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BMA Corporation Partners with
Banker's Toolbox on BSA/AML
Banker's Toolbox Selected as
Preferred Provider of Anti-Money Laundering Solution
LOS ANGELES & SALT LAKE CITY (September 7, 2007)
- BMA Corporation has for over 50 years provided advanced
core processing services that enable financial institutions
to compete in the ever-changing banking environment.
Headquartered in Salt Lake City
Utah
, BMA Corporation 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.
BMA Corporation will recommend BAM 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 Gary Matern, CEO of BMA
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 partnership with BMA 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 BMA Corporation to enable its customers to
identify and successfully mitigate money laundering."
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About Banker's Toolbox, Inc.
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 BMA Corporation
Our mission at BMA is to deliver the most reliable, cost
effective online banking solutions available.
BankRite, our core product suite is a fully
integrated system that today serves financial institutions
ranging from de novos to large industrial loan corporations.
Our easy to use core system operates in a
Windows-based application and delivers a full range of
banking solutions.
Additional information about BMA Corporation is
available at
www.bmacorp.com.
Contacts:
Sherry Caughey
VP, Customer Support
BMA Corporation
(801) 978-0213
sherry@BMACorp.com
Bob Kim
Chief Relationship Officer
Banker's Toolbox
818-432-1950
bob.kim@bankerstoolbox.com
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