Core and system conversions present compliance risks related to data mapping, documentation management, disclosure timing, workflow changes, and reporting logic. TCA validates conversion execution from a compliance perspective to reduce downstream deficiencies and examiner findings.
We help financial institutions ensure accuracy, consistency, and compliance during system conversions by validating data, models, and outputs so risk is minimized and confidence is maintained throughout transition periods.
Validation Scope
Reviews may evaluate:
- Data mapping and field transformation
- Disclosure templates and timing
- Exception tracking logic
- Workflow alignment
- Reporting and system outputs
- Role permissions and access
- Retention and audit trail functionality
Pre- & Post-Conversion Testing
TCA supports institutions:
- Before conversion (readiness and risk mapping)
- During conversion (controls and testing)
- After conversion (validation and adjustment)
Why It Matters
System conversions influence:
- Lending workflows
- Pricing and underwriting
- Regulatory reporting
- Audit processes
- Data integrity
Additional Fair Lending Topics
Submit Comments to CRA Modernization Initiative
Several staff members of Thomas Compliance Associates (TCA) attended the recent CRA & Fair Lending Colloquium and obtained valuable information from the sessions. One theme that stood out and presenters stressed was that bankers can help shape the re-write of the Community Reinvestment Act (CRA) regulation. The Office of the Comptroller of the Currency (OCC) […]
- « Previous
- 1
- …
- 3
- 4
- 5
