Speed and compliance can pull in opposite directions in consumer lending – the faster an application moves, the more pressure it puts on the policies, disclosures, and marketing materials behind it to keep up. Clutch’s partnership with ViClarity, a global governance, risk, and compliance (GRC) provider for credit unions, is built to keep those two priorities aligned rather than in tension.
ViClarity reviews policies, procedures, disclosures, and marketing materials to confirm they align with the federal laws and regulations that govern credit unions. That expertise matters more, not less, as lending technology moves faster: Clutch works with credit unions that carry meaningfully different risk tolerances and different levels of in-house regulatory expertise, and a shared compliance partner gives all of them a consistent standard to build against.
“We’re proud to share our expertise with the Clutch team as they bring creative fintech solutions to the credit union space,” said Darron Dunn, ViClarity Chief Services Officer. “It’s exciting to see the expanded services and loan origination growth that’s possible for these organizations.”
Nicholas Hinrichsen, CEO of Clutch, tied the partnership back to one of the company’s core values: “We’re turning credit unions into fintechs, and by building cutting-edge technology, we must not lose sight of governance, risk, and compliance. ViClarity has been a great partner to help us ‘Always Do the Right Thing’ and help us help our clients.”
For compliance and risk leaders at credit unions evaluating new lending technology, the practical question this partnership answers is: who is validating the guardrails as the platform moves faster? ViClarity’s role is to make sure that answer is never “no one.”
Request a demo to see how Clutch balances speed and compliance in practice.
About ViClarity
ViClarity is an award-winning provider of governance, risk, and compliance (GRC) management solutions. A global organization, ViClarity has headquarters in Des Moines, Iowa, and Kerry, Ireland, and provides services for nearly 1,000 clients in various highly regulated industries. The firm’s flagship technology is a centralized platform that supplies GRC professionals with real-time access to business intelligence for faster, data-based decision-making.