“When I show [examiners] the reports that come out of [BAM+] and the alerts that it creates as well, I’m confident in what it’s doing,” he said. “It’s not some canned product. It’s what I designed.”
Banker’s Toolbox Chief Revenue Officer, Darrin Hanson, echoed the importance of transparency. “We’re seeing a trend in the market where people want more control over the back end of their BSA/AML systems,” he said. “They want to see, and their regulators need to see, exactly why alerts are firing.”
Ryne also indicated that the staff at Banker’s Toolbox provides a major advantage over other vendors. “If I didn’t have the BAM product or the Banker’s Toolbox family behind me, if I had an upcoming examination or audit, I’d get no sleep at night,” he said.
Banker’s Toolbox is rapidly expanding its product offering as well as its family of happy customers with the addition of new clients such as AmeriCU.
To learn more about Banker’s Toolbox, visit www.bankerstoolbox.com.
About Banker’s Toolbox, Inc.
Austin, TX-based Banker’s Toolbox, Inc. helps organizations manage risk and streamline compliance. The company’s product suite consists of proven solutions for money laundering detection and reporting, risk management through fraud prevention, secure wire processing automation, and commercial real estate loan portfolio risk assessment. The Banker’s Toolbox team is a unique combination of seasoned bankers, former regulators, and information technology experts. For more information, visit the company’s website at www.bankerstoolbox.com.
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SOURCE Banker’s Toolbox, Inc.