safeguard documents containing sensitive demographic data

Alogent Introduces Enhanced AccuAccount Features to Strengthen Loan Document Management Compliance, Aligned with Dodd-Frank Act Standards for Demographic Data Protection

Alogent announced the release of AccuAccount v24.0, inclusive of new features that ensure compliance with the Equal Credit Opportunity Act, Section 1071 of the Dodd-Frank Act. These enhancements enable banks and credit unions to safeguard documents containing sensitive demographic data from users involved in lending decisions, promoting fairness and impartiality in the lending process.

“Alogent’s commitment to our clients' success goes hand-in-hand with our dedication to upholding the highest standards of compliance,” said Dede Wakefield, Alogent CEO. “With AccuAccount’s enhanced features, we offer financial institutions the tools they need to seamlessly navigate regulatory requirements, while maintaining robust loan and document management processes, and safeguarding the confidentiality of demographic data."

Alogent's comprehensive suite of process automation solutions, which includes AccuAccount and FASTdocs, seamlessly aligns with the upcoming Dodd-Frank requirements set to take effect in October 2024. By enhancing operational efficiency and streamlining paper-based processes, AccuAccount and FASTdocs empower financial institutions to succeed in an evolving regulatory landscape.

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