Staying on Top of Changing Regulatory Environment Drives AFSA to Team with
*A leader in risk management, FIS provides solutions to more than 5,000
U.S. institutions to enhance their overall compliance programs and
*American Financial Services Association (AFSA) is the newest organization
to deploy FIS’ Regulatory University solution to enable its 350 member
companies to provide training on new regulations.
*FIS’ Enterprise Governance, Risk & Compliance (EGRC) solutions, including
the innovative Regulatory University, are leading products and services to
help financial services companies mitigate risk.
JACKSONVILLE, Fla. -- September 12, 2013
With the financial industry’s most robust set of risk and compliance
solutions, FIS™ (NYSE:FIS), the world’s largest provider of banking and
payments technology, continues to provide companies complete solutions to
understand current and upcoming regulations as well as enhance compliance and
mitigate risk across their organizations.
FIS provides Enterprise Governance, Risk & Compliance (EGRC) solutions to more
than 5,000 financial institutions across the country, using
best-practices-based modeling that ensures enterprise risk management and
regulatory compliance proficiencies now and in the future. Its combination of
more than 150 risk management experts across all areas of risk and proven
tools – such as Regulatory University – have made it a highly trusted resource
for financial institutions as well as regulatory agencies, who provide
examiner training relying on FIS’ experts and solutions.
A top financial services trade association in Washington, D.C., American
Financial Services Association (AFSA), has selected FIS’ Regulatory University
as its member-company compliance training solution. The e-learning solution,
which will be branded as AFSA University for the association’s members, will
ensure ongoing compliance with laws and regulations, and help mitigate
non-compliance risks for AFSA members.
“Staying on top of constantly changing laws and regulations is a costly
challenge for financial services companies,” said Sai Huda, VP & GM, EGRC
Solutions, FIS. “We are honored to have been selected by AFSA and excited to
partner together to provide an innovative industry leading solution to AFSA
members to enhance risk management.”
Additional benefits to AFSA members include the ability to tailor AFSA’s white
labeled program, AFSA University, to fit the needs of any financial services
company and to access it anywhere, anytime. By improving compliance
performance, it also allows companies to save time and money.
“Given the new regulatory landscape, it is important for AFSA member companies
to have a compliance training program on federal laws that apply to their
lines of business,” said Chris Stinebert, AFSA President & CEO. “We undertook
a detailed search and review before selecting a compliance training program
for AFSA members, and chose FIS because of its subject matter expertise,
industry reputation, and great eLearning training.”
FIS’ robust risk assessment software, best-in-class eLearning and
instructor-led training, expert regulatory compliance/risk management
consulting and outsourcing services are designed to keep its more than 5,000
U.S. financial institution clients ahead of the regulatory curve. Its
comprehensive suite of software solutions, including Early Risk Manager,
Compliance Risk Indicator, Prime AML, CallReporter and more – enable
institutions of all sizes to mitigate risk across the enterprise.
Based in Washington, D.C., AFSA is the national trade association for the
consumer credit industry, protecting access to credit and consumer choice. Its
350 members include consumer and commercial finance companies, auto
finance/leasing companies, mortgage lenders, payment card issuers, industrial
banks and industry suppliers.
FIS (NYSE:FIS) is the world’s largest global provider dedicated to banking and
payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 100
countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a
member of Standard & Poor’s 500^® Index. For more information about FIS, visit
Kim Snider, 904.438.6278
FIS Global Marketing and Communications
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
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