360factors Selected by First Hawaiian Bank to Provide Compliance and Risk Management Solutions
GRC Technology Leader endorsed by American Bankers Association (ABA) selected by Hawaii's oldest and largest financial institution and long-term ABA Member.
AUSTIN, Texas, July 23, 2019 /PRNewswire-PRWeb/ -- First Hawaiian Bank will be deploying a GRC solution within 360factors' flagship platform, Predict360™. The integrated governance, risk, and compliance platform's business intelligence engine will provide real-time executive dashboards, giving managers a holistic view of compliance activities across the entire institution. It is anticipated that the solution will be rolled out in multiple phases as part of what First Hawaiian and 360factors expect to be a long-term relationship. First Hawaiian is Hawaii's oldest and largest financial institution with branches throughout Hawaii, Guam and Saipan. 360factors is an industry thought leader involving GRC solutions, pioneering the use of artificial intelligence to empower companies to manage compliance and risk.
First Hawaiian Bank continuously strives to improve risk and compliance management by automating and streamlining GRC processes across the organization. While most solutions projected a long implementation period and required extensive training to use, First Hawaiian gravitated towards the usability of the system and quick deployment of Predict360 to drive service delivery and employee adoption. Predict360, with its industry best implementation timeframe and a user-friendly intuitive interface, provides an excellent fit for their organization.
"Meeting the increasing pace of business and rising compliance challenges needs a modern approach, and we wanted to ensure our regulatory change and compliance frameworks were ready for the organizational growth we expect in the future" said Gina Anonuevo, Chief Compliance Officer at First Hawaiian Bank. "We believe our collaboration with 360factors and the technology they bring supports our vision for the future."
Ms. Anonuevo went on to say that a key factor in selecting Predict360 was the lack of a disruptive implementation. "We have more than 2,100 employees spread across more than 60 different locations" Ms. Anonuevo commented, "It was vital to look for a solution that not only provided us with the technology, but also a solution that could be implemented successfully across the organization and help our employees meet our regulatory obligations. Predict360's strengths aligned well with our requirements."
"We are proud to work with First Hawaiian Bank in providing our GRC solution suite to help them manage their risks and ensure regulatory compliance," said Carl L. McCauley, CEO for 360factors, Inc. "Our technology will increase operational efficiency and enable First Hawaiian to deliver the best possible service to their customers while ensuring compliance with their internal and regulatory obligations. The American Banking Association's (ABA) endorsement for our compliance management software helps provide confidence to our customers that Predict360 is the best GRC solution for banks and financial institutions of all sizes."
As a GRC solutions leader within the banking, financial services and FinTech industries, 360factors Inc. continues to develop relationships with companies of all sizes looking to remove obstacles of inefficiency and bring about an effective and efficient governance, risk and compliance solution that meets the ever-changing demands of their business.
About 360factors
360factors empowers organizations to accelerate productivity, innovation and profitability by predicting risk and mitigating compliance. Predict360, its flagship software product, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational and regulatory risks. Predict360 integrates regulations and obligations, compliance management, policies and procedures, risks and controls, audits and assessments, and training in a single cloud-based SaaS platform based on artificial intelligence to provide predictive analytics and unique insights for predicting risks and mitigating compliance. Visit http://www.360factors.com for more information.
About First Hawaiian Bank
First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii's oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. First Hawaiian, Inc. (NASDAQ: FHB) is the parent company of First Hawaiian Bank. For more information about First Hawaiian Bank visit http://www.fhb.com.
SOURCE 360factors Inc.
Share this article