Kinecta FCU Installs Wolters Kluwers Risk Management System
MANHATTAN BEACH, Calif. – Kinecta FCU said yesterday it signed with Wolters Kluwer Financial Services to implement 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 with the actionable compliance and risk intelligence they need, when and how they require within their enterprise risk management 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.
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.