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ICBA and Preferred Service Provider Continuity have announced that this successful program now serves over 200 community banks with more than 16,000 users. Continuity’s flagship product, RegAdvisor Pro™, reduces the impact of regulatory compliance measures on community banks by automating the analysis of regulations, creating implementation plans and by assigning associated tasks.
“Complex, evolving regulatory requirements have proven a challenge for community banks that offer customized services and relationship-based banking,” said Dan Clancy, ICBA executive vice president of services. “By automating interpretation, analysis, task definition and assignment, Continuity’s platform allows bankers to confidently meet examiners’ expectations.”
RegAdvisor Pro™utilizes Continuity’s regulatory experts, who monitor the Federal Register for new issuances and proposed rule changes. Each issuance is closely analyzed and summarized with applicable information, implementation timeline and actionable tasks and delivered to community bankers in the form of Alerts. Bankers using RegAdvisor Pro™ have reported that the system has helped them to reduce their preparatory time for HMDA and BSA examinations by half. Additionally, experts in Continuity’s Regulatory Operations Center®, which include lawyers, former regulators, examiners, compliance officers and bank executives, average more than five hundred conversations with bankers per month, via phone, email, and online chat formats.
Recently surpassing 25 years in community banking as a bank executive, state association president and as co-founder of Continuity, chief strategy officer Jim Kisch is proud of how RegAdvisor Pro™ helps community bankers manage regulatory change. “We created this technology to level the playing field for community bankers.” Jim stated. “Handling today’s regulatory burden, and the ever-changing nature of compliance, requires expertise and resources that puts immense pressure on community banks. That’s why we created Continuity, and we will continue to provide relief for community bankers by improving our products and services as we grow.”
For more information about this program, visit www.continuity.net!
Have a question about an ICBA Preferred Service Provider? Please email Adam.Mahone, Assistant Vice President, Services, or Laura.Norrell, Associate Director, Services.