Software Earnings’ FFIEC Compliance Reporting Engine Provides Reporting Functionality

Software Earnings announced the installations of their FFIEC Compliance Reporting Engine product at three banks in the Southeastern US which adds to their ever growing list of customers. FFIEC Compliance Reporting Engine will provide these banks the additional data collecting tools necessary for reporting, tracking, and analyzing multiple risk patterns from their RDC processes.

Superior Bank, Alabama; First Commercial Bank, Florida; and United Southern Bank, Florida, are running the Software Earnings solution in full production today. These three community banks have also deployed Software Earnings’ First Touch iCapture Remote Deposit Capture solution for their customers. Current Remote Deposit Capture software throughout the industry has a large product-gap. It is missing reporting functionality to stay in accordance with the FFIEC [“Risk Management of Remote Deposit Capture” guidelines. Financial institutions must be able to prepare specific reports during examination periods for their RDC customers and deposits. With Software Earnings’ FFIEC Compliance Reporting Engine product, financial institutions will be ready and compliant for 2010 audits. Software Earnings’ FFIEC Compliance Reporting Engine provides financial institutions with a system to quickly and accurately pull-together reports based on data gathered from their remote deposit capture deposits. FFIEC Compliance Reporting Engine is designed to co-exist with any remote deposit capture product on the market today. The system provides multiple-layer reporting functionality for remote deposit capture data that is both growth-centric and flexible.

“Software Earnings is our remote deposit capture vendor. Installation was fast and non-intrusive when we added FFIEC Compliance Reporting Engine. We needed a reporting system specifically aimed at our RDC activity. With the Compliance Reporting Engine, we have the capacity to develop the reports we need to be ready for our 2010 RDC examinations,” claims Jordan Hawkins, commercial banking officer of United Southern Bank.