Sharp Rise in Banking Compliance Index Intensifies Pressure on Banks, Credit Unions

Continuity’s Regulatory Operations Center® (ROC) has released the third quarter 2019 Banking Compliance Index™ (BCI), revealing a 41% increase in the overall level of effort required by financial institutions to keep up with regulatory change. Hours consumed in change efforts jumped 46% from the second quarter. When comparing this year to Q3 2018, effort is up 28%, and hours consumed by regulatory change management and implementations are a whopping 85% higher than this time last year.

Continuity Acquires TraceRisk Enterprise Risk Management Platform Continuity

Continuity, an established leader in regulatory technology and compliance management systems (CMS) for financial services organizations, has acquired Ohio-based TraceRisk, a provider of cloud-based enterprise risk management (ERM) solutions. With technical integration efforts now underway, Continuity becomes the first provider to connect the strategic aspects of enterprise risk management to the tactical oversight of compliance management on a singular, unified platform.

Uptick in Banking Compliance Index Reflects Limited “Relief” for Banks, Credit Unions Continuity

Continuity’s Regulatory Operations Center® has released the second quarter 2019 Banking Compliance Index™ (BCI), revealing a 25% quarter-over-quarter increase in the level of effort required by financial institutions to keep up with regulatory change. A retrospective analysis of the data points collected over a fifteen year period indicates that the regulatory environment is stabilizing at levels comparable to 2008, before the financial crisis and ensuing Dodd-Frank Act regulations.

Banking Compliance Index Remains Steady in Q1, Regulatory Ramp Up Likely in Q2

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.

First Foundation Bank Implements Continuity to Standardize Compliance Management

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.

Banking Compliance Index Holds Steady in Q3, Still No Signs of Reg Relief

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.

Continuity recipient of 2018 Marcum Tech Top 40 Award

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.