BIRMINGHAM, Ala.–Dollar Associates said it has entered into a partnership with New Haven, Conn.-based Continuity, a provider of risk automation and risk compliance solutions, to consult with the company on regulatory issues. The two organizations said they will also work together on program development in the credit union industry.
“Our credit union clients are very compliance committed,” said Dennis Dollar, former NCUA chairman and principal partner with Dollar Associates. “That is one of the reasons they work with Dollar Associates as a partner on regulatory matters and supervisory issues. But they are also wanting to move everything they can to a technology-oriented solution, including compliance and ERM. We were incredibly impressed by the Continuity cloud-based program and were pleased to be asked by them to be part of their team to take it to even higher levels from both a regulatory and an operational point of view for credit unions.”
According to the two companies, by combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate risk at a fraction of the cost. Among Continuity’s risk and compliance product set are RiskAdvisor, RegAdvisor Pro, RegAdvisor State, RegControls and ControlsBuilder.
A High Priority
“Credit unions are moving to cloud-based solutions in so many areas,” said Mike Nicastro, CEO of Continuity. Nicastro continued, “As the current crisis makes clear, compliance and risk management are such a high priority for them that it just makes sense to have robust cloud-based tools available. That is what we have developed at Continuity, and it has been well received among banks and credit unions alike.”
Dollar Associates is a full-service credit union consulting firm with over 600 credit union clients and a number of firms that offer services to credit unions.