WASHINGTON – The American Bankers Association – through its subsidiary the Corporation for American Banking – announced today at the 2017 American Bankers Association (ABA) Regulatory Compliance Conference that ABA has endorsed the Predict360 Compliance Management solution of 360factors Inc. A leading cloud-based Enterprise Risk and Compliance Management platform technology and services company powered by artificial intelligence, 360factors helps companies improve business performance by reducing risk and ensuring compliance.
360factors’ Predict 360 compliance management solution earned the ABA’s endorsement for its ability to help banks respond to new regulations and manage regulatory burden using artificial intelligence (AI) and natural language processing (NLP) technology. The solution automates and reduces the effort involved in managing constantly-changing regulatory compliance requirements.
“We are proud to have ABA endorse our compliance management solution.” said Carl McCauley, CEO at 360factors. “Our Predict360 solution helps banks and financial services firms drive business transformation across all their governance, risk and compliance functions using a single, integrated platform. It increases efficiencies, reduces cost and improves quality for companies managing regulatory changes, operational risks, compliance, and policies and procedures.”
“360factors’ Predict360 solution was selected because of the seamless integration of all their modules in their compliance management suite, the ease of-use of their solution, and their focus and pricing advantages for small, regional and large banks,” said Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council. “Unlike many of the other compliance management solutions which were only affordable by large institutions that could devote many months and significant manpower to deploying their solutions, 360factors stood out in the evaluation based on their capabilities to serve the needs of smaller community and regional banks, as well as the larger banks, that comprise a significant part of ABA’s membership base.” Luke is also president and COO of Hawaii National Bank in Honolulu.
360factors’ Predict360 Compliance Management solution is easy to use, quick to deploy and has a low total cost of ownership to help reduce their clients’ efforts in managing their compliance and regulatory requirements.
About American Bankers Association
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans. Learn more at www.aba.com.
About 360factors Inc.
360factors, Inc. (Austin, TX) helps companies improve business performance by reducing risk and ensuring compliance. Predict360, its flagship software product, vertically integrates regulations and requirements, policies and procedures management, risks and controls, audit management and inspections, and on-line training and qualifications, in a single cloud-based platform powered by artificial intelligence. Learn more at www.360factors.com.