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, firstname.lastname@example.org