LockPath Partners with BankPolicies.com to Improve Policy Management for Financial Services Companies
March 2017 by Marc Jacob
LockPath announced its partnership with BankPolicies.com, a provider of banking policies and procedures.
Through the partnership, LockPath and BankPolicies.com will give users access to thorough, comprehensive policies and the ability to quickly begin measuring an organization’s compliance posture in LockPath’s Keylight Platform. Organizations can utilize Keylight and the products from BankPolicies.com to identify and address any gaps in compliance against their policies. In this way, the partnership helps organizations efficiently achieve and demonstrate compliance.
As regulations grow more complex, customer compliance demands multiply, and the cost of noncompliance grows steeper, financial services institutions are pouring increasing resources into compliance. Solutions like Keylight and BankPolicies.com not only cut compliance and policy management costs dramatically, but also improve the accuracy and efficiency of compliance programs.
“BankPolicies.com is highly respected as a source for policies and procedures within the financial services industry,” said LockPath CEO and founder Chris Caldwell. “We’re excited to join efforts to ease the compliance burden for our customers.”
BankPolicies.com develops all its products internally by partnering with financial institution clients. The company constantly updates its policies and procedures to stay current in light of regulatory changes and industry best practices. Examples of policies available through BankPolicies.com include Acceptable Use, Bring Your Own Device, Business Continuity Plan, Cybersecurity, Incident Response and Preparedness, Vendor Management Program, and numerous regulatory-specific policy templates.
“The relationship we formed with LockPath further demonstrates our commitment to providing our clients with industry-leading and cost-effective document-based compliance solutions,” stated BankPolicies.com President and founder Brent L. Medovich. “The benefits of our products will be further enhanced by LockPath’s comprehensive state-of-the-art software-based compliance solution.”
LockPath’s flexible, scalable and fully integrated suite of applications are designed to manage all facets of compliance programs, including policy and procedure management, regulatory oversight and change management, and incident management.