First Foundation Bank Implements Continuity to Standardize Compliance Management
Regional banking leader automates compliance management, boosts efficiencies with Continuity’s modern technology platform
NEW HAVEN, CT (December 11, 2018) — 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.
First Foundation Bank provides private wealth management, personal banking and business banking services to its customers, and the institution has offices in California, Nevada and Hawaii. The $5.9 billion-asset bank recognized the need to identify and implement a comprehensive compliance management system to standardize and simplify its compliance processes, especially in light of the bank’s recent growth. After evaluating several vendors, the bank ultimately decided to partner with Continuity because of its modern, automated technology and deep regulatory expertise.
“As our bank continues to expand, we understood that we would need to move beyond relying on spreadsheets and manual processes for compliance management,” said Nancy Smith, chief compliance officer of First Foundation Bank. “Continuity’s advanced, automated platform allows us to boost speed and ease of our compliance management, enabling our staff to focus less on tedious manual tasks and more on meaningful customer service and strategic growth-oriented activities.”
Continuity’s RegAdvisor Pro platform interprets regulatory changes and disperses easily digestible summaries and pertinent action items to appropriate bank employees. By leveraging this technology, the bank has been able to simplify the compliance management process and boost accountability between departments. The platform’s wide range of pre-built compliance tools automates previously manual processes, increasing efficiencies and accuracy across the institution.
“Strategic and growth-focused institutions such as First Foundation Bank understand the importance of streamlining compliance management and are proactively taking steps and investing in technology to ensure they’re well positioned for future expansion and success,” said Mike Nicastro, CEO of Continuity. “Our comprehensive compliance management system is designed to provide banks like First Foundation with the tools necessary to seamlessly and efficiently navigate today’s changing regulatory environment.”
About First Foundation Bank
First Foundation, a financial institution founded in 1990, provides private wealth management, personal banking, and business banking. The company has offices in California, Nevada, and Hawaii with headquarters in Irvine, California. For more information, please visit www.firstfoundationinc.com.
Access the original press release here: First Foundation Bank Implements Continuity to Standardize Compliance Management