Compliance expertise you can trust
Finastra is your partner, with tools designed to help community financial institutions navigate today’s evolving regulatory landscape
Prepare for tomorrow’s compliance challenges today
In the ever-changing regulatory landscape, financial institutions are under pressure not only to control risk but also manage the escalating costs of compliance. They struggle with inconsistent, siloed, and manual processes that are costly to maintain, time consuming, and may not adequately or consistently address the root sources of risk exposures.
Finastra offers a suite of tools that will equip you to address many of your technology-dependent compliance requirements. From a market-leading warranty to insights products that help you understand underlying statistics related to your lending activities, we are committed to helping you meet your regulatory obligations. And Finastra is not done yet… we continue to develop solutions that evolve to meet your needs in as efficient and scalable way possible.
Chief Compliance Officers are seeing a steady increase in compliance mandates
Technology solutions that are scalable, reliable, and predictable offer relief to financial institutions that rely on inefficient and error-prone manual management methods.1
70%
Believe regulators’ focus on compliance will increase in the next one to three years
67%
Plan to use technology and automation to overhaul their compliance functions
9%
Only 9% have completed a compliance policy simplification project, while 95% indicate they have or will undertake this effort
1 Source: The Compliance Journey: Summary of KPMG CCO Survey Results, 2021
LaserPro is Finastra’s compliance centerpiece
LaserPro is trusted by nearly 3,200 community financial institutions nationwide and produces over 6 million closing documents annually that comply with all state and Federal requirements. LaserPro enables financial institutions to generate, document, and compliance test all types of loans, including commercial, consumer, and mortgage. Whether simple or complex, transactions all follow the same easy to use workflow with interwoven compliance capabilities that include dynamic warnings to alert lenders of federal or state compliance requirements.
Pick a state! Any state! Finastra offers U.S. depository institutions up to a $5 million warranty that LaserPro document packages comply with applicable federal and state laws.* Take comfort in knowing that this compliance is achieved and maintained by internal compliance attorneys and experts backed by a team of external attorneys in all 50 states. You're just a click away from compliant loan documents tailored to your specific loan product or transaction.
* Subject to warranty terms and conditions
Nationwide warranty
Valid in all 50 states, Guam, and the District of Columbia
Available wherever you need it
On prem or in the cloud, we have you covered
Provide a superior borrower experience
Fewer compliance and data entry mistakes means satisfied… and repeat… customers
Focus on the future
Unleash growth by redeploying resources formerly devoted to manual and error-prone compliance management responsibilities
Compliance certainty is at the forefront of every retail banking solution Finastra develops
Finastra’s suite of retail lending products is designed to provide integrated risk and compliance management capabilities that empower your team to make better decisions while providing an optimal experience for your borrowers and depositors.
An example of Finastra’s commitment is the integration of Finastra’s 1071 and Originate solutions, which intuitively automates the process of identifying applicants who are subject to 1071 and begins the data collection process. The solution leverages Originate’s best-in-class digital application experience and provides firewall protections mandated by the Section 1071 rule.
Beyond LaserPro, Finastra’s suite of compliant lending solutions includes:
DecisionPro
Highly flexible and scalable consumer loan underwriting system enabling optimized decision quality, operational efficiency, policy adherence, closing processes, and regulatory compliance.
CreditQuest
The complete streamlined credit risk management solution, from portfolio management to underwriting and reporting.
Originate
Designed for the digital age, Finastra Originate offers a consolidated and compliant platform for loan, mortgage, and deposit account applications.
Compliance Reporter
Trusted by over 1,000 financial institutions to aggregate, clean and export HMDA and CRA-mandated data. Soon to also provide portfolio reporting through the DFA 1071 Small Business Data Collection module.
Compliance Management
Finastra’s compliance management system automatically captures, interprets and stores new regulatory requirements, delivering fast and accurate risk assessments, monitoring, and reporting.
Mortgagebot
Fusion MortgagebotLOS — part of the end-to-end Mortgagebot lending platform from Finastra — is an-all-in one secure loan origination system that securely and compliantly supports retail, wholesale and correspondent mortgage lending.
Data Insights
Designed to support Originate, Originate Mortgagebot, MortgagebotLOS, and other Finastra services, this suite of solutions provides a deeper look into how your portfolios are evolving in order to drive growth strategies broadly and for underserved communities.
Learn more about:
Dodd-Frank 1071 small business lending rule: will your financial institution be ready?
The 1071 small business lending rule is designed to address lending disparities, identify business and community development needs, and encourage lending opportunities for women-owned, LGBTQI+-owned, and minority-owned all businesses. Collected data will help regulators and policymakers better understand the lending landscape, identify patterns of discrimination, and develop strategies to promote financial inclusion.
Finastra has launched a solution that helps community financial institutions comply with the record-keeping and reporting requirements, the Compliance Reporter Small Business Data Collection module. Learn about the rule, when and how it may impact your institution, and how we can work together to navigate its complicated provisions.
Compliance resources library
Solutions
Finastra Compliance Management (Factsheet)
Finastra Compliance Management Enterprise (Factsheet)
Finastra Compliance Management (Infographic)
Navigating today's regulatory landscape: Unleashing operational excellence for financial institutions
Fusion LaserPro Solution Video
How technology is revolutionizing retail lending compliance
Why Finastra?
Trust
Used by over 8,000 financial institutions globally
Connectivity
Delivering a suite of end-to-end lending solutions
Compliance guaranteed
LaserPro provides up to a $5 million warranty that its loan documents are compliant with regulations in all 50 states, Guam, and the District of Columbia
Scale
Built-in flexibility that grows with your business
Solutions geared to support your growth
Solutions
Finastra’s suite of compliant solutions can increase your efficiency, lower your costs, and enhance process controls