NH banking compliance firm inks deal with New York bank

A New Haven company that helps financial institutions comply with government regulations announced this week that it has added Apple Bank of New York to its list of clients.

Continuity said its latest client is Apple, New York’s second largest state-chartered savings bank, which has 79 branches and 12.8 billion in assets.

“We are honored to have been chosen to partner with a well-recognized financial services leader like Apple Bank as it, as well as the entire industry, focuses on the growing complexities of compliance and compliance management,” Continuity CEO Michael Nicastro said.

Apple will use Continuity’s RegAdvisor Pro, RegControls and ControlsBuilder systems. They are among the products and services offered by Continuity to help smaller banks and credit unions keep track of and comply with ever-evolving government regulations. The systems will track changes, alert Apple officials when they occur as well as assist the bank with compliance and reporting.

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Founded in 2008, Continuity services about 220 financial institutions in all 50 states.

Christopher Hoffman can be reached at news@newhavenbiz.com