Alogent, a leading provider of software solutions for the
banking and financial services market, announced the release of
AccuAccount v24.0, inclusive of new features that ensure compliance
with the Equal Credit Opportunity Act, Section 1071 of the
Dodd-Frank Act. These enhancements enable banks and credit unions
to safeguard documents containing sensitive demographic data from
users involved in lending decisions, promoting fairness and
impartiality in the lending process.
PEACHTREE
CORNERS, Ga., June 4, 2024
/PRNewswire-PRWeb/ -- Alogent (@AlogentCorp), a leading provider of
software solutions for the banking and financial services market,
announced the release of AccuAccount v24.0, inclusive of new
features that ensure compliance with the Equal Credit Opportunity
Act, Section 1071 of the Dodd-Frank Act. These enhancements enable
banks and credit unions to safeguard documents containing sensitive
demographic data from users involved in lending decisions,
promoting fairness and impartiality in the lending process.
"With AccuAccount's enhanced features, we
offer financial institutions the tools they need to seamlessly
navigate regulatory requirements, while maintaining robust loan and
document management processes, and safeguarding the confidentiality
of demographic data," said Dede
Wakefield, Alogent's CEO
"Alogent's commitment to our clients' success goes hand-in-hand
with our dedication to upholding the highest standards of
compliance," said Dede Wakefield,
Alogent CEO. "With AccuAccount's enhanced features, we offer
financial institutions the tools they need to seamlessly navigate
regulatory requirements, while maintaining robust loan and document
management processes, and safeguarding the confidentiality of
demographic data."
Alogent's comprehensive suite of process automation solutions,
which includes AccuAccount and FASTdocs, seamlessly aligns with the
upcoming Dodd-Frank requirements set to take effect in October 2024. By enhancing operational efficiency
and streamlining paper-based processes, AccuAccount and FASTdocs
empower financial institutions to succeed in an evolving regulatory
landscape.
About Alogent
Alogent provides proven, end-to-end check payment processing,
digital, online, and mobile banking, and enterprise content and
information management platforms to financial institutions of all
sizes, including credit unions, community banks, and some of the
largest national and international institutions. Our unique
approach spans the entire transaction ecosystem — capturing and
digitizing transaction data, exception tracking, and automating
entire transaction and loan management workflows so that
information is available across the enterprise. Alogent's solution
suites leverage the latest in machine learning and predictive
analytics, including enterprise-wide data intelligence and
reporting solutions that enable financial institutions to deliver
products and services that boost engagement through personalization
and data-backed decisions. Learn more about Alogent at
http://www.alogent.com.
Media Inquiries
Alogent
Wendi Klein, VP Marketing &
Communications, pr@alogent.com, +1-678-966-0844
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content:https://www.prweb.com/releases/alogent-introduces-enhanced-accuaccount-features-to-strengthen-loan-document-management-compliance-aligned-with-dodd-frank-act-standards-for-demographic-data-protection-302160309.html
SOURCE Alogent