Tuesday, April 27, 2010 (Westbrook) - Synergent Technology Services is pleased to announce their partnership with Continuity Control, creator of an on-demand platform designed to improve and simplify the regulatory compliance process for credit unions and community banks. Continuity Control will work with Synergent to create compliance training and vendor management compliance applications (Apps) for their credit union partners. Apps are customizable plans that simplify the work of compliance by turning it into a set of simple steps, automating those steps and delivering reporting to satisfy oversight requirements.
"As a service bureau provider for more than 50 credit unions on the Episys core processing platform, we understand that credit unions are always looking for ways to address compliance more effectively," Gary Glenn, Senior Vice President for Synergent Technology Services, explained. "Continuity Control takes a unique approach to compliance, giving credit unions the ability to create the compliance processes that they want, resulting in a cost-effective compliance solution that works with the business models of our credit union users."
"Our goal is to transform the way that financial institutions think about and address the process of compliance," Andy Greenawalt, CEO of Continuity Control, said. "The cost of compliance will continue to rise and financial institutions that fail to manage this rising cost will risk being priced out of the market. Synergent is a respected leader within the industry and we look forward to working together with them and their customers."
Northern FCU, a 22,036 member, $140,665,732 asset credit union located in Watertown, New York, is the first of Synergent's credit union partners to benefit from this new partnership. "Vendor management is one of the biggest projects and Continuity Control is helping me manage everything better," Jennifer Davis, compliance specialist at Northern FCU, added. "As a team of one, I know that everything is set, automated and I don't have to worry about the process. Continuity Control eliminates the need for the department heads to manage their compliance processes separately. It brings everything to one central place to be managed and monitored."
About Continuity Control
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 credit unions, banks and industry providers to create compliance and continuity solutions that manage policies, procedures and audit programs. Continuity Control provides an innovative, on-demand platform for regulatory compliance that dramatically simplifies operations and can be understood by every employee of a financial institution.
About Synergent
Synergent is a leader in providing innovative technology, business and service solutions to credit unions. Formed in 1971, today Synergent has over 125 employees within its four divisions, Technology Services, Card Services, Print and Creative Services, and Check Processing and Support Services. Visit www.synergentcorp.com for more information. |
