If you heard the news that TRUPOINT and Ncontracts have joined forces and wanted to learn more, this post is for you! In it, we'll be answering a few of your top questions and providing additional details about the partnership.
Let's jump right in...
The short answer is that this only changes things in a positive way for current TRUPOINT and Ncontracts customers. Rest assured that both Ncontracts and TRUPOINT highly value our customers, so maintaining high quality service to you is our top priority.
“We are thrilled to add these great TRUPOINT customers and employees to the Ncontracts family. The team at TRUPOINT has built a strong reputation as an innovative leader in lending compliance solutions, which includes fair lending, CRA, and HMDA,” said Michael Berman, chief executive officer of Ncontracts in a last week's press release. “This acquisition is the natural progression of Ncontracts’ strategic growth plan. TRUPOINT enables us to provide a unified risk management solution and best-in-class service to help financial institutions reduce risk, improve compliance, and control costs. We are very excited about the opportunities moving forward together.”
On the TRUPOINT side, all existing customers will still work with the same Account Managers, Customer Success Managers, and Compliance Analysts. The products you know and love are all the same, and in the future, they will only continue to get better.
Here's some more great news: now TRUPOINT customers have access to a greater range of trusted compliance and risk management solutions. More on that next...
Great question! Both of these companies provide software and service solutions for financial institutions, with a focus on compliance and risk management. This puts us in a great position to provide even better data-driven insights for colleagues throughout the industry. Here is a quick list of the products and services that these two companies can provide, in aggregate:
If you're involved in compliance and risk management at a financial institution, you're really going to like this partnership.
“Together Ncontracts and TRUPOINT create an opportunity for all financial institutions to benefit from an integrated risk management platform that connects lending compliance and business intelligence with overall risk management,” says Trey Sullivan, president and chief executive officer of TRUPOINT. “The strength and experience of the combined teams will further our shared vision for growth while helping our customers reduce risk and lower the cost of regulatory compliance.”
You'll be able to more easily manage even more areas of your compliance and risk responsibilities, and become even better at helping your financial institution grow. The combination of the two companies means you can save time and money, reduce your vendor management burden, and experience the real benefits of two great customer-focused companies coming together.
In addition, both TRUPOINT and Ncontracts produce exceptional free resources, blog posts, and webinars, so it'll be even easier for you to stay up-to-date on your regulatory compliance requirements as these two companies evolve into one.
Please don't hesitate to contact us if you have questions or would like to learn more about how we can help!