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i_TECH Corporation Partners with Banker's Toolbox on BSA/AML
Banker's Toolbox Selected as Preferred Provider of
Anti-Money Laundering Solution
LOS ANGELES (July 25, 2007) - i_TECH
Corporation, a customer-oriented full service data center
headquartered in Billings Montana, has chosen Banker's
Toolbox as its preferred solution provider for anti-money
laundering detection and reporting technology.
The Bank Secrecy Act Anti-Money
Laundering Management System (BAM) is Banker's Toolbox's
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 electronically
files Suspicious Activity Reports - all within a single
interface.
i_TECH Corporation will offer BAM as
part of its product and service offering to its customer
base.
"The BAM solution is an industry leading
anti-money laundering solution and will enhance our product
offering to our customer base," said Richard Smith,
President of i_TECH Corporation. "We chose Banker's Toolbox
because of their proven technology and track record of
excellent customer service which is a good fit with our
business model."
"We are excited about our relationship
with i_TECH Corporation," said Daniel Cho, founder and CEO
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 i_TECH to enable its
customers 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 financial institutions. Banker's
Toolbox' line of software systems consists of solutions for
money laundering detection and reporting, fraud and kite
interdiction, wire processing automation, 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 financial industry.
Additional information about Banker's Toolbox is available
via the company's Web site at
www.bankerstoolbox.com.
About i_TECH
As a 40-year veteran, i_TECH Corporation (www.itechcorporation.com)
is a data processing service company providing Financial
Processing, Item Processing, Imaging and Archiving, Internet
Banking, Network Communications, Internet Access,
Microcomputer Support, and ATM/EFT services to financial
institutions. Our headquarters are located in Billings,
Montana, operating as a full service data center.
Additionally, we operate six regional item capture sites
located throughout the Northwest region. i_TECH maintains an
experienced staff of nearly 200 skilled individuals
consisting of network consultants, certified security
engineers, software architects, relationship managers, and
client service professionals. We are a wholly owned
subsidiary of First Interstate BancSystems, a respected
regional banking network. Today we are an independent,
trusted advisor serving more than 150 financial
clients--from de novo to multi-billion-dollar operations.
CONTACT:
Jeff Brower
VP, Sales
i_TECH Corporation
406-896-7320
jbrower@itechcorporation.com
Bob Kim
Chief Relationship Officer
Banker's Toolbox, Inc.
(818) 432-1950
bob.kim@bankerstoolbox.com
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