Continuity Engine Announces Control 1.5.Financial Technology Community Unites with ActionPack Alliance to Provide Relief from the Compliance Tax on Banks and Credit Unions NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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 A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 See GPS. 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 The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , 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 The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. 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 See toolkit and toolbar. ," said Lars Harvey, CEO, Internet Identity. "Security is a multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious 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 Dr. Susan Orr headed the United States Children's Bureau, a federal agency organized under the United States Department of Health and Human Services' Administration for Children and Families, Administration for Children and Families, as Associate Commissioner. Consulting "As a former FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (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 hec·tic adj. 1. Characterized by intense activity, confusion, or haste: "There was nothing feverish or hectic about his vigor" Erik Erikson. 2. 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 See social networking site. social networking - social network 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. |
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