In our industry we are accustomed to thinking of risk as something we need to constantly assess and evaluate. At best, this exercise can be laborious and time-consuming. The number of risk factors to consider can run into the hundreds, often with different parts of the organization best qualified to assess each risk. The typical […]
With Strunk’s most recent release, clients can now utilize new features in Risk Assessor, Policy Manager, Controls Manager, Vendor Manager, Skills Manager and ODP Manager. We’ve been busy! Risk Assessor now provides the ability to pull multiple bank UBPR Data into one single risk assessment. This will simplify assessments for multi-bank holding companies. Criteria based […]
If your company is like Strunk, then a SOC 2 exam is an annual topic of conversation and the certification from your CPA firm is something you proudly provide your clients. At Strunk we have built a full-featured solution to help not only manage the policies your organization follows but to tie those policies back […]
At Strunk, we have been focused on assisting clients with an unprecedented struggle these past few months due to the current COVID-19 pandemic. Overwhelmingly, the second quarter has been a very difficult time for overdraft/NSF fee income. According to a recent study published by S&P Global Market Intelligence overdraft/NSF income is down 49% industry-wide in […]
This summer Strunk has been hard at work making value added changes to enhance all of our applications. Customers will be able to leverage the convenience and organization of Policy Manager now more than ever. Through our next release the solution will now include a suggestions feature, criteria based auto assignment and the ability to […]
If you are a Risk Assessor or Policy Manager user today, you may not be aware that Skills Manager is packaged with your solution. In order for your organization policies to be effective, your employees need to know the material. Skills Manager also lets you determine if your employees remember key aspects of those policies […]
Financial institutions are at risk for an increasing amount and sophistication of cybersecurity breaches and threats. For this reason, the Federal Financial Institutions Examination Council (FFIEC) created a Cybersecurity Assessment Tool to help institutions identify the risks they face and to be sure they are prepared in the event they are faced with one of […]
In 2015 Strunk launched Risk Manager which has now evolved into a full featured Governance, Risk Management, and Compliance (GRC) solution including Risk Assessor, Policy Manager, Controls Manager, Vendor Manager, Issues Manager, and Skills Manager tools. Today, as an added service for Risk Manager clients, we are announcing the availability of standard template policies for […]
For over 40 years Strunk has been proud to work with financial institutions across the country to provide fee income strategy, risk management and compliance solutions. We are now bringing the power and reliability of our software applications to serve investment advisory firms and broker-dealers. Any organization wants to be sure it has adequate policies […]
Strunk was proud to exhibit once again at the American Bankers Association’s Conference for Community Bankers February 9-11th. This event always proves to be one of our favorites, this year hosted at the Omni Orlando Resort at ChampionsGate. The event is a great way to reconnect with many customers and to build relationships with new […]
An independent certified public accountant has examined Strunk’s operations and found them to be in compliance with the AICPA’s Trust Service Principles. It was determined that Strunk meets the Security, Availability, Processing Integrity, Confidentiality, and Privacy criteria for SOC 2 established by the AICPA.
