May 21, 2008 — Modulo, the market leader in the information security industry, and its North American partner VioPoint, announced that GreenStone Farm Credit Services (GSFCS) has selected Modulo Risk Manager(TM) solution to automate its regulatory compliance.
In response to detailed requirements from the Internal Audit department, GSFCS — Michigan’s largest agricultural lender, with several locations in Wisconsin — was looking for an efficient way to conduct its risk assessment.
By leveraging the capabilities of Modulo Risk Manager, the association gained the ability to reduce the cost of ongoing risk assessments. As a $4.5 billion organization of 17,000 members with 37 branches throughout Michigan and Wisconsin, GSFCS is now able to exert effective oversight and transparency of its component processes. The initial agreement between both corporations included installation and training on Modulo Risk Manager so that the GreenStone IT department could conduct follow-up assessments using their own internal staff.
About GreenStone Farm Credit
Located East Lansing, MI, GreenStone is the country’s fourth largest association in the Farm Credit System. It provides financial services to the agricultural industry — including short, intermediate and long-term loans, equipment and building leases, life and crop insurance, accounting and tax services, and appraisal services. GreenStone Capital Markets provides lending services to commercial producers and agribusiness. GreenStone also specializes in residential & country home loans, provides lending products for the purchase, improvement, construction or refinance of residences along with financing future home sites.
Viopoint is a strategic solution provider that helps organizations identify, quantify, and manage the risk associated with information assets. Its unique approach begins with the assumption that effectively managing risk requires a balanced combination of process knowledge and appropriate technology.
Modulo is a market leader for IT governance, risk and compliance management. Modulo’s Manager Software provides organizations with the tools they need to automate the processes required for assessing and eliminating security vulnerabilities and attaining regulatory compliance.