Arteria AI & Compliance Systems partner to boost digital documentation process
By Delisha Fernandes
Arteria AI, a digital documentation infrastructure, announced its strategic partnership with Compliance Systems, a provider of dynamic compliance documentation.
With this partnership, the same cutting-edge technology that has been so transformational for the industry’s largest banks will now be accessible to community banks and credit unions, regardless of the asset class.
Compliance Systems is trusted by hundreds of institutions across the US to help them meet their documentation compliance and legal needs while mitigating risk and redundancies. The two leading FinTech companies bring an innovative product built and tested for the largest and most innovative institutions to the broader banking market.
“Partnering with Arteria AI in this capacity will allow institutions to leverage Compliance Systems’ compliant transaction content in a fully contained software ecosystem throughout the negotiation process with debtors and their counsel,” said Chris Appie, President of Compliance Systems.
“This is particularly important and valuable to commercial lenders. Further, the partnership and combined integration solve a big void in the marketplace the ability to negotiate content and preserve the integrity of the underlying compliance warranty, and this luxury does not exist elsewhere in the market.”
“We are excited to partner with Compliance Systems to offer this transformational solution and address today’s documentation challenges and needs,” said Shelby Austin, Co-founder and CEO of Arteria AI. “For community financial institutions, so many critical business activities are driven by documents and the data within them, but often the most powerful solutions have been out of reach. With this new offering, we can help community banks and credit unions level the playing field with fast, intelligent document processing capabilities that streamline operations and reduce inefficiencies, giving better insights and enhancing compliance and the documentation experience.”
IBSi Daily News Analysis
January 16, 2024
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