| Program Benefits | Program Contacts |
Self-Registration now Available! Learn more.
Confirmation.com, an Inc. 500 business, is the world's largest processor of electronic audit confirmations. As a FREE service for financial institutions, Confirmation.com is an online solution that simplifies audit confirmation and credit inquiry requests. For audit confirmation requests, Confimation.com streamlines confirmation workflow, centralizes responses, and archives responses electronically. This award-winning solution allows your bank to control the audit confirmation process end-to-end by making sure the responses are received from and sent to an authorized requestor (i.e., CPA firm) and that only the properly designated bank personnel respond to confirmation requests. To do this, Confirmation.com uses a unique Authentication and Authorization process to verify the authenticity of each user.
Confirmation.com Article
In the Forbes article, Scamming The Auditors Is As Simple As Cut and Paste, Confirmation.com founder Brian Fox shows how easy it is to scam auditors by directing them to fake Web sites. Confirmation.com reduces the opportunity for this type of fraud through a process that offers more control of the audit confirmation process. More. |
Your bank can staff appropriately for busy season using the Future-Dated™ feature that allows you to see how many confirmations are in the queue for a particular day.
Confirmation.com can be used to respond to a wide variety of audit confirmations including:
- Cash
- Debt
- Alternative Investment
- Bond Issue
- Commercial Real Estate
- Derivatives
- Escrow Account
- Letter of Credit
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- Line of Credit
- Money Market Fund
- Mortgage Debt
- Pension Plan Assets
- Safe Deposit
- Securities
- Time Deposit
- and more
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Confirmation.com also automates credit inquiry requests for your commercial clients. Instead of processing faxed requests, your bank can receive and respond to credit inquiry requests directly from a desktop, letting you respond to requests faster and more efficiently than ever before. Since the service is delivered over the Internet, no hardware or software is needed – and registration takes less than 5 minutes. Register today at Confirmation.com.
BACKGROUND
Financial institutions face a variety of challenges including increased regulatory requirements, added pressure to reduce costs, and finding ways to improve operational efficiency – all while increasing client acquisition and retention. At the same time, responding to audit confirmation and credit inquiry requests is extremely manual, inefficient and increases a bank's level of risk.
Confirmation.com automates audit confirmation and credit inquiry processes allowing banks to comply with regulatory standards, increase productivity, and reduce costs.
PROGRAM BENEFITS
- No costs!
- Easy to use
- Enables quick responses
- Improves productivity
- Increases client retention
- Cloud-based service – no hardware or software required
- Supports your Green initiatives
- Quick self-registration
PROGRAM CONTACTS
Capital Confirmation, Inc.
214 Centerview Drive, Suite 265
Brentwood, TN 37027
Contact: Dave Malone Tel: (888) 716-3577
Email: Dave.malone@confirmation.com
Website: www.confirmation.com/solutions/banks.aspx
Twitter: @CConfirmation
CAB CONTACT PERSON
Kimberly Smith (202) 663-7516
E-mail: ksmith@aba.com
Robin Gordon (202) 663-5128
E-mail: rgordon@aba.com