CHARLOTTE, N.C., April 12, 2011 /PRNewswire/ -- ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leader in regulatory compliance solutions, today announced they will market the compliance platform, Bankers Assistant, from Continuity Control.
ATTUS will market Bankers Assistant to provide immediate relief to financial institutions struggling with the increasing burden of managing the entire compliance process. Financial institutions can now get all of their compliance, IT and other controls onto a single, SaaS platform for dramatic reductions in the cost of compliance.
"The Bankers Assistant program provides significant and sustained cost savings over any financial institution's manual processes, but it also facilitates better controls and a more thorough audit trail for improved compliance adherence and documentation," said Lori Moore, CRCM, director of compliance for ATTUS. "One of the most effective tools is the Monitor that allows financial institutions to see all of their compliance activities and their status in real-time."
The Bankers Assistant program includes 24/7 Control Director to work with the financial institution, the Control Center platform to store and automate all procedures, audits and risk assessments, and access to dozens of pre-built Apps. Control Apps provide financial institutions complete programs with guaranteed compliance through a 100% examiner satisfaction guarantee.
"Our clients are telling us that their compliance burden is increasing at a dramatic rate; and with Dodd-Frank on the way, this pressure is too much. At current rates, the cost of compliance for a typical institution will be up 100% in the next five years. This trend is not sustainable," added Tom Fedell, president and CEO of ATTUS Technologies, Inc. "We're committed to offering the industry's best and most innovative compliance products. Continuity Control has been recognized by Finovate, Celent and Bank Technology News as one of the most innovative solutions on the market. It was designed by a team of compliance, technology and banking financial experts with one goal - the reduction in the cost of compliance. "
"We're excited and honored to have ATTUS as our partner," said Andy Greenawalt, founder and CEO of Continuity Control. "For the past decade ATTUS has led the way on innovation in compliance, and we look forward to having ATTUS endorse Bankers Assistant to help today's banks and credit unions reduce their compliance costs."
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,500 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
About Continuity Control, Inc.
Based in New Haven, Connecticut, Continuity Control is the creator of award-winning technology that automates procedural controls to meet Compliance, IT and Safety & Soundness requirements for U.S. banks and credit unions. Named among 2011's "Top Ten Tech Companies to Watch," by Bank Technology News, Continuity has re-engineered the compliance process to provide a single online platform for procedural automation, risk assessments and auditing. With the Bankers/Credit Union Assistant programs, Continuity offers banks and credit unions guaranteed compliance of their programs and the cost reductions they need, providing an alternative to "merge or die." www.continuity.net.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world class customer service explain why CSI is known as one of the nation's premier providers of technology solutions for the financial services industry. CSI's stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
SOURCE ATTUS Technologies, Inc.