Case Study: Carver Federal Savings Bank achieves regulator-approved, 90-day ERM deployment with Mitratech EnterpriseInsight

How ERM solution, EnterpriseInsightTM, satisfied regulators and was implemented in just 90 Days at Carver Federal Savings Bank

Carver Federal Savings Bank, a 70-year-old community bank with $0.7B in assets and 130 employees, needed to move from disconnected risk practices to a holistic Enterprise Risk Management (ERM) framework that would satisfy rigorous regulatory expectations. Leadership gave the newly hired Director of IT 90 days to select and deploy an ERM-GRC solution that could improve risk visibility, management and board reporting across processes, products, applications and partners.

Mitratech’s EnterpriseInsightTM, using its out-of-the-box process template and configurable control tables, was tailored in days and fully deployed within the 90-day deadline. The platform enabled relational assessments of process, product and partner risks, produced examiner- and board-ready reporting on inherent and residual risk and control effectiveness, received praise from regulators and executives, and now provides a flexible foundation for ongoing ERM expansion.

Carver Federal Savings Bank