FINBOA celebrates the recent acquisition of their fiftieth customer. Oconee Federal Savings and Loan will join a growing number of community banks nationwide who have chosen FINBOA to transform the management of Reg E compliance.
FINBOA partners with financial institutions to reduce compliance cost and reputation risk through digital process automation. The modular design of FINBOA SaaS solutions uniquely enables customers to select and rapidly implement targeted functional components, as needed.
By utilizing the FINBOA Reg E solution, customers have experienced the following outcomes:
- Claim processing times reduced by 90%
- Chargebacks reduced by 40% and Losses by 20%
- Audit preparation times reduced by 80%
FINBOA simplifies compliance, helping their customers achieve targeted business outcomes and peace of mind. "The FINBOA team is knowledgeable of Reg E procedures and has created a product exceeding our expectations. FINBOA has saved our bank time, money, reduced errors to a minimum. Thank you FINBOA for all the help and knowledge we have received.” – Tanja Marlow, Metro Bank.
