Verifying All Deposits Are Collateralized at a Touch of a Single Button

By Joe Rulison, Executive Chair and Co-Founder

In late 2023, Suffolk County, NY Comptroller John Kennedy set out on a mission to create a platform that would provide a comprehensive view of all bank deposits that would also verify the correct level of collateral required by the Comptroller’s Offices of both New York State and his county. If successful, his initiative would provide the highest safety and protection on all taxpayer dollars under his watch.

 In partnership with three+one, Kennedy’s office worked on and created just such a program. At the touch of a button, it captures all bank deposits throughout the county, including all departments, and verifies all levels and quality of the required collateral. Suffolk County’s successful initiative has been truly groundbreaking, setting a new national standard for all public entities.

A huge thank you goes out to Comptroller Kennedy, his dedicated team, and County Executive Edward Romaine. Working together, we’re setting a new standard for transparency and proactive financial management.

To read more about this exciting initiative, click on the link below:  https://southshorepress.com/stories/669783004-new-system-for-suffolk-financial-watchdog