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Danger administration and compliance software program firm Ncontracts unveiled its new danger administration suite, Ncontracts RPM, this week.Ncontracts RPM integrates 4 of the corporate’s options — Nrisk, Nvendor, Ncomply, and Nfndings – right into a mixed providing that may assist FIs leverage information to reinforce danger and compliance administration.Headquartered in Tennessee, Ncontracts made its Finovate debut at FinovateFall 2022 in September.
Built-in danger administration and compliance software program supplier Ncontracts launched its danger administration suite this week. The Ncontracts RPM Suite blends danger, vendor, compliance, and discovering administration options to assist increase effectivity and drive better-decision making. Identified individually as Nrisk, Nvendor, Ncomply, and Nfindings, the mixed parts of Ncontracts’ RPM Suite assist monetary establishments flip information into the sort of related, actionable insights to cut back the burden of danger and compliance administration.
“Monetary establishments want higher, extra complete danger administration instruments to efficiently reply to digital disruption, financial uncertainty, regulatory change, staffing shortages, and different challenges,” Ncontracts CEO Michael Berman mentioned. “Our RPM suite brings information and insights to our shoppers to create a high-performing system that helps monetary establishments effectively leverage information to drive success.”
Headquartered in Brentwood, Tennessee, and based in 2009, Ncontracts made its Finovate debut at FinovateFall 2022. With a buyer base of greater than 4,200 monetary establishments, mortgage corporations, and fintechs within the U.S., Ncontracts provides a cloud-based know-how resolution that encompasses vendor, organizational, audit, and compliance danger administration.
Within the months because the firm’s Finovate look in September, Ncontracts added C-suite expertise within the type of new Chief Buyer Officer Melissa Outlaw, new Chief Gross sales Officer Michelle Amato, and new Chief Human Useful resource Officer Cathy Guthrie. Named to the Inc. 5000 roster of the fastest-growing non-public corporations within the U.S. for the fourth yr in a row in 2022, Ncontracts raised $1.1 million in funding previous to being acquired by Gryphon Buyers in 2020 for an undisclosed sum.
“The dangers dealing with monetary establishments are multiplying and turning into extra complicated, and no financial institution, no matter dimension, can justify utilizing spreadsheets at this time to handle the method when the stakes are so excessive,” Gryphon Buyers Software program Principal Jon Cheek mentioned when the acquisition was introduced. “Ncontracts’ software program has made it simple for monetary establishments of all sizes to handle the spectrum of complicated dangers and laws dealing with them at this time.”
Photograph by Martin
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