Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
ACH (Automated Clearing House) is an electronic payment network that enables banks, credit unions, businesses, and consumers to securely send and receive funds between accounts for transactions such as direct deposit, bill payments, recurring payments, and account transfers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
Agentic AI refers to artificial intelligence systems that can autonomously plan, reason, make decisions, and take action to achieve specific goals with limited human intervention.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Document Audit Logging

Document audit logging involves the systematic tracking of historical information through each document’s lifecycle. In banking, effective document audit logging is important for risk management, compliance, operations, training, and delivering person-centric experiences.

Using Technology to Track Document Changes

Maintaining a detailed log of document-specific activity is challenging in a paper-based environment. Simply tracking loan file and record movement between team members and branches involves considerable administrative effort, leaving less bandwidth for monitoring document-specific changes.

Modern technology opens the door to enhanced document audit logging, allowing financial institutions to move beyond traditional file management practices. Document imaging software should ideally monitor material changes at the document level and make it easy to quickly understand:

  • Actions Taken, such as the addition of pages, deletion of pages, renaming documents, or removing documents from a file
  • Dates and Times of changes that were made to specific documents
  • Document Names, such as a loan application, financial statement, or tax return
  • People and Businesses who are associated with documents, such as a commercial borrower or deposit account holder.
  • Names of Staff who made changes in the system.

Document Audit Logging in Action

AccuAccount, Alogent’s ECM solution that’s optimized for commercial lending, offers built-in document audit logging capabilities for banks and credit unions. With AccuAccount, banks and credit unions can reduce administrative effort while increasing visibility into:

  • How documents were added to the system (import, upload, etc.)
  • Current and previous names for renamed documents
  • Date and time stamps for purged documents
  • Comments that explain why a team member changed a document

Contact Alogent for a demo of our document audit logging features. Visit Innovation Hub for links to downloadable resources and more definitions for bankers.

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