Cross River Bank will be deploying GRC technology leader and RegTech innovator 360factors’s flagship software Predict360, a risk and compliance intelligence platform with artificial intelligence technology to predict risks and streamline compliance. The adoption of this technology will empower Cross River Bank to continue their fast-paced growth while meeting their compliance needs more efficiently. Keeping up with the ever-increasing demands of managing regulatory compliance will be achieved by reducing manual processes and streamlining compliance monitoring functions while providing compliance insight through automated reporting.
“Innovation is built into Cross River’s DNA. We are excited because 360factors and Cross River Bank have the same mission and vision –enabling financial services organizations deliver better and faster services using technology to accelerate productivity, innovation and profitability by predicting risks and streamlining compliance,” said Carl L. McCauley, CEO for 360factors, Inc. “Cross River has a larger vision than most banks, and that’s the type of company that benefits the most from our solutions.”
Adopting 360factors’ Predict 360 GRC technology platform enables compliance departments to streamline communication, improve efficiency across business lines, and provides real-time executive and board level reporting. By increasing the efficiency and effectiveness of their customers’ compliance programs, 360factors’ customers are empowered to accelerate productivity, innovation and profitability.