July 30, 2020
Continuity, a leading provider of cloud-based risk and compliance technology for retail financial institutions has announced the addition of VendorRisk, a new vendor management solution. VendorRisk is a state-of-the art, fully featured product which enhances Continuity’s current compliance focused vendor solution by adding the intensity of risk-based vendor management analysis.
Mike Nicastro, CEO of Continuity stated, “As the events around COVID-19 have played out, it’s clear that our strategy to move compliance and risk oversight to a common dynamic platform, with a focus on content and cross functionality, will be critical to help financial institutions manage the coming financial hangover the pandemic has created.” Nicastro continued, “Studies have already shown growing failure rates for businesses nationwide, so the need for more intensity on the risk side of the equation of vendor management will be essential. Bringing this next generation solution to the market now promotes Knowledge as a Service (KaaS), which will help financial institutions navigate the challenges that lie ahead.”
New Haven, Connecticut-based Continuity is a provider of regulatory technology (RegTech) solutions that automate compliance and risk management for banks, credit unions, mortgage companies and fintech firms. By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate risk at a fraction of the cost. Continuity serves hundreds of financial institutions across the United States and its territories. Continuity’s risk and compliance product set includes RiskAdvisor, RegAdvisor® Pro, RegAdvisor® State, RegControls™, ControlsBuilder™, Policy and Procedure Management, VendorRisk and Compliance VendorManagement. For more information, visit www.continuity.net.
About Skeey Interactive, LLC
Burlington, Massachusetts-based Skeey Interactive LLC is a technology firm founded in 1999. Their strategic alliance with Continuity combines both company’s knowledge and expertise in the vendor management arena to help banks, credit unions and mortgage companies centralize vendor management programs, save time and resources, satisfy auditors and regulators and mitigate risk.