Basel-II News

GreenStone Selects Modulo's Risk and Compliance Solution

(May 22, 2008)-- Modulo has announced that GreenStone Farm Credit Services (GSFCS) has selected Modulo Risk Manager solution to automate its regulatory compliance.

In response to detailed requirements from the Internal Audit department, GSFCS -- Michigan's largest agricultural lender, with several locations in Wisconsin -- was looking for an efficient way to conduct its risk assessment.

By leveraging the capabilities of Modulo Risk Manager, the association gained the ability to reduce the cost of ongoing risk assessments. As a $4.5 billion organization of 17,000 members with 37 branches throughout Michigan and Wisconsin, GSFCS is now able to exert effective oversight and transparency of its component processes.

The initial agreement between both corporations included installation and training on Modulo Risk Manager so that the GreenStone IT department could conduct follow-up assessments using their own internal staff.

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