Banker’s Toolbox and RDSI Partner to Provide BSA/AML Solutions to Community Banks

North Hollywood, Calif., Feb 03, 2009 - Banker's Toolbox, a provider of comprehensive solutions to help financial institutions detect and eliminate money laundering and check fraud, today announced a partnership with Defiance, Ohio-based RDSI Banking Systems, a leading provider of data and item processing services to community and de novo banks. The agreement will enable RDSI to offer Banker's Toolbox's Bank Secrecy Act Anti-Money Laundering Management System (BAM) to its customer base of community banks.

BAM is a complete system for monitoring and reporting suspicious financial activity through a robust software system that aggregates, compiles, stores and analyzes data. The system identifies high-risk activity with real-time or scheduled reporting. The platform also includes automated Suspicious Activity Report (SAR) and risk report management, giving BSA officers access to the most detailed reports available, down to individual tellers on suspicious transactions.

"Every year, financial institutions face significant losses due to fraud and money laundering," said Daniel Cho, chief executive officer of Banker's Toolbox. "Often, it is the community bank that is targeted for crime because it is perceived they lack the security measures that large banks have in place. Our partnership with RDSI will enable these banks to implement strong BSA/AML programs in a cost-effective and convenient way."

Through the partnership, community banks will have the opportunity to implement BSA/AML initiatives similar to those used by the largest financial institutions, but without the time- and cost-intensive implementations. By accessing Banker's Toolbox BAM platform through RDSI, these banks will receive fraud monitoring services in a hosted environment, eliminating the need to purchase additional servers and reducing the labor involved in installation and maintenance, creating a more efficient and affordable BSA/AML program for the institution.

"Today's ever-changing regulatory environment poses a challenge for community banks due to the amount of time, resources and technology needed to implement, monitor and maintain updated processes, " said Tim Pearson, executive vice president with RDSI. "By partnering with Banker's Toolbox, we can provide customers with the tools to address new regulatory guidelines, improve their risk management and increase profits, all without adding staff or labor intensive processes. For these reasons, Banker's Toolbox was the clear choice in offering fraud detection and AML services to our customers."

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About RDSI Banking Systems
RDSI Banking Systems is the Nation's fastest growing high quality provider of financial data processing service for the banking industry. RDSI offers the Premier Software System by Information Technology, Inc. (ITI), along with the full complement of integrated modules, consulting, training, network support, and payment solutions. In business for more than 40 years, RDSI is truly a single source provider for all the banking industry's data and item processing requirements. For more information on RDSI, please visit the company on the Web at www.rdsiweb.com.

About Banker's Toolbox, Inc.
North Hollywood, Calif.-based Banker's Toolbox, Inc., helps banks manage risk and streamline compliance examinations. The company's product suite consists of affordable solutions for money laundering detection and reporting, risk management through fraud and kite prevention, secure wire processing automation, and commercial real estate loan portfolio risk assessment. The Banker's Toolbox team is a unique combination of seasoned bankers and information technology consultants who specialize in designing, developing and implementing risk management solutions nationwide while providing unparalleled customer service to regional and community banks.

SOURCE: Banker's Toolbox, Inc.