Community Banks Are Struggling with New Regulations and Compliance Cost

Community banks are struggling to adapt to the increased regulatory stringency resulting to higher regulatory/compliance cost. Regulations are getting more expensive for community banks as they are getting socked with hefty compliance tools.

How we address this problem is of great importance to the future of the industry and the economy as a whole. Predict360, a regulatory risk change management software, configured as a compliance management system for banks and financial institutions to help automate and streamline compliance obligations. It enables you to automate controls for your compliance obligations and manage change driven by standards and regulations thereby reducing your compliance cost and increase the effectiveness of your compliance system.