Truist is broadening its partnership with compliance automation firm Azimuth to implement the VALIDATOR software platform across its consumer businesses, Azimuth said in a news release. The multi-year agreement expands on their initial 2021 collaboration that began with a Truist Ventures investment.
The expanded implementation aims to enable full-population compliance monitoring and streamline data analysis across multiple business lines at Truist, which holds $523 billion in total assets. The bank will use VALIDATOR for automated monitoring and simplified compliance reporting.
“Industry leaders know they must continuously innovate, and we look forward to continuing to work with Truist,” said Rohin Tagra, CEO of Azimuth. “We’re honored the bank chose the VALIDATOR platform as the future of compliance.”
