Costs of Compliance for Small to Mid-Size Banks

How Community and Local Banks Manage Costs while Improving Performance

Costs of compliance are an area of concern for banks of all sizes. There is a lot of research and information available about how the biggest banks deal with reigning in these costs. However, there needs to be a separate focus on small to mid-size banks and their costs of compliance challenges. While both big and small banks operate in the same financial sector, their resources, needs, and requirements are quite different.

This guide is focused on solutions for small to mid-sized banks looking to reign in the costs of compliance. It talks about the increasing compliance budgets and the reason they are increasing. This increase is then influencing the cost viability of compliance technology. We also look at how compliance professionals and managers can get the board to see the benefits of implementing a modern compliance solution while maintaining profitability.