Valley Republic Bank, a tech savvy institution with $262 million in assets in Bakersfield, California, just recently completed a successful implementation of BAM, an automated BSA/AML solution from Banker’s Toolbox, which integrates with their iCore 360® processor from DCI (Data Center Inc.).

Marji Hanlin, who is the BSA Officer at Valley Republic Bank and a BAM user, said, “The weekly updates from Banker’s Toolbox, designed to keep us informed about current BAM changes, are absolutely wonderful. I have experienced other implementations with different software vendors; normally you never know what has been completed or what they are currently working on. With BAM, those updates are front-and-center and keep you consistently informed. I absolutely love that. To top it off, BAM is easy to use as well.”

An automated BSA/AML compliance process through BAM allows for comprehensive monitoring, better record keeping, improved efficiencies, and a transparent audit trail. Unlike other BSA/AML programs with rigid default parameters for detecting suspicious activity, BAM determines statistically accurate ranges of what is really “normal” or “abnormal” activity for peer groups in an institution. This allows BSA departments to minimize false positives by choosing meaningful parameters based on their own customers’ activity rather than the vendor’s default settings.

Daniel Cho, founder and CEO of Banker’s Toolbox, said, “Constant, accurate information should be provided and available at all times to make sure our customers feel as comfortable as possible. It’s our job to make them happy, and we do everything in our power to make sure that happens.”

Keeping customers in the loop and cutting out the unknown has been paramount in the continuing success of Banker’s Toolbox. It’s often overlooked details like this and a constant attention to the little things that keep bankers happy that help Banker’s Toolbox really stand out among other BSA/AML software solution producers.

Valley Republic Bank

Valley Republic Bank was founded in 2008 and opened for business in early 2009 by a group of 24 local professionals who believe the local business community is underserved from a banking perspective. Their vision and mission is centered on the “best of tradition” combined with the “best of innovation.” Every director and employee is committed to relational and professional integrity, all day every day. That core value is essential for trust and confidence in banking relationships. Valued relationships based on confidence, trust and integrity – that’s the banking tradition offered to every customer by Valley Republic Bank. For more information, please visit www.valleyrepublicbank.com.

About Banker’s Toolbox, Inc.

Austin, TX-based Banker’s Toolbox, Inc. helps community financial institutions manage risk and streamline compliance examinations. The company’s product suite consists of proven solutions for money laundering detection and reporting, risk management through fraud and kite 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 and information technology consultants who specialize in designing, developing, and implementing risk management solutions while providing unparalleled customer service. For more information, visit the company’s website at www.bankerstoolbox.com.