360factors and Temenos partner on financial services risk and compliance solution

01-09-2020

360factors, a US provider of risk and compliance intelligence software, and Temenos, a banking software company, have launched Temenos Compliance Advisory Services within 360factors’ Predict360 risk and compliance platform.

The solution is designed to streamline regulatory compliance and change management for banks, credit unions, mortgage bankers, and financial services institutions. The combination of 360factors’ compliance intelligence system and Temenos’ advisory services delivers a complementary and comprehensive compliance and risk management offering as a pre-packaged standalone solution.

With 360factors’ technology, customers will be able to manage change management programmes for their policies, storing key documents and tracking changes to existing policies, with guidance from Temenos experts.

“This partnership provides our customers with a ‘quick start’ method of getting their compliance system up and running while incorporating best practices-based compliance content along with access to compliance experts for any Q&A or document reviews they may need,” said Carl McCauley, CEO at 360factors.

“We are excited to offer Temenos Compliance Advisory Services to support our customers’ needs.”

Greg Sawyers, senior vice president, compliance at Temenos, added: “We are delighted to align with 360factors to offer Temenos Compliance Advisory Services alongside Predict360.

“We believe this partnership will enable customers across the US to advance their business objectives with industry-leading products and services from both companies.

“This regional partnership complements Temenos’ existing products and services, enabling customers to implement a comprehensive regulatory change management programme.”

The Temenos Compliance Advisory Services subscription includes unlimited access to the Temenos Knowledgebase. This includes policy templates, quick compliance guides, educational webinars, weekly newsletters and compliance calendars. It comes alongside unlimited reviews of policies, advertisements, disclosures and Q&A with the Temenos team of expert advisors.

360factors’ risk and compliance software platform and software application, Predict360, enables executives, managers and staff to optimise day-to-day risk and compliance responsibilities while providing stakeholders with real-time visibility into the risk and compliance profile of all business lines, locations and assets.

The AI-powered platform vertically integrates risks and controls, key risk indicators, regulations and requirements, compliance and regulatory change management, policies and procedures, audit and examinations, and training in a unified, cloud-based system. Predict360’s SaaS architecture and modern technologies deliver predictive analytics and data insights for predicting risk and streamlined compliance.

360factors, Temenos , Partnership, Risk Management, Insurance, Reinsurance, North America

Intelligent Insurer