Winston Salem, NC (Vocus) November 10, 2010
Winston-Salem (Vocus) November 10, 2010 -- Oakbrook Solutions announced today that it will be participating in a new $10 million contract awarded by the Office of the Comptroller of the Currency (OCC) to design and implement the agency’s Central Application Tracking System (CATS). The CATS project will automate the submission and processing of paper-based licensing and regulatory filings that U.S. commercial banks submit to the OCC.
The contract, which was awarded to REI Systems of Herndon, VA, includes design, development, implementation, operations and maintenance, change management and training, and technical support under a two-year period of performance. Oakbrook will also be working with its Business Process Management (BPM) partner, Appian Corporation. Appian will supply its award-winning BPM software suite and consulting services, while Oakbrook will provide key subject matter support in the areas of banking, change management, and training.
“Oakbrook Solutions is pleased to begin a new relationship with the OCC in support of their BPM efforts. The experience that we have gained in the field of BPM with our WealthWorx® product and our decade long history of managing change in the banking environment makes this project a natural fit for our core expertise,” said Tony Painter, Oakbrook Solutions CEO. “This project gives us the opportunity to work with our long-time partner in the BPM space, Appian Corporation, as well as more fully develop our new relationship in the area of Federal Government contracting with REI.”
About The Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks.
The OCC was established in 1863 as a bureau of the U.S. Department of the Treasury. The OCC is headed by the Comptroller, who is appointed by the President, with the advice and consent of the Senate, for a five-year term. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America.
The OCC's nationwide staff of examiners conducts on-site reviews of national banks and provides sustained supervision of bank operations. The agency issues rules, legal interpretations, and corporate decisions concerning banking, bank investments, bank community development activities, and other aspects of bank operations.
About Oakbrook Solutions
Since 1999 Oakbrook Solutions Inc. has been the leading systems, process, and delivery expert for the Wealth Management industry. We provide consulting services and software solutions that solve problems commonly faced within our industry. Through our focus, expertise and commitment to our clients, we have successfully serviced firms of all sizes, from start-up organizations to the world’s largest financial institutions. For more information, visit http://www.oakbrooksolutions.com.
About REI Systems, Inc.
REI Systems is a leading provider of web-enabled solutions, electronic performance support systems, and knowledge management tools for the Federal Government and the commercial and industrial sectors. Drawing upon our mission to deliver reliable, effective, and innovative solutions – the company works daily to solve complex homeland security, defense, health resources, criminal justice, and aeronautics issues. REI Systems’ support of these issues is strengthened by its results-driven approach and commitment to exceeding customer expectations. Since 1989, REI Systems has been serving major corporations and government at all levels. More than 300 employees serve these clients from offices based in the Washington, D.C. metropolitan area. For more information, visit http://www.reisys.com.
Appian is the global innovator in enterprise and on-demand business process management (BPM). Appian provides the fastest way to deploy robust processes, collapsing time to value for new process initiatives. Businesses and governments worldwide use Appian to accelerate process improvement and drive business performance. Appian empowers more than 2.5 million users from large Fortune 100 companies, to the mid-market and small businesses worldwide. Appian is headquartered in the Washington, D.C. region, with professional services and partners around the globe. For more information, visit http://www.appian.com.