Alden State Bank Expands use of Predict360 to Improve Management of Regulatory Compliance and Change

 
AUSTIN, Texas - May 17, 2016 - PRLog -- 360factors, Inc., a leading cloud-based Enterprise Risk and Compliance Management technology and services company announced today that Alden State Bank, of Alden, Michigan, will expand its use of Predict360 to automate its Regulatory Compliance and Change Management programs.  Alden State Bank has been using 360factors' learning management solution for banking and financial services for several years.  Predict360 Learning Management for Banking and Financial Services offers close to 200 on-line training and certification courses.

"The number and complexity of regulations being enforced on financial institutions are continually increasing," explained Cindy Howard-Bartz, Vice President at Alden State Bank.  "By expanding our use of Predict360 to include regulatory compliance and change management, we expect to improve our ability to stay on top of the new and changing regulations and be fully prepared for our examiners.  The automated notifications and alerts from Predict360 will enable us to be more proactive than reactive helping us improve our operational efficiency."

Predict360 vertically integrates regulations and requirements, policies and procedures, risks and controls, audit and inspections, and on-line training and qualifications, in a single cloud-based platform. Alden State Bank is a locally owned independent community bank.  Of the commercial banks headquartered in Michigan, it remains one of a dozen or so commercial banks that is not associated with a bank holding company. Alden State Bank's ability to offer its customers continuity in their banking needs has contributed greatly to its success.

"We are thrilled to be working with Alden State Bank as a trusted partner in automating their Regulatory Compliance and Change Management requirements. We are working with over 40 financial institutions to enable functional managers and staff to manage their day-to-day risk and compliance activities while providing executive's visibility into the risk and compliance profile of the entire business,' said Ed Sattar, CEO of 360factors.

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, risks and controls, audit and inspections, and on-line training and qualifications, in a single cloud-based platform.  360factors offers consulting services in the areas of air, water, and waste permitting and compliance, site investigation and remediation, environmental and dredge material sampling and evaluation, engineering and geology, expert testimony, health and safety, and operational risk management.  Its Managed Services incorporate outsourced risk and compliance services using Predict360.

Further information can be found at http://www.360factors.com/.

PR Marketing Manager
360factors Inc.
raza.shahid@360factors.com
+512-539-2791
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