uMonitor and Continuity Control are now offering a combination of their automated compliance and account opening and funding solutions, the companies said.
Continuity Control's "compliance-in-the-cloud" offerings will work with uMonitor's software-as-a-service model, allowing credit unions and banks to share common technology and regulatory updates, reducing compliance costs and improving operational efficiency, the companies said.
Continuity Control provides customizable, updating programs that break compliance down into simple, automated steps, according to the New Haven, Conn., company.
uMonitor, based in Memphis, Tenn., provides account opening, funding and other solutions to about 125 financial institutions, about half of them banks.
