$20B+ Leading Regional Bank in the Northeast Selects 360factors’ AI-Powered Regulatory Change Management Solution

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AUSTIN, TX | July 14, 2020 – 360factors, Inc. announced today that a leading regional bank based in the Northeast with over $20B in assets has selected the company’s Predict360 risk and compliance intelligence platform to eliminate regulatory silos and streamline regulatory news, tracking, updates, changes and more while managing all regulatory change activities and documents.

The bank is currently deploying Predict360’s Regulatory Change Management (RCM) solution which features a unified feed of regulatory intelligence news and updates. Artificial Intelligence (AI) helps filters and parse regulatory updates to highlight regulatory changes relevant to the bank, enabling the bank’s compliance personnel to quickly assess and proactively manage the impact of regulatory changes.

For the bank’s compliance management team, the application provides a platform to track and manage the regulatory change project plans, tasks and activities across the organization in a single consolidated system. Due dates, notifications/escalations and assignment of sub-tasks are all supported.

And with integrated mapping of risks, controls, policies, procedures, training, complaints, regulatory exams, findings and issues to the associated regulatory requirements, Predict360 enables compliance teams to quickly identify the impact of the regulatory change to the organization and assess the level of effort required to ensure compliance to the new regulatory requirements.

Bank executives and other stakeholders can access a real-time executive view of all regulatory issues and the status of regulatory change projects in process across the organization from one system.

And with a detailed evidence audit trail captured of key information, actions taken, collaboration comments communicated and internal and external supporting documentation analyzed during the regulatory change process, the bank can be confident in remaining in compliance with quickly changing regulatory requirements while providing requested evidence to regulators during examinations.

About 360factors, Inc.

360factors empowers organizations to accelerate profitability, innovation and productivity by predicting risks and streamlining compliance. Predict360, its flagship software product, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates regulations and obligations, compliance management, risks and controls, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform based on artificial intelligence to provide predictive analytics and unique insights for predicting risks and streamlining compliance. 360factors is the exclusive endorsed solution provider for compliance management by the American Bankers Association (ABA). Visit www.360factors.com for more information.