First Federal Savings Bank of Twin Falls Success StoryBanker’s Toolbox Celebrates 10th Anniversary
- Company looks forward to another decade providing BSA/AML, wire processing and CRE stress testing software -NORTH HOLLYWOOD, CALIF., Mar. 4, 2010 – Banker’s Toolbox, a provider of comprehensive solutions to help financial institutions improve risk management and operational efficiencies through commercial real estate loan stress testing, anti-money laundering and wire processing, commemorates its 10th year of business in 2010. The company will celebrate the occasion with a special event on March 4 in Los Angeles.
Daniel Cho, CEO of Banker’s Toolbox and a former banker, founded the company in 2000. For 10 years, Banker’s Toolbox has helped financial institutions better manage their safety and soundness procedures through Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software, wire processing software and Commercial Real Estate (CRE) stress testing software. The company currently works with hundreds of financial institutions ranging from de novo institutions to those with more than $100 billion in assets.
“Banker's Toolbox was founded by bankers who saw a need in the industry and created software to ease the headaches associated with BSA/AML compliance and risk management,” said Cho. “Combining a banker’s perspective with some of the industry’s most talented information technology consultants has allowed us to consistently bring the most effective solutions to our clients, relieving the pressure they feel as an inevitable result of today’s regulatory atmosphere.”
The company’s offerings include Bank Secrecy Act/Anti-Money Laundering Management System (BAM®), an anti-money laundering detection and reporting solution. Banker’s Toolbox also presents Crest™, a state-of-the-art CRE stress testing solution, and WirePro™, a proven wire processing solution. The company’s product suite is rounded out by several other banking solutions, notably Fraud Manager™, a check fraud detection product, Kite Manager™, an anti-check-kiting software, and customized software development and consulting services.
Banker's Toolbox will begin its second decade in a new location. The company is relocating its headquarters from California to Austin, Texas.
“Austin is an ideal home base for us for many reasons. Operating in the Central Time Zone will allow us to provide better support for customers on both coasts. Austin itself has been dubbed ‘Silicon Hills’ due to the concentration of high-tech companies headquartered in the area, so there is an incredible amount of local talent that we can tap into,” said Cho. “This move will better equip us to serve our customers as we begin another decade of helping financial institutions.”
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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, commercial real estate loan portfolio risk assessment, risk management through fraud and kite prevention and secure wire processing automation. 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. For more information, visit the company’s Web site at www.bankerstoolbox.com.