Quantivate, a leading SaaS governance, risk, and compliance (GRC) solution provider, today announced it has been selected by Credit Union National Association (CUNA) to provide the technology to drive a new compliance solution.
After analyzing different technology platforms, CUNA selected Quantivate for its ability to address state and federal compliance burden in one centralized platform. The current regulatory landscape makes maintaining compliance complicated and burdensome for credit unions. Quantivate’s platform simplifies and streamlines compliance management with built-in tools for status monitoring, risk assessments and compliance testing, and task management with automated workflows, among other features.
“Quantivate’s comprehensive, integrated technology will be a key piece to CUNA’s investment in the future of our industry,” according to Jared Ihrig, chief compliance officer at CUNA. “It provides credit unions the resources and capabilities they need to cope with the pace of regulatory change and the complexity of compliance requirements.”
“The regulatory environment has become a significant cost burden for credit unions,” said Andy Vanderhoff, Quantivate’s founder and CEO, “We look forward to working with CUNA, credit unions, and leagues to revolutionize a whole industry and reduce the cost of regulatory compliance. This solution deployment not only streamlines credit unions’ approach to regulatory compliance, but also gives them an easy upgrade path to other integrated governance and risk management solutions.”