360factors partners with Temenos to offer compliance & risk management solution in the U.S.

By Pavithra R

360factors, empowering organizations to accelerate profitability, innovation, and productivity by predicting risks and streamlining compliance has partnered with Temenos, the banking software company, and announced the availability of Temenos Compliance Advisory Services within 360factors’ Predict360 risk and compliance platform to streamline regulatory compliance and change management for credit unions (CUs), banks, mortgage bankers, and financial services institutions.

The combined force of 360factors’ compliance intelligence system and Temenos’ advisory services are expected to deliver a complementary and comprehensive compliance and risk management offering as a pre-packaged standalone solution. By leveraging 360factors’ technology, customers will be able to manage change management programs for their policies, store critical documents and track changes to existing policies, with guidance from Temenos experts.

“This partnership provides our customers with a ‘quickstart’ method of getting their compliance system up and running while incorporating best practices-based compliance content along with access to compliance experts for any Q&A or document reviews they may need. We are excited to offer Temenos Compliance Advisory Services to support our customers’ needs,” said Carl McCauley, CEO at 360factors.

360factors’ Predict360 powered by AI enables managers, executives, and staff to optimize daily risk and compliance responsibilities while providing stakeholders real-time visibility into the risk and compliance profile of all business lines, assets and locations. The platform vertically integrates risks and controls, Key Risk Indicator (KRIs), compliance and regulatory change management, policies and procedures, regulations and requirements, audit and examinations, and training in a unified, cloud-based system.

The Temenos Compliance Advisory Services subscription includes unlimited access to the Temenos Knowledgebase. This includes quick compliance guides, educational webinars, policy templates, compliance calendars and weekly newsletters. It comes alongside unlimited reviews of policies, disclosures, advertisements, and Q&A with the Temenos team of expert advisors. Temenos helps financial institutions to remove the guesswork out of compliance, and assure that their risk management program has been vetted by a leading team of senior advisors and attorneys.

“We are delighted to align with 360factors to offer Temenos Compliance Advisory Services alongside Predict360. We believe this partnership will enable customers across the United States to advance their business objectives with industry-leading products and services from both companies. This regional partnership complements Temenos’ existing products and services, enabling customers to implement a comprehensive regulatory change management program,” said Greg Sawyers, Senior Vice President, Compliance at Temenos.

Recently, Banco Ripley selected Temenos for bolstering its digital transformation process.

Founded in 2012, 360factors offers risk and compliance intelligence software. Its flagship software product Predict360, is a risk and compliance intelligence platform augmented with AI technology to predict and mitigate operational risks while streamlining regulatory compliance.