Azimuth extends relationship with Truist to enhance its automation capabilities
Azimuth has announced an expansion of its strategic partnership with Truist Financial Corp (NYSE: TFC) through a multi-year agreement. Truist will implement Azimuth's VALIDATOR software to deploy automated, full-population compliance monitoring across multiple consumer businesses. The partnership, which began in December 2021 with an investment from Truist Ventures, will enhance comprehensive monitoring capabilities and simplify data analysis for reporting. The implementation aims to improve efficiencies and reduce costs in Truist's compliance efforts.
Azimuth ha annunciato un'espansione della sua partnership strategica con Truist Financial Corp (NYSE: TFC) attraverso un accordo pluriennale. Truist implementerà il software VALIDATOR di Azimuth per eseguire un monitoraggio della conformità automatizzato e completo su più attività consumer. La partnership, iniziata a dicembre 2021 con un investimento da parte di Truist Ventures, migliorerà le capacità di monitoraggio complessivo e semplificherà l'analisi dei dati per la reportistica. L'implementazione mira a migliorare l'efficienza e ridurre i costi negli sforzi di conformità di Truist.
Azimuth ha anunciado una expansión de su asociación estratégica con Truist Financial Corp (NYSE: TFC) a través de un acuerdo por varios años. Truist implementará el software VALIDATOR de Azimuth para realizar un monitoreo automatizado y completo del cumplimiento normativo en múltiples negocios de consumo. La asociación, que comenzó en diciembre de 2021 con una inversión de Truist Ventures, mejorará las capacidades de monitoreo integral y simplificará el análisis de datos para la elaboración de informes. La implementación tiene como objetivo mejorar la eficiencia y reducir los costos en los esfuerzos de cumplimiento de Truist.
Azimuth는 Truist Financial Corp (NYSE: TFC)와 전략적 파트너십을 다년간 확장한다고 발표했습니다. Truist는 Azimuth의 VALIDATOR 소프트웨어를 구현하여 여러 소비자 비즈니스에서 자동화된 완전 인구 준수 모니터링을 배포할 계획입니다. 2021년 12월에 Truist Ventures의 투자를 통해 시작된 파트너십은 포괄적인 모니터링 기능을 향상시키고 보고를 위한 데이터 분석을 간소화합니다. 이 구현은 Truist의 준수 노력에서 효율성을 높이고 비용을 줄이는 것을 목표로 합니다.
Azimuth a annoncé une élargissement de son partenariat stratégique avec Truist Financial Corp (NYSE: TFC) par le biais d'un accord pluriannuel. Truist mettra en œuvre le logiciel VALIDATOR d'Azimuth pour déployer une surveillance de la conformité automatisée et complète sur plusieurs entreprises de consommation. Le partenariat, qui a débuté en décembre 2021 avec un investissement de Truist Ventures, améliorera les capacités de surveillance globales et simplifiera l'analyse des données pour les rapports. L'implémentation vise à améliorer l'efficacité et à réduire les coûts des efforts de conformité de Truist.
Azimuth hat eine Erweiterung seiner strategischen Partnerschaft mit Truist Financial Corp (NYSE: TFC) durch eine mehrjährige Vereinbarung angekündigt. Truist wird die VALIDATOR-Software von Azimuth implementieren, um automatisierte, umfassende Compliance-Überwachung in mehreren Verbraucherunternehmen durchzuführen. Die Partnerschaft, die im Dezember 2021 mit einer Investition von Truist Ventures begann, wird die umfassenden Überwachungsmöglichkeiten verbessern und die Datenanalyse für Berichte vereinfachen. Mit der Implementierung soll die Effizienz gesteigert und die Kosten in den Compliance-Bemühungen von Truist gesenkt werden.
- Multi-year contract expansion with major financial institution Truist
- Broader implementation of VALIDATOR software across multiple business lines
- Expected cost reduction and improved operational efficiency for client
- None.
Insights
This strategic partnership expansion marks a significant advancement in Truist's compliance infrastructure. The implementation of Azimuth's VALIDATOR software represents a substantial operational upgrade that will streamline compliance monitoring across multiple consumer business segments. The multi-year commitment indicates a significant investment in automating regulatory oversight processes.
The technology integration will likely result in measurable cost reductions through automation of manual compliance processes and improved operational efficiency. Full-population monitoring capabilities, as opposed to sampling methods, will enhance risk management and reduce potential regulatory exposure. This modernization of compliance infrastructure aligns with industry trends toward RegTech adoption and could position Truist favorably with regulators.
This multi-year agreement broadens the partnership that began in December 2021 with an investment from Truist Ventures and integration with several of Truist's individual business lines and products.
"Truist is a longstanding, trusted partner and this multi-year expansion is integral for both companies," said Rohin Tagra, Founder and CEO of Azimuth. "Industry leaders know they must continuously innovate, and we look forward to continuing to work with Truist and we're honored the bank chose the VALIDATOR platform as the future of compliance."
In addition to increasing full-population compliance monitoring across consumer business lines and products, implementation of the VALIDATOR software will enable more comprehensive monitoring and simplify data analysis for ease of reporting.
"At Truist, we are dedicated to fostering innovation that serve our clients' best interests," said Brad Bender, Interim Chief Information Officer. "By extending our partnership with Azimuth, we will improve efficiencies, reduce costs, and continue our commitment to leveraging the latest technology in our compliance efforts."
For more information on Azimuth's VALIDATOR software or to request a demonstration, contact sales@azimuthgrc.com or visit azimuthgrc.com/contact-us.
About Azimuth Azimuth is a leading provider of regulatory compliance technology, offering innovative solutions that automate and streamline compliance processes. Our mission is to ensure fair and equitable treatment through revolutionary compliance technology, enabling financial institutions to meet regulatory requirements with ease and precision. Learn more at AzimuthGRC.com.
About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading
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