Compliance solution provider and former bank robber partner to offer on-demand security plan on Control platform BOSTON, Nov. 4, 2009 – Continuity Engine, the creator of an on-demand platform that automates the regulatory compliance process for community banks and credit unions, announced at the BAI Retail Delivery Conference and Expo 2009 that the company has partnered with Troy Evans, industry expert and former bank robber, to create the AntiRobbery ActionPack.
Housed on its Web-based platform, Control, ActionPacks are customizable plans that simplify the work of compliance by turning it into a set of simple steps, automating those steps and delivering all of the reporting to satisfy oversight needs. "According to the FBI, there were more than 6,200 bank and credit union robberies in 2008. That’s more than one for every three institutions in the country! During the fourth quarter of 2008, the FBI reported 1,645 cases of bank robbery, a 19.5 percent increase from the third quarter’s total of 1,376. The total amount taken was valued at more than $15.4 million dollars,” Troy Evans said. “Given the current economy, our nation’s high unemployment rate, the country’s preoccupation with drugs and the ease in which gambling can be accessed; this rising trend is only going to continue. This partnership provides robbery prevention and response tactics as it pertains to protecting customers, members and staff and aiding law enforcement. It also highlights banks’ particular areas of vulnerability such as closing time, and how to reduce those risks.” “We are so excited to bring Troy’s expertise, insights and experiences together with the power of the ActionPacks.” Andy Greenawalt, CEO Continuity Engine, added. “By getting his insights to the right people at the right time, organizations will be fundamentally more prepared and safer. What his insights can bring to bare in less than a minute of work to set it up is really exciting. This is really a case of ActionPacks making the world safer.”
Houston-based First Service Credit Union recently selected the AntiRobbery ActionPack to enhance the security of its ten branches. In July the credit union experienced an armed robbery and in response, the executives began reviewing its security processes and it found Control to be a perfect fit. “I handle all of the compliance operations for the credit union and I wanted a solution that made it easier to automatically assign tasks and send out notices,” Sid Zahn, director of compliance and internal audit, explained. “We found Continuity Engine and everything just fell in to place. Control will address all of our areas of need in security, compliance and internal audit. There are also other departments at the credit union that will probably leverage the wide variety of ActionPacks.”
About Continuity Engine
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 Engine provides an innovative, on-demand platform for regulatory compliance, Control, that dramatically simplifies operations and can be understood by every employee of a financial institution.