Software
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March 21, 2025
Vantage Bank has selected SRA Watchtower for its Holistic Risk and Business Intelligence Platform for risk management. With this platform, the bank will centralize all risk data, optimize reporting and align risk for strategic goals, according to a press release.
“Watchtower is uniquely designed to help financial institutions consolidate their risk data, streamline reporting, and proactively manage their risk profile,” Edward Vincent, CEO of SRA Watchtower, said in the release. “We will work with Vantage Bank to strengthen their operational resilience and help them make data-driven decisions with confidence. We are excited to partner with Vantage Bank to support their forward-thinking approach to enterprise risk management.”
“With our asset base growing rapidly, we recognized that we need to invest in integrating our established Enterprise Risk Management program into a comprehensive platform. To achieve this, we extensively evaluated market solutions. Our choice to partner with SRA Watchtower was driven by the necessity of a robust risk data repository, capable of consolidating data from diverse sources and enabling seamless monitoring of our enterprise risk profile,” Joel Castaneda, EVP and chief risk officer of Vantage Bank, said in the release. “What truly stood out was how our forward-thinking vision for risk data management closely aligned with Watchtower’s strategy.”
