BMA Corporation Partners with Banker’s Toolbox on BSA/AML

September 07, 2007 (PRLEAP.COM) Business News
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