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America's Community Bankers
Selects Banker's Toolbox as Preferred Solution Provider of
AML Detection and Reporting Systems
ACB officially endorses Banker's
Toolbox' automated AML solution because of focus on
community banks and their high level of customer service and
customer satisfaction
LOS ANGELES, April 3, 2006 -
America's Community Bankers has selected Banker's Toolbox,
Inc., a provider of enterprise software solutions designed
to increase operational efficiencies, as its Preferred
Solution Provider for anti-money laundering (AML) detection
and reporting systems. The announcement was made at the
ACB's recent National Operations, Security and Technology
Conference & Marketplace.
The Bank Secrecy Act Anti-Money
Laundering Management System, or BAM, is Banker's Toolbox'
complete end-to-end software system that provides solutions
for researching, analyzing, identifying, documenting and
reporting suspicious customer transactions. The application
aggregates, compiles, stores, and analyzes data to identify
high-risk accounts and activities for easy monitoring. It
also helps identify suspicious activities and prepares and
electronically files Suspicious Activity Reports - all
within a single interface.
"America's Community Bankers selected
Banker's Toolbox as our Preferred Solutions Provider of AML
solutions based on the company's high levels of customer
service coupled with a solution that is specifically
designed to handle the unique needs of community bankers,"
said Diane Casey-Landry, ACB president and CEO.
"We are honored to be given this
designation by such a reputable organization," said Daniel
Cho, founder and CIO of Banker's Toolbox, Inc. "With BAM,
community bankers are equipped with the tools necessary to
proactively comply with the AML requirements of the USA
PATRIOT Act. Banker's Toolbox designed BAM with the
community banker in mind, and we look forward to working
closely with America's Community Bankers to enable member
banks to identify and successfully mitigate money
laundering."
About Banker's Toolbox, Inc.
Founded in 2000 and headquartered in Los Angeles, Banker's
Toolbox, Inc., specializes in providing enterprise software
solutions designed to increase operational efficiencies,
improve customer satisfaction and enhance internal controls
for community and regional banks. Banker's Toolbox' line of
software systems consists of solutions for money laundering
detection and reporting, wire processing automation,
employee training and testing and customer account summary
notification. The company's unique employee roster of
seasoned bankers and information technology consultants
specializes in designing, developing, installing and
implementing information management and communications tools
that are customized for the banking industry. Additional
information about Banker's Toolbox is available via the
company's Web site at
www.bankerstoolbox.com .
About America's Community Bankers
America's Community Bankers is the member driven national
trade association representing community banks that pursue
progressive, entrepreneurial and service-oriented strategies
to benefit their customers and communities. To learn more
about ACB, visit
www.AmericasCommunityBankers.com .
Contacts:
Bob Kim
Chief Relationship Officer, Banker's Toolbox, Inc.
(818) 432-1950
Jim Eberle
America's Community
(202) 857-3145
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