Wolters Kluwer Financial Services announced today that Kinecta Federal Credit Union of Manhattan Beach, Calif., has selected the company's ARC Logics for Financial Services offering to proactively measure, monitor and manage risk across all of the credit union's business lines.
ARC Logics for Financial Services provides credit unions, banks and other financial services organizations with the actionable compliance and risk intelligence they need, when and how they require within their enterprise risk management (ERM) programs. As a result, ARC Logics for Financial Services helps them bring transparency, control and efficiency to managing compliance and operational risks as well as to the audit function.
"Credit unions such as Kinecta need more than a software solution to effectively address the numerous compliance and operational risks they face in today's marketplace," said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services' Enterprise Risk Compliance business. "ARC Logics' extensive, flexible offering can help credit unions take a more unified, efficient and cost-effective approach to enterprise risk management."
ARC Logics features a modular approach that enables financial services organizations to fulfill their immediate risk management objectives in a targeted, cost-effective manner while allowing for expanded future usage of the same platform. The solution's modules are Policies and Procedures, Risks and Controls, Financial Analytics, Program Management, and Audit. These can be implemented all at once or individually, and expanded as needed with changing business requirements and regulations.