Permanent ‘Crisis Mode’ Assures Vigilance
Polices Backed by Significant Internal Controls
Finiracle’s roots date back to 1991 — a time of great distress within the financial industry. Almost immediately after the company’s founding, a group of prospects — seven New Hampshire banks with combined assets of $5.3 billion — were seized by the Federal Deposit Insurance Corporation (FDIC).
If anything was to discourage the new company that would have been it. However, the challenge was invigorating. Finiracle quickly developed the talent, expertise and ability to adapt that has since set it miles apart.
Defined Process Ensures Compliance Each Step of the Way
Legal and regulatory actions stemming from the 1991 and 2007 crises — not to mention organic growth of rules and policies — has proven confusing and burdensome for many. Finiracle stays up to date, reviews the big picture and identifies and resolves conflicts before they can occur.
Staff members are continually trained in the myriad state and federal rules governing financial sector disclosures. Additional services are available for those seeking to become compliant with Global Investment Performance Standards® or adopt other voluntary best practices.
Security and Disaster Recovery Need Not Conflict
The rise of the Internet and new forms of electronic banking added myriad new levels of security concerns. There, too, Finiracle proved its ability to adapt — adding full Web capabilities in 1996.
Some organizations have discovered a serious gap between security and business continuity and disaster recovery planning. This is because a reliance on proprietary, third-party systems inhibits redeployment of systems during an emergency. Finiracle uniquely offers full portability of Web technologies so your institution can be up and running with full capabilities almost immediately after a crisis.
Zealously Ethical Safeguards Offer Unparalleled Protection
Finiracle’s strong internal code of ethics governs every area of company policy. It specifies commitments to clients, values, integrity, rules regarding supplier relationships and much more. Penalties for non-compliance are swift and severe.
Finiracle, for example, does not permit its output to be entered into contests since the criteria for winning such competitions may compete with client interests. Meeting clients’ goals is the only acceptable measure of success. Likewise, clients are never steered into inappropriate technologies because incentives from outside vendors (commissions, gifts, etc.) are flatly refused.
See the extensive sidebar to learn more about the Finiracle difference and how your institution may benefit.
Key Benefits
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Training
Staff members have educational degrees from reputable institutions in applicable arts and sciences. Each has also received additional instruction in security, regulatory compliance and other industry-specific topics. -
Technology
Team members are supported by high-end, state-of-the-art hardware, software and modern facilities. As a result you receive contemporary solutions, respectable outcomes and higher quality materials meeting all requirements. Finiracle also employs open source technologies, where available, enabling you to enjoy substantially lower hosting and operational fees over time. -
Data Security
Enjoy state-of-the-art server protection and guards against such threats as footprinting, port scanning and security vulnerability. Outside auditors conduct regular tests and have determined Finiracle meets security requirements for Site Certification. -
Intellectual Property
Although it sometimes seems to cost more, Finiracle vigorously vets intellectual property dealers to protect clients from infringement suits. -
Workers’ Compensation
Many firms use “freelance” self-employed or sub-contract individuals without proper Workers’ Compensation insurance. Under the law, no contract can relieve you of the liability you face if one of these people becomes injured while working on your time. Finiracle provides full Workers’ Compensation insurance for all staff. -
Depth of Experience/Economic Resiliency
This may seem like the “no brainer” on the list, but lack of due diligence here has resulted in costly consequences for some. Finiracle has won acclaim for its depth of experience, ability to adapt and longevity.
