Regional bank reduces compliance documentation time by fifty percent with YearlingIQ
A multi-branch regional community bank transformed their compliance evidence collection process, achieving dramatic efficiency improvements while strengthening their overall regulatory posture.
The Challenge
This regional community bank's compliance program relied on manual processes that consumed significant staff time during regulatory examination preparation periods.
The organization faced multiple compliance frameworks including GLBA, FFIEC, BSA/AML, and state-specific banking regulations. Evidence collection for annual regulatory examinations required 3-4 months of intensive preparation, pulling staff away from customer service and strategic banking initiatives.
Key Pain Points:
- Evidence scattered across core banking, risk management, and compliance systems
- No centralized view of exam readiness across the organization
- Manual documentation processes prone to gaps and inconsistencies
- Examination preparation disrupted normal banking operations
The Solution
YearlingIQ was implemented to automate compliance evidence collection and provide real-time visibility into the organization's regulatory posture.
The platform integrated with existing core banking systems, risk management tools, and HR databases to automatically collect and organize compliance evidence according to GLBA, FFIEC, and BSA/AML requirements.
Implementation Highlights:
Core Compliance Capabilities
YearlingIQ provided comprehensive compliance tracking and audit management capabilities specifically designed for regional banks facing multiple regulatory frameworks:
Regulatory Framework Tracking
Continuous monitoring of compliance requirements across GLBA, FFIEC, BSA/AML, and state banking regulations with automated mapping to organizational controls.
Evidence Collection and Organization
Automated gathering of compliance evidence from core banking systems, risk management tools, and operational databases, organized by regulatory requirement and examination period.
Audit Readiness Monitoring
Real-time dashboard showing compliance status across all branches, identifying gaps before examinations and maintaining continuous audit readiness.
Compliance Documentation Management
Centralized repository for policies, procedures, and compliance evidence with version control, automated workflows, and audit trail tracking for regulatory examinations.
The Results
The implementation delivered immediate and sustained improvements in compliance efficiency and regulatory visibility:
Beyond efficiency gains, the organization achieved better regulatory outcomes through continuous monitoring and early identification of compliance gaps. Staff could focus on customer service rather than manual examination preparation, while maintaining stronger regulatory compliance than ever before.
Implementation Timeline
Organization Profile
Key Technologies
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