i_TECH Corporation Partners with Banker’s Toolbox on BSA/AML
(PRLEAP.COM) LOS ANGELES (July 26, 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.”
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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 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.
Contacts:
Jeff Brower
VP, Sales
i_TECH Corporation
406-896-7320
jbrower@itechcorporation.com
Bob Kim
Chief Relationship Officer
Banker’s Toolbox
818-432-1950
bob.kim@bankerstoolbox.com
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