Multiple Leading Banks Select Continuity’s RegAdvisor Pro Platform as demand increases for Cloud-Based RegTech Solutions.

Continuity, a leading provider of cloud based risk and compliance management technology has experienced an expansion in new business development over the last several months. The increase is due to several key changes and trends in the marketplace.

Continuity to Partner with Dollar Associates on Cloud Based Compliance and Enterprise Risk Management Program

Continuity is a New Haven, Connecticut-based provider of regulatory technology (RegTech) solutions that automate risk and compliance management for the financial services industry. Dollar Associates is a full-service credit union consulting firm headquartered in Birmingham, AL and will consult with Continuity on regulatory issues to help enhance their successful cloud-based program for the credit union industry.

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.