Continuity Control reports tripling in demand for regulatory compliance automated platform.
Wolters Kluwer says it installed nearly 400 of its ComplianceOne solutions at U.S. banks and credit unions in the first half of 2012.
Properly implemented, the CSA process is an extremely effective risk management tool that can help auditors, examiners and the credit union with the compliance burden.
Good technology can provide a transparent audit trail for regulators and investors.
More than 175 credit unions and banks installed automated compliance software from Wolters Kluwer Financial Services in the first quarter of 2012, the company said.
NeighborBench of Rockville, Md., said the $104 million, 12,400-member Money One Federal Credit Union in Largo, Md., is now getting help from compliance experts through its cloud-based platform.
Wolters Kluwer Financial Services said it completed more than 175 installations of automated compliance solution at credit unions and banks in the first quarter.
The $104 million Money One Federal Credit Union in Largo, Md., said it is now using NeighborBench to get help from the cloud.