Archives: News

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.

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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.

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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.

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Affinity Federal Credit Union Implements Continuity to Enhance Compliance Management

Continuity, a provider of automated compliance management technology for financial institutions, today announced that $3.1 billion-asset, Affinity Federal Credit Union, the largest credit union headquartered in New Jersey and proudly serving the tri-state area, has implemented Continuity’s RegAdvisor®Pro and RegControls™ solutions to streamline and enhance its compliance management.

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Drop in Banking Compliance Index Exposes Regulatory Uncertainty

The Banking Compliance IndexTM (BCI), revealed historically low regulatory activity in Q1 2018. While discussions around regulatory reform continued in Congress, little concrete action was taken last quarter, causing uncertainty about the regulatory environment for many financial institutions.

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