BANK REGULATIONS

Regulatory considerations for US banks

Bank employees use the core deposit platforms and other systems to fulfill the regulatory requirements in the following areas:

  • AML/KYC

  • Consumer protection

  • Deposits and funds availability

  • Privacy

  • Outbound communication

  • Credit, overdraft origination

Below is a list of most important regulations banks and other players in the financial ecosystem must comply with:

Compliance with multiple regulations requires a well-developed configuration of systems and processes. AlphaMille helps integrate the critical capabilities of the core deposit platform vendors with the optional capabilities provided by either the core deposit platform or a third-party vendor with the banks capabilities.

The Regulatory Ecosystem =

Platform vendor critical capabilities + Vendor optional capabilities + Bank’s capabilities