Industries: Financial Services

Build stronger institutional practices, credibility and customer relationships

The financial services and banking sectors are facing the most tumultuous changes affecting their business and operations in 80 years. Global stress in banking and finance is forcing dramatic changes in operating practices and accountability as the sector becomes subject to stringent re-regulation internationally.

Moreover, consumer confidence must be restored through more transparent reporting, greater operating discipline and the ability to demonstrate responsible use of public subsidies, loans and assistance. And in an era marked by insolvency, finance institutions that remain strong through responsible investment and lending practices will realize competitive advantage worth promoting.

Strategies, policies and practices necessary for responsible, profitable growth are now paramount and the speed with which institutions can navigate treacherous conditions to drive renewed profitable growth and restore both depositor and investor faith will be accelerated by TeamConnect collaborative solutions that allow you to:

• Broaden and improve review of loans and clients.
• Unify incoming streams of information about regulatory changes, both imminent and under consideration, and be sure they are distributed to everyone pertinent.
• Distribute, train-on and enforce consistent procedures.
• Automate workflow for documents handling, approvals and compliance certifications.
• Ensure comprehensive accumulation of corporate data and investigatory integrity.
• Provide proof of conduct and faithfully reconstruct the information state for a prior point in time in disputes or “what-went-wrong” investigations.
• Have on-hand credible event forensics to maintain confidence in your institution’s integrity in the face of mounting turbulence and re-regulation.

TeamConnect combines the collaborative workflow and contributor participation with procedure enforcement and data recall necessary to function effectively in a stringent oversight environment. Further, financial organizations even in the best of times must guard against evolving business and security threats, from high-risk products and employees to international crime and terrorist organizations. Anticipating threats and building flexible responses into your practices without interfering with customer satisfaction and corporate budgetary goals is yet another collaborative challenge with high accountability requirements that benefits from TeamConnect.

How TeamConnect helps

Mitratech’s TeamConnect solutions allow financial institutions to analyze and control legal and GRC risks by delivering actionable information. Using TeamConnect, Mitratech clients proactively comply with internal policies, external regulations, and government mandates. They gain visibility into incidents of money laundering, prevent and reduce fraud, and report suspicious activities with full transparency.

TeamConnect allows internal departments to collaborate on a comprehensive risk management strategy with full visibility into:

Legal: Bankruptcy & Finance; Lender Liability; Consumer Class Action; Securities Litigation; Intellectual Property; Mergers & Acquisitions; Credit Agreements; Debt-Equity Exchange Agreements; Guaranties; Indentures; Loan Agreements; Security Agreements; Warrant Agreements; Tax; Employment; Advice & Counsel

GRC: Anti-Money Laundering (AML) Provisions; Bank Secrecy Act (BSA); U.S. Patriot Act; Office of Foreign Assets Control (OFAC) & Customer Due Diligence; Sarbanes-Oxley (SOX); Basel II; Gramm-Leach-Bliley (GLBA) Act; Equal Credit Opportunity Act; 351d; U4/U5; SEC & NASD Filings; Suspicious Activity Reports (SAR)

Back to top