RegEd: Delivering Enterprise Bank Compliance Solutions

John M. Schobel, CEO and Founder

In the banking sector, managing compliance effectively and holistically has become non-negotiable due to regulator scrutiny. Building compliance solutions in-house is not a viable option for banks, owing to the development expense and subsequent expense required to drive increased efficiency across the solution’s lifetime. Today banks recognize that valuable IT cycles are better spent on customer experience and driving innovation. And, while large banks have GRC systems implemented, many never extend those solutions to address core compliance needs. GRC systems are highly purposed to risk management and build out to address compliance management is expensive. As a result, banks end up managing discrete compliance functions in generic tools such as spreadsheets and SharePoint®, creating compliance risk exposure for the bank.

RegEd, with two decades of experience, helps banks mitigate risk, comply with regulations, and manage governance with their powerful compliance platform and enterprise solutions. Using a consultative approach, the company helps clients achieve unparalleled levels of operational efficiency. Since its founding, RegEd has evolved to market leadership, providing sophisticated compliance and credentialing solutions hallmarked by workflow management, BPA, hierarchy management and integration with internal solutions and external regulatory gateways. Catering to the industry’s largest financial services firms, RegEd implements enterprise solutions that address the myriad of complex requirements across state, FINRA, OCC, CFPB and other banking regulators.

Today it’s critical for banks to ensure a strong first line of defense and conduct self-audit activities across their branch networks. RegEd offers an Enterprise Branch Audit Management solution that drives consistency in the process, enabling banks to plan, schedule, conduct, remediate, and report on branch and other audits.