American Bankers Association's Senior Vice President of Risk and Compliance Markets, Ryan Rasske, interviewed Andy Sandler about his role in the industry and strategies behind compliance technology and its impact on financial services.

Bank of America Chief Operations and Technology Officer Cathy Bessant, Asurity Founder and CEO Andrew Sandler, Asurity COO Luke Wimer, and RiskExec President Dr. Anurag Agarwal explain the how, why, and when AI and automation will get its due.

At last year’s new regulatory technology conference, RegTech Enable, two telling statistics revealed the mounting cost for financial lending institutions to maintain and respond to government compliance: United States banks paid out $150 billion in fines, settlements and penalties since 2008, and financial institutions spent $70 billion on regulatory compliance. American Bankers Association reported that 84% of banks needed to hire more staff to manage the growing influx of information and changes. 

HMDA 2018 is lurking in the shadows of the new year ahead and institutions are scrambling to keep up with all the ghouls and ghosts it brings with it. But what they’re not considering may be even harder to stomach.

Asurity Technologies leads by a central principle that to build the best solutions, we must have the best infrastructure to support them. Now, with a new private data center co-located in Ashburn, Virginia and Sacramento, California, we upped our game in providing compliance solutions built using modern technologies with reliability and security in mind.

In 1915, Albert Einstein proposed the general theory of relativity, where he explains gravity as a consequence, rather than a force. Anything of mass, he theorizes, has an equivalent amount of energy. And, the greater the mass, the greater the energy. E=MC2. And like Einstein’s mass-energy equation, compliance is the consequence of regulation.

This article was orginally published on the PROGRESS in Lending Association website on May 30, 2017: As a lender, we believe your focus is, increasingly, on generating and maintaining a profitable origination business in this volatile market. Constantly worrying about the enormous...

Washington, DC (May 25, 2017) - Asurity Technologies (Asurity) https://www.asurity.com announces its formation as an entity bringing together Treliant Solutions, LLC, Risk Management Solutions, Inc. (RMS) and Mortgage Resources Group, LLC (MRG) into an integrated best-in-class compliance platform. Asurity Technologies is an enterprise...

Buckley Sandler, a legal firm specializing in financial services, government enforcement, and litigation, recently released an article covering the FDIC’s publication of its third volume of the Affordable Mortgage Lending Guide on April 6, 2017. This guide is designed to help community...

The FDIC released its list of “state nonmember banks recently evaluated for compliance with the Community Reinvestment Act” on April 5, 2017. Buckley Sandler, a legal firm with specialization in financial services, government enforcement, and litigation, covered the release of the April list...