Guadalupe National Bank's Success StoryBanker’s Toolbox Hosts 2010 National User Group Conference
- Bankers Learn BSA/AML Risk Mitigation Strategies -SAN FRANCISCO, May 11, 2010 – Banker’s Toolbox, a provider of comprehensive commercial real estate loan stress testing, anti-money laundering and wire processing software, hosted nearly 100 attendees from financial institutions nationwide May 3 and 4 in San Francisco, for the company’s Sixth Annual User Group Conference. Attendees participated in a program of activities, workshops, panel discussions and educational training sessions on Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance, as well as current industry issues.
At the conference, Daniel Cho, CEO of Banker’s Toolbox, delivered the official announcement that company headquarters have relocated to Austin, Texas. “This move will better equip us to serve our customers as we begin another decade of helping financial institutions,” said Cho. He also announced at the conference the company’s measures to embrace more online functionality and resources for its customers.
Participants benefited from practical demonstrations on how they can operate strong BSA/AML programs and continue to exceed regulator demands. Attendees also attended sessions on how to make the most of the features in Banker’s Toolbox’s BAM® software.
“Rapidly evolving techniques and technologies make it a constant challenge for financial institutions to prevent money laundering and maintain regulatory compliance,” said Cho. “Our annual conference gives BSA/AML officers the information they need to keep ahead of criminals and terrorists and ace regulatory exams.”
Attendees were treated to hands-on workshops and training classes on Banker’s Toolbox’s BAM solution, an anti-money laundering detection and reporting software that automates the collection, analysis and reporting of cash transactions.
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About Banker’s Toolbox
Austin, Texas-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 website at www.bankerstoolbox.com.