CLEARWATER, Florida and ELIZABETHTOWN, Kentucky – In our continued hands-on approach with our one purpose in mind – helping our financial institution clients find solutions that fulfill their needs and compliment their resources – we are pleased to announce a new partnership agreement with Digital Compliance and BankSmart. Through the partnership, BankSmart clients will be introduced to Venminder, Digital Compliance’s dynamic, online vendor management solution for compliance documentation, contract management and guided exam report preparation. An artful blend of cloud-hosted software and outsourced services, Venminder fits like a glove for community banks of all shapes and sizes.
“We are regularly asked about vendor management services, and although BankSmart fulfills a portion of that process, we did not have an end-to-end solution that was functional, easy to use, and addressed regulatory requirements. When we saw Venminder and the services provided by Digital Compliance, we knew it was a natural fit for our clients.” remarked Jim Wilkson, President of BankSmart.
“Vendor management is top-of-mind for most banks due to the increased regulatory scrutiny. However, what many bank executives are now learning is that when done right, a good vendor management discipline will actually save the bank money while pleasing examiners,” said Digital Compliance President/CEO Kelli Schultz. “BankSmart clients know the value of leveraging the deep experience Jim and his team brings to the table. Venminder gives BankSmart banks one more way to harness the power of smart decisions.”
Together, BankSmart and Digital Compliance are committed to the values brought by a strong vendor management program to run a healthier financial institution.
About Venminder powered by Digital Compliance
Founded by the same team that founded the online bill payment company, iPay Technologies, Venminder is an artful blend of software and outsourced services. Smart workflows help you manage your contracts, risk rate your vendors, prepare for exams and much more. Services fill the gaps when you don’t have the resources to do the heavy lifting with your own team. For more information, visit www.digitalcomply.com.
About BankSmart
BankSmart was founded by bankers with the sole objective of assisting financial institutions with significant functional projects while creating efficiencies and saving the bank money! With a core staff of seasoned banking and consulting professionals, BankSmart specializes in vendor evaluation and selection, contract negotiation, and debit and credit card consulting services. In addition, BankSmart’s unique project management “SmartKit” tools offer banks the ability to manage their own bank and branch acquisitions, failed bank assumptions, and new branch openings for less money than traditional full service consulting. For more information, visit www.BankSmartUSA.com.
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