Safe Systems Issues New White Paper: “The New Era of RegTech: Building Compliance into Your Financial Institution’s Processes”
Alpharetta, Ga., March 28, 2018 – Safe Systems, a national provider of fully-compliant IT and security services for community banks and credit unions, has published a free white paper, “The New Era of RegTech: Building Compliance into Your Financial Institution’s Processes,” which is now available for download on its website.
With data breaches and cyber-attacks occurring more frequently in the banking industry, regulators have created stricter laws to help financial institutions better protect customer data. However, these complex regulations have made it very challenging for community banks and credit unions to keep up with regulatory changes, effectively manage risk and remain compliant. Safe Systems’ white paper addresses the emergence of a new technology product category called regulatory technology, or RegTech, and explains how these solutions are helping community banks and credit unions fill compliance gaps, streamline processes and provide better oversight of their data.
“Today, compliance initiatives have become a resource-consuming, expensive inefficiency within financial institutions,” said Darren Bridges, president of Safe Systems. “With so much at stake, community banks and credit unions need a new way to simplify complex processes to successfully meet examiner expectations. Our white paper explains how RegTech is helping financial organizations increase flexibility, ensure compliance and create new opportunities for growth.”
About Safe Systems
Safe Systems was founded in 1993 to provide compliance-centric IT and security solutions exclusively to financial institutions. The company has become one of the leaders in the industry, managing hundreds of financial institutions representing more than $61 billion in combined assets, 1,100 locations and more than 20,000 network devices. Safe Systems’ IT network management services are the bridge between the core and other third-party applications. These cost effective solutions include IT support and managed services, internal network/cloud design and installation, hosted email, business continuity and disaster recovery, compliance consulting, security services, and IT and compliance training. Safe Systems helps financial institutions to significantly decrease costs, increase performance, and improve their compliance posture. For additional information about Safe Systems, Inc., please visit www.safesystems.com or call 877.752.0550.
The New Era of RegTech