FFIEC News

Kaulkin Information Systems Integrates LaserApp into KIS Track Compliance Technologies for Financial Services

(Dec 11, 2007)-- Kaulkin Information Systems (KIS), provider of software-as-a-service (SaaS) technologies for financial services and other industries, today announced integration of automated form filling technologies from LaserApp into the KIS Track compliance and risk management computing platform.

The LaserApp-enabled KIS Track platform has been available to existing KIS Track customers since August 1 and, as of today, is now also offered under General Availability to non-existing KIS customers either directly from KIS and LaserApp or through their communities of distributors and channel partners.

“The holy grail for broker-dealers is a concept called ‘straight-through-processing’ and LaserApp is on the frontline of that battle-scape daily by assisting broker-dealers in capturing accurate customer and transaction data as early in the sales application process as possible,” stated Michael P. Binko, CEO and president of Kaulkin Information Systems. “While macro industry issues continue to make the straight-through concept a challenge to implement, the integration of KIS Track with LaserApp proves that steps forward are being made and moves our customers much further along that path,” Binko added.

The combined solution fuses LaserApp’s automated “check and app” form filling software and LaserApp’s ability to link with virtually any customer relationship management (CRM) system with the KIS SaaS-based document management, archiving, compliance, risk mitigation, workflow and business process management tools. The result is an affordable, easy-to-implement, yet powerful Internet-based solution for fast-growing and technology savvy broker dealer firms and their field offices.

“The compliance and risk management benefits of the KIS Track platform are enhanced by the fact that the KIS delivery model is SaaS and that they have created their data management architecture in such a way that integration with third-party offerings such as ours is truly seamless and without hits to performance,” stated Robert Powell, director of Marketing for LaserApp. “In addition, by having LaserApp data archived in the KIS Track TrackFile™ back-end database, any word or phrase becomes full-text searchable even in scanned files or attachments. The ROI value of this capability is particularly evident in instances of compliance audit or review some time after a securities-related order has been processed,” continued Powell.

Moving well beyond enterprise productivity, data management and simple compliance, the KIS Track platform incorporates support for business process management (BPM), supervisory procedures, workflow, detailed reporting, communication surveillance, disaster recovery, business continuity, integration with legacy systems, sophisticated archive/retrieval functions and electronic check-processing and transactions.

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