In The News

Financial technology veteran, Michael Nicastro to assume the role of Interim CEO

New Haven, CT — Andy Greenawalt, founder & chief executive officer of Continuity, and a pioneer in the RegTech sector of financial technology, has been appointed chairman of the board and has stepped down as CEO of the company. In addition, the board has announced that board member, Michael Nicastro, an industry veteran will step in as Interim CEO.

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Enforcement rate drops below 10 percent for first time in five quarters

New Haven, CT — After levying record numbers of enforcement actions against financial institutions (FIs) in recent quarters, regulators eased enforcement activity slightly in 2016’s second quarter.

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Enforcement rate against financial institutions tops 10 percent for fifth straight quarter

New Haven, CT — After issuing a record number of regulatory changes in 2015, regulators levied more enforcement actions against financial institutions (FIs) in Q1 2016 than in either of the preceding two quarters, signaling escalating pressure in the already “hot” enforcement climate.

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Ramsey, NJ, Richardson, TX – All Covered — a division of Konica Minolta Business Solutions USA, Inc. (Konica Minolta) and Continuity, a leading provider of Regulatory Technology (RegTech) solutions for compliance automation, today announced a strategic partnership. Leveraging Continuity’s expertise in regulatory compliance and SaaS technology, together with All Covered’s IT and Information Security solutions, the partnership creates one of the most compelling IT/IS Compliance platforms available.

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On the back of record revenues, company expands offices and recruits veteran SaaS sales leader

New Haven, CT — Following Continuity’s successful recent launch of its regulatory change management tool, RegAdvisor Pro™, the company experienced explosive growth in both revenue and new client acquisition, making Q4 2015 a record quarter.

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Institutions are feeling the pain of the 76 percent increase in the costs necessary to keep up with regulatory changes

New Haven, CT — Community financial institutions (CFIs) faced a record-breaking 125 regulatory issuances during the fourth quarter of 2015, increasing the total number of regulatory pronouncements to 329 for the full year 2015, according to the Banking Compliance Index™ (BCI). This represents a 56 percent increase from the number of rule issuances institutions saw during Q3 2015, and a nine percent increase over the full-year 2014.

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To date, more than 550 enforcement actions have been issued to non-compliant banks 

New Haven, CT — Regulators continued to crack down on non-compliant community financial institutions (CFIs) in the third quarter, setting 2015 up to be a record year for enforcement activity, according to the latest Banking Compliance Index™ (BCI).

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Recent Inc. 500 winner Continuity releases Compliance Tools Library™ 

New Haven, CT— Continuity, recently named to the Inc. 500 list of fastest-growing U.S. companies, has released the Compliance Tools Library™, a collection of hundreds of pre-built controls that enable a financial institution to migrate its manual Compliance Management System (CMS) onto a technology platform.

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Recent Inc. 500 winner Continuity releases RegAdvisor Pro

New Haven, CT— Continuity, recently named to the Inc. 5000 list of fastest-growing U.S. companies, has released RegAdvisor Pro, a regulatory change management power tool for banks and credit unions.

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Costs, hours required for community banks to maintain compliance continue to rise

New Haven, CT — Enforcement actions hit a new all-time high last quarter, as regulators continued to crack down on non-compliant financial institutions, according to the Q2 2015 Banking Compliance Index. (BCI).

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