Continuity Engine Changes Name to Continuity Control
Financial compliance solutions provider streamlines company name and product line to better reflect full scope of offerings
NEW HAVEN, Conn., Feb. 24, 2010 – Continuity Engine, the creator of an on-demand, Web-based software foundation for financial institution controls that automates the regulatory compliance process for community banks and credit unions throughout the United States, announced today that it has changed the company name as well as its flagship product name to Continuity Control™. As a company that offers an innovative approach for addressing compliance and financial controls, the new name better aligns with the vision of Continuity Control to create cost-effective compliance solutions that streamline, organize and manage policies, procedures and audit programs.
“The software foundation, Continuity Control (Control) organizes the work of compliance within a financial institution,” Andy Greenawalt, founder and CEO of Continuity Control, said. “This is a key element to addressing the issue of ever-increasing government oversight and reducing the amount of work, overall burden, resources and costs that add up to what we call the Compliance Tax™. Control features applications (APPs) that provide policies, tasks and assignments, so that annual oversight, periodic reviews and routine operational tasks get to the proper individuals at the right time. Putting this process in the hands of every employee at a community bank or credit union is part of the new approach that we offer and with the introduction of our new name, that level of ease-of-use and control will become even more apparent.”
Continuity Control is a Web-based, SaaS (Software as a Service) platform enabling users to have access to a wealth of industry-specific applications that simplify the work of compliance by breaking it down into a set of simple steps, automating each of those steps and delivering the necessary reports to assure a financial institution that their compliance needs are under control.
“You can think of Continuity Control as a universal remote control for compliance,” Greenawalt added. “Out of the box it contains an initial package of six APPs that provide control over vendor management, exam preparation, HR attestations, your compliance calendar, regulatory watch and a policy vault to lock everything up securely. By getting all your controls in one place and operating in the same way we save our clients time and money.”
The list of available APPs offered in the company’s APP Store continues to grow as Continuity Control identifies the leading barriers that financial institutions face in the midst of increasing regulatory oversight. The company also leverages the expertise of leading industry organizations through its Control Alliance partnership program.
“Continuity Control has pioneered the use of collaboration and this is apparent in not only the variety of APPs that we offer, but also in the way that they are created with the help of our Control Alliance partners,” Pete Halenar, senior vice president of alliances and business development at Continuity Control, explained. “Together with our Alliance partners, we truly bring together the industry’s best practices and significantly reduce the burden of the Compliance Tax.”
About Continuity Control
Founded in 2008 by Software as a Service (SaaS), banking and compliance veterans, the company has pioneered the use of collaboration and social networking among banks and credit unions to create business continuity solutions that manage policies, procedures and audit programs. Continuity Control provides an innovative, on-demand platform for regulatory compliance that dramatically simplifies operations and can be understood by every employee of a financial institution
For more information visit www.continuity.net.
CONTACTS:
Marvin (Mickey) Goldwasser
Continuity Control
203.903.0124 x302
mgoldwasser@continuity.net
Nneka Egwuatu
Media contact for Continuity Control
678.781.7229