Innovation feasible for compliance – Finovate Feedback
We had a very exciting week here at Continuity as Andy Greenawalt and Mickey Goldwasser went to FinovateSpring2010 to demonstrate Continuity Control! Before they left, last Friday we were treated to a practice session of the demo. The demo message was this: Continuity Control helps community banks and credit unions reduce their compliance costs (Compliance Tax™) with Apps that are easy to get, easy to use, allow easy monitoring and are guaranteed to work.
The passionate folks at Continuity truly believe that Control will revolutionize how community financial institutions manage compliance. By freeing up excess time and money currently associated with compliance (see ComplianceTax.com), credit unions and community banks will have more resources to get back to the actual business of banking. So, Tuesday afternoon, when the Control demo was scheduled to happen, most of the Control team was glued to the Twitter stream for #Finovate to see how our product was received.
Trust but Verify - photo by: Rob Kunkle/goodLux imagery
As soon as we saw this tweet from NetBanker, we knew Andy and Mickey were on stage:
Continuity Control debuting compliance platform based on monthly subscription fees, the App Store of bank compliance #finovate
For the seven minutes that followed, we watched anxiously as the feedback began. What follows is a sampling of the tweets referencing Control’s demo.
Nice job on design layout via Continuity Control at #finovate http://bit.ly/cS2Erk ~highly readable
Continuity Control uses “to-dos” and a dashboard to show progress towards completing compliance tasks #finovate
Great work, Andy! Animal House * and * a Reagan joke? Solid! #ContinuityControl #Finovate
#finovate simple compliance for banks and credit unions with Continuity Control http://goo.gl/IYRC
OK- @continuitycontrols proved me wrong-innovation is feasible for compliance through app-store/SaaS model with “guarantees” imho #finovate
Additionally, here’s a blog post by Phil Ayres of Consected that gives an overview of the Control demo content. Mike Linskey live blogged the event and his comments about Control’s demo start on page 7. A few quotes from Mike’s blog follow.
ContinuityControl are compliance guys, and they’ve got a Compliance AppStore!
AppStore replaces RFP process & expensive consultants. Apps are easy to buy, are affordable (example is $199 a month for Bank Secrecy Act app), and based around to-do lists & supporting documents.
In addition to the photos in Mike’s blog, there are some great shots (including the one above) taken by Rob Kunkle of goodLux imagery and shared on Flickr. The video of Control’s demo (and the other 35 demo videos) should be available on the Finovate site in a few weeks. We’ll be sure to share with you as soon as it becomes available.
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[...] This post was mentioned on Twitter by Sonya J Mills and Andy Greenawalt, Continuity Engine. Continuity Engine said: Innovation Feasible for Compliance http://bit.ly/9v69Yo feedback from #Finovate regarding Control's compliance Apps ^SJM [...]
[...] we posted the initial Finovate feedback, Control has been recognized as being among [...]