NEW HAVEN, Conn., Feb. 27, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Continuity, a leading provider of compliance management and regulatory technology, today announced that Howard Pitkin, the former Commissioner of Banking for the State of Connecticut, has been elected to the company’s board of directors. The addition of Mr. Pitkin to the company’s board was announced by Chief Executive Officer and Director Michael Nicastro.
“We are thrilled and honored to have a such a well-recognized and experienced regulator as Howard Pitkin join our board,” stated Nicastro. “Howard has been involved with and has managed many different facets of compliance over his 40-year career in banking oversight. This level of expertise along with his relationships with the 49 other state regulators as well as federal agencies will be integral to Continuity as we continue to build compliance solutions on our compliance platform for financial institutions.”
Mr. Pitkin, who served with the Connecticut Department of Banking for 40 years, was appointed in 2006 to Banking Commissioner by then Governor M. Jodi Rell and again in 2010 by Governor Dannel Malloy. Pitkin is a 1985 graduate of the ABA Stonier Graduate School of Banking at Rutgers University. Since his retirement as Banking Commissioner in January of 2015, Mr. Pitkin has been the American Saving Foundation Banking Fellow at Central Connecticut State University School of Business, an AA-CSB accredited school of business.
Acknowledging his election, Mr. Pitkin commented, “I’m very happy and excited to be joining the governance team at Continuity, knowing first-hand the challenges that financial institutions face every day. The ever-growing complexity of rules and regulations makes it crucial to have a platform such as Continuity’s to help simplify the burden.”
In addition to Mr. Nicastro, Mr. Pitkin joins Continuity board members Andy Greenawalt, Continuity Founder and Principal of Gnostic Ventures, Rik Vandevenne, Managing Director of River Cities Capital Funds, and Peter Longo, Senior Managing Director - Investments at Connecticut Innovations.
About Continuity
Continuity is a leading provider of Regulatory Technology (RegTech) solutions that automate compliance management for financial institutions of all sizes. By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate compliance risk at a fraction of the cost. Our solutions are designed to automate all aspects of compliance management, from interpretation of regulatory issuances through intuitive task delegation, vendor management, and board reporting. Continuity serves hundreds of institutions across the US and its territories. For more information about Continuity, visit http://www.Continuity.net/.