Inclusiv Introduces Cutting-Edge Compliance Solution for Community Development Credit Unions with ViClarity Partnership
Des Moines, IA and New York, NY (May 8, 2024) — Inclusiv, a leader in promoting financial inclusion and economic justice announced today a significant partnership with ViClarity, an award-winning provider of governance, risk, and compliance solutions. This collaboration aims to improve the operational efficiency and regulatory compliance of small and Minority Depository Institution (MDIs) credit unions through advanced RegTech tools.
The partnership introduces three crucial solution modules tailored specifically for credit unions with assets under $100 million or those designated as MDIs. These tools include Complaint Management, Exam/Audit Tracker, and Vendor Management, all designed to streamline compliance processes and reduce administrative burdens, and empowering community-based financial institutions to focus more on their core mission.
Andrea Lally, Vice President of Network Engagement at Inclusiv, emphasized the impact of this partnership, stating, "Our collaboration with ViClarity is a game-changer for small credit unions and MDIs striving to strengthen their compliance frameworks. This initiative is a testament to our commitment to equipping our members with cutting-edge tools that drive sustainability and growth in a rapidly evolving financial landscape."
Ogie Sheehy, ViClarity’s founder and Interim Global CEO, commented, "Working with the Inclusiv team to bring our award-winning technology to small credit unions has been a very rewarding process. The collaboration allowed us to work directly with the credit unions to understand their pain points and then work together to develop solutions that drive efficiencies and compliance rigor. The combined experience of Inclusiv, the participating credit unions and ViClarity is quite powerful and together we’ve created high-value solutions unique to this partnership."
The partnership also offers exclusive benefits for Inclusiv’s members...