Wiz Suite, from Wolters Kluwer, is a regulatory compliance platform for financial institutions. The software supports data management, analysis, monitoring, and reporting for the Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), Fair Lending, Community Development, and Section 1071 compliance programs.

Key Capabilities

Regulatory Data Management: Supports the collection and preparation of data required for compliance monitoring and regulatory submissions.
Compliance Analytics: Analyzes lending and community development data to identify potential risks, reporting issues, and areas requiring further review.
Fair Lending Monitoring: Helps compliance teams evaluate lending activity for potential disparities and document related analyses.
Regulatory Reporting: Supports reporting workflows associated with CRA, HMDA, and Section 1071 requirements.
Examination Preparation: Centralizes compliance data and analysis to help institutions prepare documentation for regulatory examinations.
Workflow Automation: Automates portions of data collection, validation, monitoring, and reporting to reduce manual compliance tasks.

Audience & Use Cases

Audience: Compliance officers, fair lending analysts, risk managers, community development teams, and financial institution executives.
Use Case: Financial institutions can use Wiz Suite to manage recurring compliance obligations, monitor lending activity, prepare regulatory reports, and assemble supporting materials for examinations.

Technical Specifications

Supported Programs: CRA, HMDA, Fair Lending, Community Development, and Section 1071
Core Functions: Data collection, validation, analysis, monitoring, reporting, and examination preparation
Industry Focus: Banks, credit unions, mortgage lenders, and other regulated financial institutions

Wiz Suite

What is Wiz Suite?

Categories & Use Cases

Wiz Suite Alternatives