US-based Central Pacific Bank has selected 360factors for its Predict360 risk and compliance intelligence solution to boost its compliance management processes.
The compliance management processes include integrating and standardising compliance review across the group and automating the review reports.
Predict360 is a cloud-based software-as-a-service (SaaS) platform and augmented with Artificial Intelligence technology.
The solution not only predicts and mitigates risks but also streamlines compliance, thereby enabling organisations to boost their profitability and productivity.
Predict360’s compliance management solution has been endorsed by the American Bankers Association (ABA).
It also features configurable workflows for compliance monitoring and testing, document management, assessments functionality and business intelligence (BI) reporting.
360factors CEO Carl McCauley said: “360factors’ solutions are designed to address the needs of mid-market banks and financial institutions that require easy-to-use, intuitive solutions that are quick to deploy and cost-effective.
“We look forward to working with Central Pacific Bank as they continue to advance and scale their compliance management initiatives.”
Central Pacific Bank is a subsidiary of Central Pacific Financial, a bank holding company with nearly $6bn in assets.
As of 30 September 2019, Central Pacific Bank has 78 ATMs and it operates 35 branches in Hawaii, US.