ActiveComply, a Florida-based provider of cloud-based regulatory compliance solutions, has launched Remote Office Inspection.
When deploying remote workers, the digital service helps businesses document compliance with agency rules as well as state and federal laws by utilizing the most recent encryption technology.
While many banks, mortgage lenders, credit unions, and investment banking businesses permit staff to work from home or a remote office, they continue to be bound by strict industry norms and regulations, making compliance challenging to manage remotely.
For instance, the U.S. Department of Housing and Urban Development (HUD) mandates lenders to adhere to specific regulations regarding the protection of Federal Housing Administration loan files, making it challenging for employers to demonstrate that they have followed all applicable laws, according to ActiveComply.
In order to avoid incurring additional costs, Remote Office Inspection contains a customizable survey that enables firms to remotely check branch offices to make sure they have the right signage, business licenses displayed, and enough security. The survey features can also be customized to demonstrate the compliance of remote workers.
“When it comes to consumer privacy, the same rules apply whether an employee is working from their company’s headquarters or their living room couch. Given the recent increase in privacy violations and data breaches, some of which resulted in regulatory enforcement and multi-million-dollar class action settlements, ensuring that remote offices and employees do not create liability is a sound strategy.” Rob Nunziata, ActiveComply
According to ActiveComply, Remote Office Inspection uses GPS location monitoring as well as on-site image and video captures supplied through a user-friendly virtual evaluation to make sure a company’s remote employees and branches are complying with specific state remote office standards.
Companies can on demand prove their compliance and check the network quality of a branch or employee’s office.
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