NewswireToday - /newswire/ -
Toronto, Ontario, Canada, 2013/01/24 - BPS Resolver is pleased to announce that HomEquity Bank has become the charter client of the Legislative Compliance Content solution which was recently launched jointly by BPS Resolver and the Canadian Compliance Group (CCG) - HomEquityBank.ca.
CCG and BPS Resolver have built a turn-key solution for compliance risk management for the Canadian banking and finanical services sector. It brings together legal content developed by CCG and BPS Resolver’s compliance, risk & audit software platform. CCG is led by John Jason, former Chief Compliance Officer at Bank of Montreal.
“BPS Resolver’s software solution, coupled with CCG’s 20 years of experience advising clients on regulatory requirements and hands-on experience at one of Canada’s largest financial institutions, makes this a very attractive legal compliance management tool,” said Celia Cuthbertson, VP, General Counsel and Chief Compliance Officer at HomEquity.
For over a decade, BPS Resolver’s GRC suite has made it simple for companies to mobilize their people to address business, audit, risk, and compliance issues proactively and to demonstrate and document these efforts to internal and external stakeholders.
“We’re very excited about the opportunity to roll out the LCC solution at HomEquity,” said Malissa Lundgren, VP of Services and Client Experience at BPS Resolver. “Having just announced this joint offering in partnership with Canadian Compliance Group, it is exciting to see us have such great success at an early stage. We believe this is a solution that will bring great efficiencies and benefits to the banking sector and further demonstrates BPS Resolver’s continuing leadership in product innovation.”
About HomEquity Bank
HomEquity Bank (homequitybank.ca) is the only national provider of reverse mortgages to Canadian seniors. HomEquity Bank originates and administers Canada’s largest portfolio of reverse mortgages under the CHIP Home Income Plan brand. HomEquity Bank’s predecessor, Canadian Home Income Plan Corporation, has been the main underwriter of reverse mortgages in Canada since pioneering the concept in 1986. The CHIP Home Income Plan is a solution to the financial needs of Canadians seniors (55 years +). It is a type of residential mortgage that permits qualifying homeowners to convert a portion of their home equity into cash on a tax-free basis while remaining in the home. HomEquity Bank also provides competitive Guaranteed Investment Certificates (GICs) to investors across Canada. These GICs are available through a network of independent deposit brokers.
About BPS Resolver
BPS Resolver (bpsresolver.com) is the global leader in Governance, Risk and Compliance (GRC) software, with more than 300 clients in 40 countries. For over a decade, BPS Resolver’s proven integrated solution has enabled organizations to gain significant efficiencies, and address their business, audit, risk and compliance issues more effectively. Their GRC suite is among the broadest and most comprehensive platforms in the industry, spanning Finance & Internal Control (SOX, 52-109, A-123), Legislative Compliance, Internal Audit, Risk Management, Group Assessment & Identifications Workshop Tools, Incident Management and more. It is an exceptionally flexible system, with a highly configurable central repository and reporting engine, allowing you to easily adapt to the ongoing changes to regulatory and business requirements. Tying it all together, the powerful and easily configurable Workflow engine can provide substantial benefits and efficiencies by automating and streamlining your organization’s manual processes.