Friday, October 27, 2006

ControlPath Ties Into Industry Standards

Englewood-based ControlPath, a developer of automated compliance management, said this week that it has joined the Financial Institution Shared Assessments Program. The firm said that by joining the program and integrating the program's procedures into its library, it will make it easier for financial institutions to measure risk, set baselines, and manage compliance remediation tasks. ControlPath's software is used for compliance monitoring. The Financial Institution Shared Assessments Programs is a program used by financial institutions to evaluate IT service providers, and is managed by the group BITS.