The $3.5 billion Kinecta Federal Credit Union of Manhattan Beach, Calif., has become the first credit union user of a risk management and compliance software solution from Wolters Kluwer Financial Services of Minneapolis, the company said.
The ARC Logics for Financial Services solution provides actionable compliance and operational risk intelligence to the institution's existing enterprise risk management systems.
Modules cover policies and procedures, risks and controls, financial analytics, program management and audit functions, the company said.
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