Continuity to provide compliance tech for Affinity FCU
Compliance management solutions company Continuity has got a new partnership with New Jersey-based Affinity Federal Credit Union, reports Julie Muhn at Finovate.
New in New Jersey
The credit union, with $3.1 billion assets under management (AUM), will implement Continuity’s RegAdvisor Pro and RegControls to make its compliance management “more efficient”.
RegAdvisor Pro analyses and summarises regulatory changes; monitors the federal register for new issuances; and provides policy review, updates, and board approval using pre-built procedures.
RegControls offers pre-built procedures for consumer compliance, lending operations, deposit operations, and Community Reinvestment Act and fair lending compliance.
Olivia Leach, compliance officer at Affinity, says: “Continuity’s technology takes the guess work out of compliance by helping us to easily determine how regulations impact us, and then supporting associated implementation and training actions. The platform assigns different tasks to the appropriate employee, boosting accountability and transparency of the overall compliance management process.”
Affinity has onboarded its marketing and PR, loan administration and consumer lending, and mortgage origination divisions to Continuity.
Headquartered in Connecticut, Continuity’s solutions serve hundreds of financial institutions across the US and its territories.
