Continuity

Continuity operates as a regulatory technology (RegTech) firm, providing cloud-based solutions to automate compliance management for financial institutions. The company was founded in 2008 by a team of technology, banking, and compliance specialists, including Andy Greenawalt. Greenawalt, a serial entrepreneur with a background in creating cloud security solutions, drew upon his experience to address the complex regulatory landscape faced by financial institutions. His previous venture, Perimeter eSecurity, pioneered the “security in the cloud” concept in the late 1990s.

The firm's business model is centered on a subscription-based service that delivers a comprehensive compliance management system. This platform serves banks, credit unions, and other financial services organizations across the United States. Revenue is generated by providing clients with tools to manage regulatory changes, handle internal controls, oversee vendors, and generate reports for boards. The company's core offering translates complex regulatory updates into actionable tasks, aiming to reduce the compliance burden and associated risks for its clients.

Continuity's main product suite functions as an integrated Governance, Risk, and Compliance (GRC) solution. A key feature is the Regulatory Operations Center (ROC), an expert team that analyzes federal and state regulatory changes and pushes real-time updates and recommended actions to clients. The platform includes tools like RegAdvisor® for expert analysis of regulatory changes, RiskAdvisor for identifying key risk indicators, and RegControls™ which offers over 400 pre-built controls for compliance management. An AI-driven component analyzes data to identify potential issues and learn a client's specific risk environment. In September 2019, the company expanded its capabilities by acquiring TraceRisk, an enterprise risk management (ERM) platform, to integrate strategic risk management with tactical compliance oversight. This growth trajectory culminated in December 2021, when Continuity was acquired by Mitratech, a global provider of legal, risk, and compliance software, integrating its RegTech solutions into Mitratech's broader GRC product suite.

Keywords: regulatory technology, RegTech, compliance management, financial institutions, risk management, GRC, regulatory change management, compliance automation, vendor management, Andy Greenawalt, Mitratech, cloud compliance, financial compliance software, banking compliance, credit union compliance, regulatory reporting, compliance-as-a-service, internal controls, enterprise risk management, automated compliance