Clayton Bancorp Chooses Wolters Kluwer Financial Services’ ComplianceOne

Tennessee Bank Holding Company Implements Solution Throughout Clayton Bank & Trust and American City Bank Locations

MINNEAPOLIS--(BUSINESS WIRE)-- Clayton Bancorp, Inc., of Knoxville Tennessee, has selected Wolters Kluwer Financial Services’ComplianceOne™ solution to help process lending and deposit transactions quickly, accurately and in compliance with all federal and state regulations. The bank holding company has implemented ComplianceOne throughout its Clayton Bank & Trust and American City Bank locations in Tennessee.

“ComplianceOne makes the documentation process simple and easy-to-perform,” said Chuck Justice, controller for Clayton Bank, noting the solution automatically selects the documents required to complete each transaction based on its type and jurisdiction. “That offers us a comfort level from a compliance standpoint.”

“And no matter what regulatory changes are on the horizon, with ComplianceOne’s proven track record, we feel completely confident that we’ll be ready to address them,” added Jim Clayton, CEO of Clayton Bancorp, Inc.

Justice also said the transition from the banks’ previous documentation solution was quick and smooth because ComplianceOne is both easy to learn and use.

“The onsite training really set us up for a successful ComplianceOne deployment,” he said. “I’ve been in banking for 20 years, and I probably learned more that week about the ‘why’ behind each step in the lending and deposit processes than I have during my entire career. The training is that good.”

ComplianceOne is a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and more efficient. The solution connects the major areas of a financial institution’s business to its core processor through one, easy-to-manage user interface. ComplianceOne is built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Bankers Systems brand. And the solution offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.

For more information about ComplianceOne, please visit www.WoltersKluwerFS.com/One.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

Wolters Kluwer Financial ServicesJennifer Marso, 612-852-7912
Senior Director of Corporate Communications
[email protected]
On Twitter: @JenniferMarso
orCharles Miller, 320-240-5457
Corporate Communications Manager
[email protected]
On Twitter: @CharlesWMiller

<p>Source: Wolters Kluwer Financial Services