Ncontracts Unveils New Compliance Book to Empower Institutions
Ncontracts Unveils Groundbreaking Book on Compliance
Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions for the financial services industry, is excited to announce the launch of a new book titled The Upside of Compliance: Empowering Financial Institutions to Thrive. Authored by Stephanie Lyon, Ncontracts’ VP of Compliance, and Michael Berman, the founder and CEO, this book marks the second entry in Ncontracts' enlightening The Upside Series: Strategic Success for Financial Institutions.
A New Perspective on Compliance
Rethinking Compliance as an Asset
This significant work examines compliance not just as a regulatory obligation but as a vital, strategic asset that can stimulate growth, build trust, and grant financial institutions a sustainable competitive advantage. With insights that challenge the traditional burdensome view of compliance, Lyon and Berman aim to empower executives and compliance professionals alike.
Previous Works and Continuity
The narrative builds upon the foundations laid out in Berman's earlier publication, The Upside of Risk: Turning Complex Burdens into Strategic Advantages for Financial Institutions. Published in 2021, Berman’s first book explored the intricate relationship between risk management and strategic planning, paving the way for this next pivotal discussion on compliance.
Guidance from Industry Leaders
The foreword of The Upside of Compliance features praise from the Honorable Kathleen L. Kraninger, current President and CEO of the Florida Bankers Association and former Director of the Consumer Financial Protection Bureau. She notes, “The Upside of Compliance is an excellent, practical resource for taking a strategic approach to compliance. The authors provide a roadmap for quantifying the benefits of a culture of compliance.”
Transformative Insights for Financial Institutions
Lyon highlights a vital transformation in mindset, stating, “Compliance has often been seen as a mere box-checking exercise that drains resources. However, we argue that it is a hidden superpower capable of unlocking significant benefits for financial institutions.” This essential insight positions compliance as a crucial element of strategic advantage rather than as a hindrance.
Lessons Learned and Shared Experiences
The journey of developing this book has been deeply rewarding for both Lyon and Berman. Lyon expresses her gratitude towards the Ncontracts team, emphasizing their collective wisdom in shaping the content. Their combined decades of experience in compliance and risk management lay the groundwork for practical, actionable advice tailored to financial institutions.
Creating Effective Compliance Programs
Throughout the pages, Lyon and Berman provide a blueprint for establishing a compliance program that not only protects an institution’s integrity but also enhances its operational performance. They focus on creating a strategic compliance program that delivers tangible value and contributes to organizational objectives.
A Call to Action for Compliance Professionals
Berman summarizes the intention behind the book, stating, “We wrote this to share crucial insights we wish we had at the start of our compliance careers. Our objective is to assist compliance professionals in devising a program that is not only effective but strategically beneficial.” Their passion shines through as they express excitement about the value their insights will bring to readers.
Book Availability
The Upside of Compliance is readily accessible on Amazon, both in softcover and eBook formats. Furthermore, it will be featured at the forthcoming Ngage user conference, which is a great opportunity for attendees to engage with the authors and gain additional insights into their strategies.
About Ncontracts
Ncontracts is committed to aiding financial institutions in navigating the complex landscape of risk and compliance management. With a robust customer base of over 5,000 in the United States, Ncontracts combines innovative technology with dedicated support services. Their cloud-based solutions empower financial institutions to achieve their compliance and risk management goals effectively.
Frequently Asked Questions
What is the main focus of The Upside of Compliance?
The book emphasizes viewing compliance as a strategic asset that can drive growth and promote a culture of integrity in financial institutions.
Who are the authors of the book?
The book is authored by Stephanie Lyon, VP of Compliance at Ncontracts, and Michael Berman, the founder and CEO.
Where can I find The Upside of Compliance?
The book is available on Amazon, in both softcover and eBook formats.
What previous work is related to this book?
This book builds on the concepts discussed in Berman's earlier work, The Upside of Risk, which focuses on the interplay between risk management and strategic planning.
How does Ncontracts support compliance management?
Ncontracts offers integrated software for risk, vendor, and compliance management, helping institutions streamline their efforts in a user-friendly platform.
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