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Release of Critical State Level Support for Financial Institutions Nationwide

New Haven, CT  June 10, 2019 — Continuity, a leader in the development and deployment of regulatory change management solutions for regulated financial institutions is announcing the addition of state regulatory content to its industry leading RegAdvisor® Pro platform. This new technology — RegAdvisor® Pro: State — will address a critical shift in the market.

“With an increasing number of state legislatures and regulatory bodies becoming far more active in the oversight of financial institutions, we felt it was critical for our clients to have access to current state level content as a part of our overall technology offering” observed Mike Nicastro, Continuity’s CEO.

RegAdvisor® Pro: State will be offered as an affordable add-on module for Continuity’s RegAdvisor® Pro product.  Clients will be proactively notified of regulatory changes for the states to which they subscribe, so they can be confident that they aren’t going to miss regulatory issuances.  They will also manage state regulatory changes within the RegAdvisor Console, using the same tools as they have used for managing federal regulatory changes, eliminating the need to track and compile changes from multiple sources.

“There has been an interesting shift in market dynamics during the last year”, according to David Bagley, Chief Revenue Officer of Continuity.  Mr. Bagley continued, “As such, we at Continuity have responded to this shift by investing in new technology that will enhance our existing customer experience and further reduce risk and compliance costs for financial institutions of all sizes.”

Like RegAdvisor® Pro, the new technology RegAdvisor® Pro: State focuses on ease of use and access, explains Alexandra Ramin, Continuity’s Chief Product & Marketing Officer, “We have incorporated the simple and consistent format into our new state regulatory technology, that our clients are accustomed to seeing in our RegAdvisor® Pro product. Using the same format will also allow clients to generate consistent reporting for state and federal regulatory change management.

Continuity provides extensive automation for regulatory change management across financial institution charters nationwide and has evolved as the needs for such automation has evolved. When asked about the future vision, Continuity CEO Michael Nicastro stated, “Continuity led the charge into the world of automated regulatory change management. We plan to continue by exploring new methods and tools to further automate the process.  Look for us to make investments both organically and through the acquisition of key strategic tools which further enhance a compliance officer’s ability to confidently execute their role.” 

 
Press Contact: Alexandra Ramin, 203-672-9847, aramin@continuity.net

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Stable regulatory activity in Q1 2019 confirms regulatory restraint, individual actions send mixed signals to bankers

NEW HAVEN, CT (April 23, 2019)  — Continuity, the leader in compliance change management solutions, recently released the Q1 2019 Banking Compliance IndexTM (BCI).  The BCI held steady in Q1 2019, remaining on par with levels experienced in Q1 2017 and Q1 2018. These consistencies solidify new patterns in a climate of regulatory restraint from Federal regulators. Yet bankers should be concerned about an alarming new trend: Q1 2019 was the third consecutive quarter in which more than 50% of enforcement actions by number were taken against bank officers and directors individually, versus their financial institutions. Credit union employees also felt the impact of individual enforcement at the frontline level.  

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It may shock you to hear a compliance expert suggest that your bank might be spending too much on compliance.
But it’s not only possible, it’s probable.

The uncertain regulatory environment continues to worry bankers. With some rules being eliminated, others added and many in constant flux, changing regulations critically impact bank operations and interfere with profitable and efficient processes. It’s a never-ending challenge for banks to manage regulatory change and work around the burdensome costs of complying with existing rules.
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Regional banking leader automates compliance management, boosts efficiencies with Continuity’s modern technology platform

NEW HAVEN, CT (December 11, 2018)  —  Continuity, a leading provider of automated compliance management technology for financial institutions, today announced that Irvine, Calif.-based First Foundation Bank has successfully gone live with Continuity’s RegAdvisor®Pro and RegControls™ solutions to streamline and standardize its compliance management process.

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Banks and credit unions must find ways to better manage compliance ahead of a busy year end.

NEW HAVEN, CT (October 30, 2018)  — The Banking Compliance IndexTM (BCI) remained steady in Q3 2018, after nearly doubling from Q1 2018 to Q2 2018. The spike in regulatory activity from earlier this year demonstrates the significant impact of regulatory relief bill S.2155, which contained over 50 separate regulatory changes. Even though regulatory relief has been promised, financial institutions still have not experienced any regulatory lift.  

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 Awards honor state’s 40 Fastest Growing Tech Companies part of ConnectiTECH Awards October 3

NEW HAVEN, CT (September 18, 2018)  — The Connecticut Technology Council (CTC) and Marcum LLP today announce the 2018 Marcum Tech Top 40, the annual recognition of the fastest growing technology companies in Connecticut. This year’s group of top-ranked companies will be honored at the new ConnectiTECH Awards event at the Connecticut Convention Center on October 3. Continuity will be honored with 39 other companies and two accelerator award-winners as the class of 2018.

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 Implementing the regulatory relief bill causes more work for financial service organizations

NEW HAVEN, CT (August 2, 2018)  —  The Banking Compliance Index™ (BCI) nearly doubled from Q1 2018 to Q2 2018, revealing the significant impact of regulatory relief bill S.2155, which contained over 50 separate regulatory changes. This BCI increase reinforces that any change, whether adding or reducing regulations, translates to extra work for institutions. Also, the agencies have now filled their vacant leadership positions, which reduced some of the regulatory uncertainty experienced last quarter and may have contributed to a warmer enforcement climate.

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The largest credit union headquartered in New Jersey selects comprehensive compliance management system to boost efficiency, accountability

NEW HAVEN, CT (July 24, 2018)  —  Continuity, a provider of automated compliance management technology for financial institutions, today announced that $3.1 billion-asset, Affinity Federal Credit Union, the largest credit union headquartered in New Jersey and proudly serving the tri-state area, has implemented Continuity’s RegAdvisor®Pro and RegControls™ solutions to streamline and enhance its compliance management. 

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Accel-KKR provides Continuity with a Significant Credit Facility to Accelerate Acquisition Goals

NEW HAVEN, CT (July 18, 2018)  — Continuity, a leading provider of automated compliance change management technology for financial institutions, announced today that the company has executed a credit facility with Accel-KKR to enhance their ability to execute on their long-term growth and more specifically their acquisition strategy.   

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