Magazine article American Banker

Network Controls Making a Push to Sell More Software to U.S. Banks

Magazine article American Banker

Network Controls Making a Push to Sell More Software to U.S. Banks

Article excerpt

Network Controls International offers customized software that automates compliance issues ranging from lending disclosures to timely check clearing.

NCI sells its software to 200 banks around the world from its headquarters in Charlotte, N.C. But the company is going after more U.S. institutions. Last week, NCI signed a deal to install its best-selling product in 610 branches of National City Corp., Cleveland.

that best-seller also was just sold to $3.9 billion asset-sized Federal Savings and Loan, Topka, Kan.

NCI's branch automation software, called Banc-Mgr, creates a computer record of all bank transactions that a branch manager, auditor, or examiner can check for compliance.

"You have a complete electronic journal," Per Olof Ezelius, NCI's president, explained in an interview. "You can scan and quickly find information. Anything you have processed is at your fingertips."

Embedded in the software are applications -- customized for each client -- that help banks obey rules from Truth in Lending and the Bank Secrecy Act to the Expedited Funds Availability Act.

The software produces records of bank disclosures and lending patterns and reminds bankers of the rules when they input information.

"If you have a good system, it will take care of any requirements you have," Mr. Ezelius said.

While some bankers would argue that compliance is not so simple, Mr. Ezelius said he works with every customer to create a program that builds compliance with banking rules into the general course of business. …

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