Case Study: Carver Federal Savings Bank achieves 90-day ERM deployment and regulator praise with VendorInsight's Procipient®

New Procipient® Software Satises Regulators and is Implemented in 90-Days at Carver Federal Savings Bank

Carver Federal Savings Bank, a 70‑year community bank, faced fragmented risk evaluation methods and a strategic mandate to implement a holistic ERM framework and risk-assess all areas within 90 days. To improve risk visibility, management and board/examiner reporting, the bank selected VendorInsight’s Procipient® ERM SaaS platform as the flexible, regulator-ready solution.

VendorInsight implemented Procipient® using its Process Template (covering 175+ financial processes) and configurable Assessment Control Tables to relationally assess processes, products, solutions and partners—measuring inherent risk, likelihood, control effectiveness and residual risk. Delivered in 90 days, the Procipient® deployment enabled enterprise-wide roll-up reporting, streamlined assessments, and earned compliments from examiners, executives and the board for meeting regulatory expectations.

Carver Federal Savings Bank

Carver Federal Savings Bank

Director of IT