Valued Continuity Clients & Stakeholders:
As this COVID-19 pandemic scenario continues to unfold I wanted to provide you all with a quick update from your trusted Compliance & Risk Management technology provider.
In alignment with our name, Continuity has been functioning in a pandemic operating mode for more than two weeks now. Our entire staff is operating on a “safe at home” remote basis and thankfully we can state that we have no members of the staff dealing with the virus at this time.
We understand that many of you are now shutting some or all branches for a number of weeks or may be operating with significantly reduced hours. In either case, your customers or members need reassurance that their funds are safe and accessible. We have also heard from a number of you that your ability to access the Continuity platforms in the Cloud has kept your compliance and risk oversight operating even in a remote fashion which is critical to maintaining confidence in the financial system.
Our Regulatory Operations Center continues to closely monitor federal alerts and actions during this event and we are publishing RegAdvisor alerts at record speed. We are also aware that many states are taking action for the financial institutions in their jurisdictions and that state alerts and actions have increased significantly. Please remember that Continuity has the RegAdvisor State module which provides access to the materials from all 50 states and DC. If you have not already taken advantage of RegAdvisor State please reach out to your Account Manager or to customer support and we can explain how we can get you set up.
As I have said previously, we will get through this challenge together. We are here and fully operational and we will be here and ready to assist when this ends and there are new challenges to be faced.
Wishing you all good health,
Michael “Mike” Nicastro
Chief Executive Officer