on if they currently do this?   When we contact ComplianceOne Lending they tell us we can export HMDA into a txt file, but only 25 records at a time and there is not an option within the lending program to export the data.      We currently have over 800 HMDA loans and we are looking to get a new software vendor to help us edit the data and run reports. etc.

            Thanks in advance for all the comments to follow.


              Employee at a bank ($1.3BUSA)

              Wondering if anyone in the industry is using IGEL OS.
              Any input on Security, Manageability and end user experience is appreciated.