BayCoast Bank announced that on May 1st it partnered with BCube Analytics, Inc. to help BayCoast Bank and its affiliates address compliance challenges as it expands its footprint across the country.
Since the Bank’s operations are expanding throughout 16 states, the use of traditional solutions will result in significant increases in the effort and cost of compliance. With the BCube Compliance Delivery Platform (CDP), major challenges in compliance including rule management, requirement assessments & implementation and demonstration of compliance are simplified. The CDP serves as an enterprise compliance hub that improves control, firm-wide visibility and transparency for department and business unit managers as well as senior management and the Board. BCube is in the process of customizing the CDP to meet the specific needs of BayCoast, and the solution will be rolled out over the next several months.
The partnership with BCube Analytics also fits into BayCoast Bank’s efforts to focus on the communities in which they serve, with special focus on the South Coast of Massachusetts. BCube Analytics is headquartered at the UMass-Dartmouth’s Center for Innovation and Entrepreneurship, based out of Fall River.
“We are proud to be affiliated with an outstanding organization like BayCoast, which has done so much for the region. We are excited to work with the Bank and its affiliates to bring RegTech to the South Coast,” said Saji Nair, Founder and CEO of BCube Analytics, Inc. “We are glad to have the opportunity to provide our compliance solution at the bank to help reduce the time, effort and cost of compliance and to help transform their program to meet these challenges as the bank grows.”
“As BayCoast Bank continues to expand, we are excited to partner with a neighbor organization that can help us meet our regulatory compliance requirements,” said Nicholas Christ, President and CEO of BayCoast Bank. “We look forward to commencing this relationship and continue to better our organization, for the benefit of all.”
About BayCoast Bank
BayCoast Bank is mutually-owned, serving the needs of consumers, businesses, non-profits and municipalities through 18 branches and three loan offices throughout southeastern MA and RI. Additional services are offered through the Bank’s affiliates: BayCoast Financial Services, Plimoth Investment Advisors, Partners Insurance Group, LLC, BayCoast Mortgage Company, LLC, and Priority Funding LLC. Nicholas Christ is the Bank’s President and Chief Executive Officer. Visit www.BayCoastBank.com or call 508-678-7641 or 888-806-2872.
About BCube Analytics, Inc.
BCube Analytics, Inc. provides a cloud-based regulatory compliance solution, the BCube Compliance Delivery Platform (CDP) that serves as an enterprise compliance hub and is a new paradigm to manage the implementation of rules across any jurisdiction, regulatory agency or industry vertical. The solutions are cloud-based and designed to reduce the burden of compliance for regulated firms and to help consultants and others deliver their services more efficiently. Founded in 2011, BCube is headquartered in the UMass Dartmouth Center for Innovation and Entrepreneurship in Fall River, Mass. For more information, please visit www.bcubeanalytics.com or call 617-944-2823.
