Continuity
Engine, the creator of an on-demand platform that offers solutions
to the regulatory compliance process for community financial
institutions, announced at the Finovate 2009 conference the release of
version 1.5 of its flagship product, Control.
This version adds several third party ActionPacks to the ActionPack
Alliance program and an iPhone interface for remote compliance work from
any ActionPack. Control is a Web-based SaaS (Software as a Service)
solution that lets users access an ActionPack library to simplify the
work of compliance by turning it into a set of simple steps, automating
those steps and delivering all of the reporting to satisfy oversight
needs.
“With Control we’ve made the easiest compliance software for community
banks and credit unions to cut the cost of compliance in half,” said
Andy Greenawalt, CEO, Continuity Engine. “Now with the ActionPack
Alliance the entire technology community is joining this effort.
Control’s simple ToDo’s make compliance easy, but we wanted to give
customers the power of the industry’s collective knowledge. With the
ActionPack Alliance you can see Control as the GPS navigation system for
any financial institution’s compliance universe.”
Leading the ActionPack Alliance will be industry veteran Pete Halenar as
the Vice President of Alliances and Business Development. Halenar served
as Vice President of Corporate Business Development and Strategic
Alliances for Open Solutions, Inc. for 10 years. “It is thrilling to be
part of solving such a monumental challenge as compliance for the
community financial industry,” added Halenar. “With over 30 of our
partners already in the Alliance program, Continuity Control’s extensive
library of 50 ActionPacks will grow significantly in the months ahead,
adding more value and solving more problems for our valued customers. “
Control 1.5 includes an iPhone interface to allow any “ToDo” from
Control to be done anywhere. “The addition of mobility to compliance
tasks around facilities management, physical security or remote ATM’s
can be done from the palm of the user’s hand. We’ve heard from countless
banks and credit unions that these kinds of tasks are poorly documented
because people get caught in another task before they record them,”
explained Greenawalt.
Leading Banking Vendors Applaud the ActionPack Alliance
HR411
“Over 7,000 banks and credit unions rely on HR411.com for on-demand
human resources compliance information, tools and support, but that’s
just one area of their many needs,” said Michael Pires, CEO, HR411.
“Continuity Engine is allowing these businesses to solve a complete
range of challenges in one convenient place. We are pleased to be able
to deliver HR411’s award winning content through Control and the
ActionPack Alliance.”
Internet Identity
“At Internet Identity, we understand our PowerShark anti-phishing
services are but one tool in the information security toolbox,” said
Lars Harvey, CEO, Internet Identity. “Security is a multifaceted issue,
and one of the primary areas to exploit is inadequate or inconsistently
applied controls. With the ActionPack Alliance we can help our clients
quickly and easily feed our information into their broader compliance
and auditing efforts.”
Susan Orr Consulting
“As a former FDIC examiner I’ve seen lots of documentation that never
gets implemented by the banks,” said Susan Orr, Principal, Susan Orr
Consulting. “With the ActionPack Alliance I’ve taken my battle tested
materials and turned them into simple steps with the power of ToDo’s in
Control. In today’s hectic environment it’s easy to loose sight of
important compliance activities, and with Control nothing can fall
through the cracks.”
About Continuity Engine
Founded in 2008 by Software as a Service (SaaS), banking and compliance
veterans, the company has pioneered the use of collaboration and social
networking among banks and credit unions to create business continuity
solutions that manage policies, procedures and audit programs.
Continuity Engine provides an innovative, on-demand platform for
regulatory compliance, Control, that dramatically simplifies operations
and can be understood by every employee of a financial institution.
For more information visit www.continuity.net.
For Continuity Engine
Nneka Egwuatu, 678-781-7229