Continuity Buys Ohio-Based TraceRisk
Summary
Continuity, a New Haven, Conn.-based established leader in regulatory technology and compliance management systems (CMS) for financial services organizations, acquired TraceRisk, a Ohio-based provider of cloud-based enterprise risk management (ERM) solutions. With technical integration efforts now underway, Continuity now connects the strategic aspects of enterprise risk management to the tactical oversight of compliance management on a singular, unified platform. Led by Michael (Mike) Nicastro, Chief Executive Officer, Continuity is a provider of regulatory technology (RegTech) solutions that automate compliance and risk management for banks, credit unions, mortgage companies and fintech firms. By combining regulatory expertise and cloud technology, the company’s solutions are designed to automate all aspects of compliance and risk management, including interpretation of regulatory issuances, intuitive task delegation, risk assessment and vendor management. It serves hundreds of institutions across the United States and its territories.
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