Fair Lending Compliance Reporting Solution

Fair Lending Compliance Reporting Solution

HEXANIKA Fair Lending Solution: SmartReg

HEXANIKA’s SMARTREG Fair Lending Solution is a unique cloud-based SaaS solution that automates compliance with the Equal Credit Opportunity Act and the Fair Housing Act. The solution brings simplicity, smartness and efficiency to an ever-changing regulatory compliance environment while providing 100% easy audibility to regulators.

HEXANIKA will take the compliance burden from you, reduce more than 50% compliance cost and help you focus on your customers. 

Challenges faced by financial institutions:

  • Changes in credit evaluation processes
  • Changing credit application patterns and data
  • Technology changes
  • Constant changes in regulatory expectations

Solution benefits:

  • 40% Compliance savings
  • 40% Faster reporting
  • 60% Resource savings
  • 100% Data lineage

Beneficiaries of the offer: Banks, Credits Unions, Community Banks