FREDERICK, Md. — AffirmX said it will be offering an entry-level version of its patented compliance solution platform available to credit unions on an asset-size pricing basis. For some small institutions that are members participating leagues, the solution, called AffirmX Lite, will be free.
"When it comes to compliance management solutions, there's no shortage of resources out there," said Ken Wolff, President/CEO of AffirmX. "But for those do-it-yourself institutions with limited means, the options are far more limited. Hence, we're pleased to introduce this self-driven version of the AffirmX's Risk Intel Center platform called AffirmX Lite."
AffirmX Lite is designed to grow with credit unions and work with all of their available compliance sources, libraries and websites including the addition of the MyRiskInbox suite of tools, courses, educational videos and compliance information, the company said. Being on the platform will also allow access to the firm's industry alerts and reporters given to all customers and the ability to evaluate all the other solutions available through AffirmX. From compliance to IT to vendor management, AffirmX has solutions for every sized institution.