Compliance solutions providers partner to create innovative, on-demand plans NEW HAVEN, Conn., Jan. 13, 2010 – Continuity Engine, the creator of an on-demand platform that automates the regulatory compliance process for community banks and credit unions, announced that ATTUS Technologies has joined its ActionPack Alliance partnership program. Housed on Continuity Engine’s flagship 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.
The companies will partner to enhance the current Bank Secrecy Act ActionPack and to create new ActionPacks for the Gramm-Leach-Bliley Act, Office of Foreign Assets Control (OFAC), identity verification, Regulation CC and Regulation E. “The ActionPack Alliance brings together industry experts to create proactive procedures that are easy to use and best meet the needs of financial institutions,” Andy Greenawalt, CEO at Continuity Engine, added. “ATTUS works with thousands of financial institutions to address various regulations and, as federal oversight continues to grow, to keep pace with what is legislated, our customers need procedures they can depend on. It is through partnerships such as this that we have the confidence to apply a regulatory guarantee to our ActionPacks. We are excited to partner with such a respected company, and our customers will benefit from the results of our collaboration.” ”Innovation is a high priority for ATTUS,” Tom Fedell, president and CEO at ATTUS Technologies, Inc., said. “We believe that layering our regulatory expertise within Continuity Engine’s ActionPacks is the next step in simplifying the compliance needs of the financial services industry. We look forward to working with Continuity Engine to bring these unique and customizable compliance options to the market.” “Our partnership with ATTUS expands our growing ActionPack Alliance and our ongoing commitment to provide banks and credit unions with solutions that streamline the compliance process,” Pete Halenar, senior vice president of Alliances and Business Development at Continuity Engine, said. “By adding industry leaders like ATTUS to our platform, it further provides financial institutions with the ability to effectively manage their overall compliance issues and costs.” Control is a Web-based, SaaS (Software as a Service) platform that features ActionPacks, compliance plans that provide policies, tasks and assignments, so that all of the annual oversight, periodic reviews and routine operational tasks get to the right people at the right time. There are currently more than 50 ActionPacks in the library.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,500 financial institutions and other clients nationwide use ATTUS’ solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
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. For more information visit www.continuity.net. CONTACTS: Charlyne H. McWilliams
Media contact for Continuity Control