Financial Directory

Published each year, WBA members receive a complimentary edition in November of this handy resource detailing financial institution information and statistics in both Montana and Wyoming. Additional copies are available, for more information, contact Cheryl Johnston at (307)-638-5008

Salary Survey

Compiled annually, by the Montana Bankers Association, this survey provides valuable salary information for banks of all sizes. Members who participate in the survey receive a copy for the cost of $50. Non-participating banks may also purchase the survey. For more information, contact Cheryl Johnston at (307)638-5008

Fraud-Net is a secure Website that gives bankers the opportunity to quickly and easily alert other institutions and law enforcement agencies about fraudulent activities and robberies. Posters can attach photographs of suspects, copies of fraudulent checks, drivers licenses and still-tape footage.The information is separated into categories based on the region of the state and the different types of fraud. Users designate the states in which they have a primary interest, and receive e-mail alerts each time new information is posted to those areas. There are also categories for state regions, national and robbery alerts.WBA is responsible for the day-to-day management of the system. To ensure that the site's sensitive information does not fall into the wrong hands, new users must be approved by an administrator. To prevent excessive alerts and irrelevant information from being posted, new alerts must also be approved by WBA-designated moderators.Although users receive e-mail alerts when new information is posted to their selected area, none of the sensitive information from the postings is ever sent through e-mail; the alerts simply notify the user of a new alert posting in their region.Fraud-Net is available free to all WBA members, law enforcement professionals and regulators.What is Fraud Net? Fraud Net can be accessed at http://www.fraud-net.com

About Deluxe...The World’s Largest Check Printer

Deluxe Financial Services leads their industry in market share. They serve thousands of financial institutions of all sizes with a commitment of providing outstanding customer experiences.Those customer experiences translate directly to satisfaction, loyalty and revenue. The drive to deliver outstanding experiences pervades the entire Deluxe organization, from their world-class call centers and manufacturing facilities to their executive offices.Deluxe Financial Services builds on their in-depth knowledge of consumer preferences and check buying patterns to deliver measurable results. These results are tied to four key business objective their research has told them matters most to the banking industry:

• Enhance customer satisfactionStrengthen securityIncreasing revenue
• Improving efficiency and reduc costs

To find out how your bank can join the WBA-endorsed Deluxe program, call Terry Davin at 1-800-933-2211, ext. 9071 or email Terry at terry.davin@deluxe.com.Visit their website at www.deluxe.comFor more information, contact Cheryl Johnston at (307)638-5008

Fifth Third Processing Solutions is an endorsed vendor for Electronic Funds Transfer (EFT) services to our association members including in-house: ATM, Debit & Credit Card processing, Terminal Driving, Correspondent Services, Fraud Protection and Card Production. We respect Fifth Third's excellent industry reputation and extensive experience in ATM driving and Debit Card Portfolio Management.

Fifth Third Processing Solutions is one of the nation's oldest and largest EFT processing providers. Since 1973, Fifth Third has delivered best-in-class electronic banking solutions to financial institutions worldwide. Fifth Third continually invests in technologies; their in-house processing systems allow them to develop and implement superior products and services ahead of market demand. Fifth Third Processing Solutions’ industry-leading ATM and Debit Card Processing, Surcharge Free ATM Network access, ATM Driving and Card Production programs are being used by nearly 3,000 financial institutions worldwide.

Fifth Third drives more than 11,000 ATMs throughout the United States and in 11 countries, processes over 26.7 Billion transactions annually and supports more than 46 million Debit Cards. Fifth Third Processing Solutions' ability to provide vital electronic banking technology and card program consulting services sets them apart from the competition. Fifth Third's philosophy to support all its products and services in-house speeds up product development cycles and ultimately delivers your personnel the tools to better serve your customers. Fifth Third's powerful EFT solution and partnership offer terrific potential for your financial institution.  They are committed to assisting the WBA Banks in enhancing operational efficiencies, reducing non-interest expenses and increasing revenue.

Fifth Third Processing Solutions has a solid understanding of what it takes to help their financial institutions stay competitive and operate efficiently. The WBA is excited to partner with such a well-respected transaction processor! For more information about Fifth Third Processing Solutions' products and services, please contact Heidi Shipp Saba at 303.399.8929 or heidi.shipp@53.com.  She will put her 15 years of EFT experience to work for you!

UVeritech manufactures and distributes the Fraud Fighter line of high quality ultraviolet scanning devices. These units are used to verify the authenticity of

• CURRENCY, CREDIT CARDS, DRIVER LICENSES, MONEY ORDERS, BANK DRAFTS, PASSPORTS, TRAVELER CHECKS,
• MATRICULA CONSULAR ID (issued  by Mexican Embassy) 

and many other important documents and have been shown to very successfully reduce fraud at POS locations. These scanners are used by a large number of American business's including many of the countries largest banking and retail companies as well as State and Federal Government offices. Substantially reduced pricing is available though the WBA. UVeritech , in cooperation with State Banking Associations, has also announced the availability of the   FF-1000 Fraud Fighter Currency Counter/Counterfeit Scanner . This units are now available to your organization “factory direct”. Please ask for details.

Bob Slutzky
Director- Business Development
UVeritech Inc. (www.fraudfighter.com)
800-883-8822 (office)
310-428-7376 (cell)

The WBA is pleased to offer this special program in conjunction with the American Bankers Association, with pricing exclusively for bankers association members. Click on the banner and register or click here to print the catalog/order form (PDF version) and follow the instructions.

SecureWorks is the world's provider of managed Internet security service for community banks, protecting more than 700 corporate networks from hacker attacks. They are the only service that prevents network intrusions at the perimeter, firewall and host levels; monitors client networks 24x7; and provides ongoing vulnerability assessments. SecureWorks delivers rock-solid Internet security with NO hassles, NO headcount, and NO capital outlay. www.secureworks.com

First Payment Services can supply your bank with a customized program for either a strategy of customer acquisition or the income model. This program will:

1. Protect our members customers Limit our members banks liability in the event of a breach
2. Improve the competitive position of our member banks in their respective communities

According to a recent Unisys study 50% of Consumers insist financial institutions remain vigilant in protecting their privacy and would switch institutions for better protection With the recent widespread coverage of high-profile security breaches consumers have started taking action to ensure their personal information is protected. Consumers have become the primary driving force of security and privacy initiatives. This certainly affects financial institutions.Please give John Kimlinger a call at 307-421-0180 to set an appointment for a presentation.

Overdraft Privilege Program

JOHN M. FLOYD & ASSOCIATES OVERDRAFT PRIVILEGE PROGRAM

JMFA’s overdraft privilege program is a structured way for a financial institution to allow its account holders to overdraw their transaction accounts subject to pre-established limits. It benefits account holders by sparing them the embarrassment of dealing with a bounced check at their local retailer, and by charging them only one single NSF fee through the financial institution. The fee to pay a check is usually the same as the fee for a returned check (insufficient funds or NSF item). JMFA’s overdraft privilege program benefits the financial institution by generating more transactions, using more of the financial institution’s capacity and boosting its non-interest income.

John M. Floyd & Associates
125 N. Burnet Bay Drive
Baytown, Texas 77520
Tel: (800) 809-2307
(281) 424-8864
Fax: (281) 424-3800
Contact: John Floyd
Email: John.Floyd@jmfa.com
Web Site:
www.overdraftprivilege.com

State Bankers Group Benefits Trust

Group Life, Medical, and Dental Coverage

PAST

• Small community banks recognized the need to pool resources and employee numbers to form a large, stable group to insure continued health insurance coverage and premium stability. The group medical, life, and dental plans have been in existence for over 40 years. In 1987 the Board of Trustees formed a 501(c)(9) State Bankers Association Group Benefits Trust (nonprofit).
• Over 75 banks (approx. 4,000 people) benefit from Trust membership, including competitive benefits and premium stability due to a large, stable group.
• Trustees contract with legal and benefits consultants for advice on: new federal laws/regulations (primarily COBRA, HIPAA, and ERISA); changes in plan documents/coverage; and negotiations with the insurer.
• Wyoming Bankers Association member may join the Trust and serve on the Board of Trustees.
• Consulting, marketing and field services are provided by Jim Edwards, Mountain West Benefits Solutions.

PRESENT

• Underwriting:
       Medical - BlueCross BlueShield (1/1/99)
       Life - UNUM/Provident Life Insurance Company (1/1/02)
       Dental - Delta Dental (1/1/04)
       Vision - Vision Service Plan (1/1/01)
  
• Current statistics:
       Wyoming - 21 banks with 523 employees
       Montana - 55 banks with 1432 employees
       Total of 1,955enrolled employees and families in the
       Trust with over $13 million annual premium.
  
• Benefits of membership : Trust advocates (Amy Jenks, Leah Weaver, Jill Martin, and Deannie Price) and a toll-free phone number available to employees; security and plan stability from large group size; specialized legal and benefits consultants; in-house lobbying; licensed agents available; strong leadership with a Board of Trustees made up of independent bankers; and large group clout for claims problems.

FUTURE

• Trust office will continue to offer personal customer service and technical support.
• Trust will continue to pool resources for quality health coverage and leverage stable premiums at competitive rates.
• Lobby state legislatures on insurance issues.
• Continued Expansion into Wyoming and Idaho.

Board of Trustees

Chairman: Cynthia Cheney, First Security Bank, Bozeman, MT
Bob Robertson, First National Bank, Missoula, MT
Ken Walsh, Ruby Valley National, Twin Bridges, MT
Don Vondra, United Bank, Absarokee, MT
Vivian Butchart, First State Bank, Thermopolis, WY
John Ronneberg, Citiz. Bank & Trust, Big Timber, MT
Kim Brooks, First Comm. Bank, Glasgow, MT
Richard Kingsley, Valley Bank, Glasgow, MT
Bart Langemeier, Bank of Red Lodge, MT
Phil Bratton, Idaho Trust National Bank, Boise, ID

For more information, contact Amy Jenks (1-877-443-0520), Jim Edwards (1-877-343-1060), or visit the HealthServe website at www.healthserve.info.

Promontory Interfinancial Network

In March, Wyoming joined the growing list of states that allow the use of CDARS for the investment of public funds. A new state law expressly authorizes investment of state and local government funds through the CDARS service. With CDARS, banks can offer a customer up to $25 million in Federal deposit insurance coverage.

Because of the premium placed on safety by public bodies, the treasurers and finance committees of state and local governments are subject to investment policies and restrictions. Uninsured deposits may have expensive collateral requirements, which make investing in uninsured CDs complicated and costly.

With CDARS, deposits in banks generally do not require collateralization – and investors can earn CD level rates. That means that, for municipalities and other public sector entities, CDARS can be a valuable tool either for cash management or for longer-term investment.

Public units can avoid the hassle of tracking collateral, working with multiple banks, or using private surety bonds. And – because of the way CDARS works – the money that public units deposit in effect remains at work supporting lending opportunities in the community.

How does it work? Members of the Promontory Interfinancial Network offer CDARS. More than 1100 banks are committed to the Network. When a customer places a large deposit with a Network Member, the bank arranges for the placement of the funds into CDs issued by other Network Members, in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC protection.

With help from a sophisticated matching system, Network Members exchange deposits dollar for dollar, bringing the full amount of the original deposit back to the bank. From the customer's perspective, it is like dealing with one bank – one point of contact, one statement.

For more information, call 1-866-766-6424, or visit www.promnetwork.com .

ABA Co-Endorsements

Platinum Overdraft I Deposit Score | Tech Consulting | Online Banking Solutions |
Financial Marketing Strategies | Cash Sweep | ABA - Sponsored Xerox Program | AML Sentinel | Patriot Officer

The following companies are co-endorsed by WBA and the American Bankers Association (ABA).
While Wyoming Bankers Association Inc. screens all products prior to granting an endorsement, WBA does not warrant the performance of the vendor or product. Each member institution should give careful consideration to its own needs and should perform its own.

PLATINUM OVERDRAFT SM –Sheshunoff Consulting & Technology

DESCRIPTION:
Platinum Overdraft SM, offered by Sheshunoff Consulting & Technology, allows financial institutions to streamline, standardize and simplify the process of overdraft decision-making as well as enhance, automate and personalize communication with valued customers. This highly integrated software solution is structured to ensure optimal management of fee income processes across departments, dramatically improve customer service and improve non-interest income.Sheshunoff Consulting & Technologyprovides all of the tools necessary to analyze, install and implement a comprehensive overdraft program. NEW! Deposit Score is a revolutionary, proprietary analytic tool that enables financial institutions to score their customers based on deposit trends. This analysis helps banks improve the performance of their overdraft programs, better manage risk and compliance, decrease charge-offs, and improve customer service and revenue.

BACKGROUND:
Over the past 30 years, Sheshunoff Consulting & Technology Services has built a national reputation among bankers for helping their institutions become significantly more profitable, gain lasting competitive advantages, and prepare them to meet major new challenges. With the addition of Platinum Overdraft, Sheshunoff Consulting & Technology' staff of senior banking and consulting professionals now offers a turnkey solution to managing the overdraft process.

MARKET PROFILE :All commercial banks, savings & loans and thrift institutions.

BENEFITS OF PROGRAM:

• Strategic segmentation of customers based upon trend data.
• Detailed customer screen, record and history for contact management.
• Scripts for easy training and targeted customer management.
• Ease of adding date/time stamped ad hoc notes to customer records.
• Tracking of every letter, phone call or activity with a customer.
• Complete history on all overdrawn customers for analysis and data mining.
• Customization of letters without changed basic letter strategy.
• Built-in ongoing strategy development tools.
• Tracking cost of activities by customer.
• Ongoing import template flexibility built into the software.
• Ability to report to Chex Systems and other agencies.
• Tracks repayment history, charge offs, and recovery patterns.
• Automatic tracking of NSF fees, charged-off fees and principal.
• Comprehensive tracking of deposit behavior and overdraft trends to enhance customer communication and manage risk.

DEPOSIT SCORE – Sheshunoff & Co.

DESCRIPTION:
Deposit Score is specifically designed for financial institutions interested in enhancing their overdraft process and managing risk. Deposit Score has the unique ability, through patent pending technology called Z-Factor, to learn the specific combination of account characteristics that typically cause overdraft conditions for a particular institution. The impact of these characteristics is revealed through advanced statistical calculations, resulting in the continuous refinement and optimization specific to each financial institution. Z-Factor enables Deposit Score to predict which accounts are more likely to charge off and automatically apply pointed adjustments to the overdraft thresholds of those accounts to mitigate risk.While Deposit Score improves overdraft revenue, Z-Factor statistically predicts the charge-off event, mitigating risk and potentially saving a relationship. That is, these two innovations manage both sides of the equation, resulting in improved net income and service not available elsewhere in the market.

KEY FEATURES :

• Comprehensive scoring tool that improves revenue and controls charge-off risk via advanced statistical analysis.
• Z-Factor refinement of the final overdraft thresholds based on characteristics specific to the financial institution.
• Simple graphical user interface eliminates the need for IT supported system changes.
• Multiple Scoring Matrices enhance the value of scoring via unique scorecards based on client-defined account grouping.
• Extensive management reporting capabilities.

MARKET PROFILE : All commercial banks, savings & loans and thrift institutions.BENEFITS OF THE PROGRAM :

• Sophisticated analytics that improve revenue and service and reduce risk. Detailed audit trail of factors influencing scoring process.
• Open database for data mining and ad-hoc analytics.

BACKGROUND:

Over the past 30 years, Sheshunoff Management Services has built a national reputation among bankers for helping their institutions become significantly more profitable, gain lasting competitive advantages, and prepare them to meet major new challenges. With the addition of Deposit Score, Sheshunoff Management Services offers a software solution to significantly improve overdraft programs.

TECHNOLOGY and PROCESS IMPROVEMENT CONSULTING – Sheshunoff & Co.

DESCRIPTION:

High-impact, value-added business process enhancement, fee income enhancement and technology consulting services designed to significantly improve the bank's bottom line and gain competitive advantages for both the short and long term. The Technology and Process Improvement consulting services include:

BACKGROUND:

Over the past 30 years, Sheshunoff Management Services has built a national reputation among bankers for helping their institutions to become significantly more profitable, gain lasting competitive advantages, and to prepare them to meet major new challenges. With a staff of senior banking and consulting professionals, Sheshunoff Management Services offers insights, perspectives, and skills that address complex business problems quickly and efficiently. Most importantly, the firm provides implementation and follow-through support.

MARKET PROFILE:

All commercial banks, savings & loans and thrift institutions.

BENEFITS OF PROGRAM:

ABA Co-Endorsements

ONLINE BANKING SOLUTIONS – Digital Insight

DESCRIPTION:

Digital Insight® empowers financial institutions to provide internet-based financial solutions to their retail and commercial customers via a cost-effective, outsourced service. Through Digital Insight's Online Banking Solutions, community financial institutions can increase profitability and compete against the largest and most sophisticated financial institutions. As the largest provider of Internet banking services in the United States, Digital Insight serves more than 1,700 financial institutions and 5.7 million consumer end users.

CONSUMER SOLUTIONS:

With Digital Insight's Consumer Solutions, your “Internet branch” serves as the financial hub for all your end users' online banking needs and strengthens your brand and image. Consumer Solutions enable community banks to market and sell new products, increase revenues, satisfy end users,and build longer lasting relationships – all with minimal demand on the bank's existing infrastructure and resources. With a third-generation user interface, Consumer Internet Banking services include:

• Flexible Graphical User InterfaceOnline Statements Personal Finance Manager (OFX) Connectivity to Quicken and Money
  Check Imaging Check Reorder Staging Sites Account Aggregation Wireless Banking Spanish and Chinese Versions
• Funds Transfer w/Aggregation

BUSINESS BANKING:

Digital Insight's market-leading Business platform enable financial institutions to package, price, deploy and administer online business banking solutions tailored to the specific needs of multiple market segments, from small or home office to large multi-national corporations. With this sophisticated, scalable online cash management solution, your commercial customers can manage their cash positions at all times. Financial institutions can take advantage of Digital Insight's product implementation expertise, state-of-the-art data center, on-going support, and comprehensive product training. Additional features and products:

• Cash Management,ACH, Wires, Balance Reporting & Alerts, Reconciliation Services, Business Bill Pay, Book Transfers & Sweeps, Online Forms, Product Administration, Site Customization, Tax Payments
• Payroll Services

WEB CENTER:

Web Center is Digital Insight's next-generation Web platform designed to empower banks to manage their Web sites without technical training and meet business goals. Powerful, user-friendly administrative tools enable users to easily edit content, upload documents and images, and manage dynamic content such as rates.

PROGRAM BENEFITS:

Digital Insight is committed to ensuring that small- to mid-size financial institutions can compete with larger institutions with the best Internet Banking solution in the market today. Digital Insight provides these institutions with a cost-effective, outsourced service—branded in the institution's name—that enables them to offer their customers the same services that many of the top banks offer.

FINANCIAL MARKETING STRATEGIES - The Affinion Group

•  Relationship Banking Strategies

DESCRIPTION and BACKGROUND:

Customized retail strategies that can be designed around the bank's specific goals for customer retention or acquisition in the middle, mature, student, affluent and emerging affluent market segments. Strategies are fully developed to include employee product and sales training and motivation, internal and external advertising and promotion, follow-up tracking and analysis and on-going promotional consultation. Affinion Group is a leading provider of retail strategies that offer banks opportunities to strengthen and build profitable customer relationships.

MARKET PROFILE:

Banks with at least $25 million in assets with a retail focus.

BENEFITS OF THE PROGRAM:

• Provides opportunities for increased fee income.
• Builds customer loyalty and positions bank for profitable account acquisition.
• Flexibility of program allows banks to adopt the strategic approach that best meets their market objective.
• Customer Appreciation Program – AD & D.

DESCRIPTION and BACKGROUND:

Allows banks to offer $1,000 of complimentary accidental death and dismemberment insurance at no cost to the DDA, credit card or mortgage customers. Additionally, at the time of the offering, the customer has the option to purchase additional amounts of insurance at a low monthly charge. Currently over 4600 financial institutions implement the Customer Appreciation Program. They range in size from small, rural community banks to the nation's largest financial service organizations. There is no cost to the bank to offer the program.

MARKET PROFILE:

All banks with at least 2,000 DDA customers

BENEFITS OF THE PROGRAM:

• Helps retain checking account members by cross-selling additional service.
• Provides banks with recurring non-interest income.
• Enhances customer image through a no-cost gift.

CASH SWEEPsm PROGRAM – SEI Investments

Designed to help community banks attract and retain key commercial accounts, the ABA-sponsored CashSweeps program offered through SEI Investments is a turnkey, automated system that sweeps excess commercial DDA balances into selected money market mutual funds. The program offers an integrated approach to building cash sweep services and oversees all aspects of the implementation process. Components include software implementation, technical training, extensive marketing support, and ongoing consulting services.

SEI Investments
1 Freedom Valley Drive
Oaks, PA 19456
Tel: 1-877-SEI-4200
Contact: Melanie Bayich
E-Mail: mbayic@seic.com

ABA-SPONSORED XEROX PROGRAM – Xerox

This program provides special pricing through Xerox Corporation on a wide range of Xerox products. Xerox offers solutions for large or small banks, individuals and workgroups requiring high-volume jobs or everyday correspondence. Whether you need to create crisp black-and-white or high-impact color documents, Xerox has the perfect product to meet your needs. Banks can save on the full Xerox product line including black-and-white and color copiers, laser printers, facsimiles, electronic publishing systems and a whole line of multifunction devices which copy, fax, print and scan all in single unit.

HOW TO PARTICIPATE:

For more information, please contact your local Xerox sales representative or authorized sales agent, and mention the ABA discount. To locate a Xerox representative near you, call the bankers hotline at 1-800-ASK-XEROX (275-9376) ext "BANK". Important: Make sure you reference the ABA contract number 0706438 when you purchase or lease your Xerox machine. Xerox Corporation
Xerox Square – 12th floor
Rochester, NY 14644
(585) 423-4002
Contact: Bruce Hellman, National Account Manager

XEROX OFFICE PRINTERS, COPIERS, MULTIFUNCTION SYSTEMS
EARN 146 INDEPENDENT AWARDS, HONORS WORLDWIDE

Anti-Money Laundering (AML) Transaction Monitoring Software: Fortent

As a result of the USA PATRIOT Act and the industry's on-going role and interest in combating money laundering, banking regulators are significantly increasing enforcement of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws. In particular, the agencies' focus has been on internal controls needed to identify money laundering. While they have not required all institutions to have an automated solution, they have indicated that software is a key resource for effective BSA and AML management, especially for larger institutions.

DESCRIPTION:

Fortent AML^® and Fortent^® Hosted AML are industry-leading anti-money laundering solutions that provide transaction monitoring for the prevention and detection of money laundering to fully comply with the Bank Secrecy Act and the PATRIOT Act.  Fortent AML and Hosted AML can handle any amount of scale and complexity and can be leveraged across the full scope of business lines within a financial institution, including retail and correspondent banks.  In addition, Fortent’s proven monitoring process can significantly reduce a bank’s operating costs.

Fortent AML and Hosted AML employ comprehensive analytical techniques to scrutinize all accounts and all transactions to produce alerts most likely to result in legitimate money laundering cases.  These techniques include:

• Account Risk Rating:  Fortent AML incorporates guidelines set forth in the Federal Financial Institution Examiner’s Handbook, such as analyzing geography, high-risk countries, customer type and product or service type to calculate a risk rating for the activity in every account.
• Identifying Names on Watchlists:  Fortent AML scrutinizes customer and counterparty and transaction party data to detect matches against published watchlists, such as OFAC, PEP lists, and a wide range of international lists.  Internal lists can also be analyzed.
• Hidden Relationship Detection:  In addition to account holders, Fortent AML analyzes transactions to identify hidden relationships with co-signers, beneficiaries and counterparties, as well as multiple accounts that are linked to a single household.
• Rules-based Detection and Scenarios:  Fortent AML has a library of more than 300 rules used to detect known money laundering scenarios.
• Profiling Unknown and Unusual Activity:  Fortent AML analyzes transaction data based on type, combinations with other transactions, dollar amounts, and seasonality (as a few examples) to identify potentially suspicious activity – which often doesn’t fit any standard AML parameters.  Fortent AML weights the activity components of each behavior according to their propensity to involve money laundering.

MARKET PROFILE:

Any size bank can potentially use the Fortent solution.  Depending on the size and reach of your organization, Fortent offers an enterprise version (Fortent AML) to be installed and managed within your company, and a hosted version (Fortent Hosted AML) for institutions looking to gain efficiencies and that may have fewer accounts and/or smaller geographic coverage.  A sample of Fortent’s customer-base includes Bank of Tokyo-Mitsubishi, Chevy Chase Bank, Commerce Bank, Fifth Third, First Tennessee National Corp., Marshall & Ilsley Bank, ScotiaBank, and Washington Mutual.

PATRIOT Officer® Anti-Money Laundering (AML) Transaction Monitoring Software

 As a result of the USA PATRIOT Act and the industry's on-going role and interest in combating money laundering and terrorist financing, there has been an increasing emphasis to strengthen measures to prevent, detect, and prosecute those involved with money laundering and the financing of terrorism as well as to strengthen the provisions put into place by the Money Laundering Control Act of 1986. There has been particular focus on internal controls needed to identify money laundering and terrorist financing activities.

DESCRIPTION:
To help banks efficiently and accurately manage the BSA, AML and ATF functions, the ABA is pleased to offer its endorsement of GlobalVision Systems’ PATRIOT OFFICER®. PATRIOT OFFICER, an advanced and powerful Adaptive Intelligent BSA/AML/ATF system, uses Dynamic Multidimensional Risk-Weighted Suspicious Activities DetectorTM (U. S. Patent Pending) to effectively automate the BSA/AML/ATF workflow by monitoring, screening, detecting, alerting, investigating and analyzing suspicious activities of all transactions across all product lines in financial institutions of all sizes with high resolution and accuracy. Thousands of compliance professionals are using the PATRIOT Officer to comply with the escalating stringent US regulatory requirements with peace of mind
.
The PATRIOT OFFICER loads a bank’s transactional data and customer information data into a database.  With a fully integrated dynamic and adaptive multidimensional intelligent engine, the PATRIOT OFFICER detects suspicious activities and empowers financial institutions of all sizes to effectively comply with the risk-based policy, procedure and process as required by the BSA/AML Examination Manual published by FFIEC. The PATRIOT OFFICER dynamically transforms the complex risks through risk modeling so that risk-based algorithms can be used to analyze and investigate suspicious activities effectively and efficiently. The PATRIOT OFFICER offers financial institutions risk-based intelligence and algorithms, and high degree of precision in slicing data, leading to more accurately alerting and identifying suspicious activity with the highest degree of accuracy and efficiency.

MARKET PROFILE:
Designed for financial institutions of all sizes with high scalability, PATRIOT Officer is available via license and hosted ASP arrangements. 

SOLUTION HIGHLIGHTS: