For consumer finance companies, ensuring regulatory and brand compliance across the web is critical. Yet, achieving comprehensive compliance is impossible with just manual review.
Manual review is time-consuming, tedious, and prone to human error. And, not only do you have to review and monitor the pages you know about, but what about the thousands of other pages mentioning your brand and products that you don’t know about?
PerformLine’s Web Monitoring solution allows consumer finance companies to monitor known pages and discover unknown brand placements across the web and streamline the compliance monitoring processes at scale, thus reducing risk, increasing efficiency, and providing significant cost savings.
Here’s why leading organizations use PerformLine’s Web Monitoring for compliance—and why you should, too.
The Importance of Monitoring Across the Web for Compliance
The internet is like the wild wild west—you never know who’s mentioning or promoting your brand or what they’re saying. Whether intentional or not, any misleading or deceptive information put out by third parties can be damaging to your brand and harm consumers.
Monitoring the web for regulatory and brand compliance can help consumer finance companies:
- Ensure compliance with regulations including Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), fair lending laws, and other industry-specific guidelines
- Discover unknown brand mentions to ensure that products and services are being promoted accurately and compliantly, everywhere they appear
- Mitigate risk by identifying and remediating potential compliance issues before they become larger problems
- Safeguard brand reputation by proactively identifying and addressing any misleading or non-compliant content associated with your brand to protect consumers
- Avoid enforcement actions and costly fines by ensuring that partners, affiliates, and other third parties adhere to regulations and brand guidelines
- Builds consumer trust by ensuring that consumer protection laws are being followed and consumers are being treated fairly
Using PerformLine’s Web Monitoring for Compliance
With PerformLine’s Web Monitoring solution, consumer finance companies can automatically monitor the web to discover, identify, and remediate potential compliance issues at scale.
PerformLine’s Web Monitoring provides consumer finance companies with:
- Automated discovery: Find and monitor your brand everywhere it appears across the web—even the places you don’t know about—for complete coverage and compliance protection
- Daily monitoring and real-time alerts: Monitor and review pages every day to get real-time alerts on high-impact potential compliance violations that require immediate review or remediation
- Regulatory compliance rulebooks: Utilize turn-key rulebooks built on regulatory expertise and years of experience to monitor against to identify potential compliance issues
- Efficient remediation and progress tracking: Send templated remediation notices directly to necessary individuals, enabling swift action and documentation of potential violations
- Centralized workflow: Easily track activities across internal departments and external partners in one place
- Documentation and archival for audits: Get a complete history of discovery through remediation to use for any audit situation
- Business intelligence reporting: Get detailed reporting to track compliance performance over time and identify areas for improvement
- Regulatory expertise: Our team includes experts who stay up-to-date on the latest compliance requirements and can help consumer finance companies ensure compliance
How one company used PerformLine to 10x their compliance coverage across the web
Since starting with PerformLine, this client has been able to increase their compliance coverage by 10x, gaining complete visibility into over 10,000 web pages that mention their brand.
With PerformLine, this client achieved:
- Complete coverage and visibility into their brand presence across the web—including thousands of previously unknown websites—to ensure compliance with regulatory and brand requirements
- Improved partnerships and decreased risk by prioritizing their most compliant partners and cutting ties with least compliant partners
- Strengthened brand and customer experience through comprehensive compliance coverage and improved partnerships
Get started with PerformLine’s Web Monitoring for compliance
Learn how you can streamline your compliance monitoring processes across the web at scale to reduce risk, increase efficiency, and save time and money with PerformLine. Request a demo today.