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Quantivate Targets Credit Unions With New Compliance Management Solution
Quantivate is expanding its governance, risk, and compliance (GRC) offering with the soft launch of a compliance management system for credit unions. The product was developed in conjunction with the Credit Union National Association (CUNA).
The new offering, the CUNA Compliance Management System™ (CCMS), enables credit unions to keep up with federal and state regulatory changes and further automate compliance management. An expanded version, CUNA Compliance Management System PLUS™, provides additional features such as policy and document management capabilities.
CUNA chose Quantivate back in 2018 as its technology partner and they recently completed beta testing with ten credit unions. The soft launch will continue to the end of 2019, followed by general release planned for early 2020.
80% of Quantivate’s customer base is in the financial services industry. This has led to extensive knowledge of the industry, so Quantivate was a natural fit for this project. In turn, this project further establishes Quantivate’s presence and market opportunity in the financial services industry.
The CCMS product is being released as a member benefit for CUNA- and/or League-affiliated credit unions. It can be integrated with Quantivate’s GRC software suite, providing a potential first option for CUNA members looking for additional GRC capabilities such as business continuity management.
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