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U.S. State Financial Regulator

US State bolsters consumer protection and economic growth

U.S. State Financial Regulator logo

Financial regulation departments develop applications for faster, cost effective licensing with OpenText™ AppWorks™

Using OpenText AppWorks, we now have a shorter licensing turnaround time.

Cross-agency Application Development Director, US State Financial Regulator

Challenge

  • Need to stramline operations to minimize expenses
  • Previous structure lacked back-ups when needed

Product(s)

Value

  • Accelerated the licensing process and improved productivity for internal and external users with new portal
  • Reduced expenses by consolidating application development onto a single platform
  • Promoted uptime for all critical applications with a lean development team trained on the same system

About U.S. State Financial Regulator

For the State, the Banking and Securities Department regulates and licenses traditional and non-traditional financial companies, adapting to changes in the market including the rise of fintech services, internet-based money transmitters and digital-first insurers.