BAI and RMA Come Together to Form ProSight Financial Association

CHICAGO, November 12, 2024 — BAI (Bank Administration Institute) and RMA (Risk Management Association) have merged to form ProSight Financial Association. This strategic combination brings together two of the most trusted organizations in the financial services industry, combining RMA’s expertise in serving commercial banking and risk management functions with BAI’s knowledge in serving retail banking and regulatory compliance functions.

As BAI and RMA joined forces, it was crucial to preserve and build upon their 100+ year-old histories and trusted reputations to always prioritize the best interests of their members and customers. Simultaneously, the need for a new name that reflects the enhanced value the combined organization will deliver was recognized. ProSight Financial Association was selected to symbolize the organization’s proactive and professional support of the financial services industry and the valuable insights they provide to help leaders act with confidence.

“The combination of BAI and RMA as ProSight is significant for many reasons, particularly because of the wide range of complementary offerings that provide such valuable support to the industry,” said Debbie Bianucci, president and CEO at ProSight. “This unique position enables ProSight to provide our members and partners with insights, powerful tools, and valuable resources that help them achieve their business strategies, allowing them to meet the complex challenges they face. ProSight is dedicated to helping its members and customers conquer those challenges, guiding them towards new opportunities and creating positive ripple effects that ultimately help consumers, businesses, and communities thrive.”

As ProSight, the organization has enhanced its ability to support financial services professionals during a time when the industry faces the challenge of meeting changing customer needs, adopting emerging business strategies, and managing more complex risk and compliance issues. ProSight is committed to helping its members and customers conquer these challenges, guiding them towards new opportunities and creating positive ripple effects that ultimately help consumers, businesses, and communities thrive.

“The ProSight Board is passionate about the financial services industry and making it as strong as it can be,” said Jodi Richard, vice chair & chief risk officer at U.S. Bancorp and chair of the ProSight Board of Directors. “The Board includes financial services executives with diverse backgrounds and experiences who believe in the importance of ProSight and the positive impact the organization will have on our industry.”

“I’ve known and valued both the BAI and RMA organizations for many years, and they’re even better together as ProSight,” said Todd Barnhart, EVP & head of retail distribution at PNC and vice chair of the ProSight Board of Directors. “It’s an honor to serve on the Board and support their purpose of advancing and strengthening the industry.”

About ProSight Financial Association

ProSight Financial Association is a non-profit organization formed through the merger of BAI and RMA. Focusing on empowering financial services leaders, ProSight provides relevant insights, powerful tools, and unique resources to help its members strengthen and advance the industry. ProSight’s expertise spans retail and commercial banking, with deep knowledge in risk and compliance, enabling the organization to support professionals in meeting the challenges of a rapidly evolving industry. For more information, visit www.ProSightFA.org.