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FOR IMMEDIATE RELEASE
CALIFORNIA
BANKERS ASSOCIATION EXCLUSIVELY ENDORSES AND RECOMMENDS
PATRIOT OFFICER® AS THE “BEST-IN-CLASS” BSA/AML
SOLUTION
Los Angeles, Calif. –
January 22, 2007 –GlobalVision is proud to announce
that, after very careful and intensive evaluation of various
leading BSA/AML solutions, the California Bankers Association
has decided to exclusively endorse and recommend the PATRIOT
Officer®
as the #1 BSA/AML solution to all of its members, including
large, regional and community banks.
In recent years, government organizations have been
raising the standard for financial institutions to strengthen
their Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and
Anti-Terrorist Financing (ATF) programs. To help its members
identify the best BSA/AML solution, the California Bankers
Association took the proactive role and conducted a thorough
evaluation of various leading national BSA/AML solutions.
“After a very intensive evaluation of leading national BSA/AML
transactional monitoring solutions, CBA has agreed to
exclusively endorse and recommend the PATRIOT Officer®
as the best-in-category solution to all of our members,”
noted Bill Murphy, the Senior Vice President of CBA. PATRIOT
Officer®
uses exclusive technology, Dynamic
Multidimensional Risk-Weighted Suspicious Activities DetectorTM
(U. S. Patent Pending), to effectively automate
the BSA/AML/ATF workflow and empowers financial institutions
across the nation to efficiently comply with the risk-based
policy, procedure, and process as required by the new BSA/AML
Examination Manual published by the Federal Financial
Institutions Examination Council (FFIEC).
The PATRIOT OFFICER®,
well known for having the highest degree of automation,
efficiency and accuracy, is a highly scalable and fully
integrated solution for financial institutions of all sizes. The
largest customer has about $100 billion in assets size.
More than 100 of its customers have more than $1
billion in assets size. In
addition, the PATRIOT Officer®
is offered to small and mid-sized banks through many core
banking system vendors and data centers. Thousands
of professionals are using the PATRIOT Officer®
to automate their BSA/AML compliance processes with peace of
mind. Furthermore,
the PATRIOT OFFICER®
exclusively interfaces with United
Crimes Elimination NetworkTM (“UCEN”)
to forge the most powerful global network to eliminate
financial crimes and prevent losses to financial institutions.
More and more
financial institutions are replacing their legacy BSA/AML
systems with the PATRIOT Officer®.
“
California
has the fifth largest economy in the world. California Bankers
Association is the largest banking trade association and one
of the largest trade associations in the country. We are
honored that California Bankers Association has decided to
endorse the PATRIOT Officer®
as the #1 BSA/AML solution to all of its members,” said
Oliver Song, President and CEO of GlobalVision Systems, Inc.
“In addition to the exclusive endorsement by California
Bankers Association, PATRIOT Officer®
is also endorsed by the other
largest bankers associations in the nation, including the
American Bankers Association, New York Bankers Association,
Wisconsin Bankers Association, Pennsylvania Bankers
Association, Florida Bankers Association, Colorado Bankers
Association et al. We
look forward to further enhancing our national security
through California Bankers Association.”
About
GlobalVision Systems, Inc. GlobalVision Systems, Inc., based
in
Los Angeles
,
California
, is the leading provider of enterprise-wide
compliance and risk management solutions for financial
institutions of all assets sizes. With the best-in-class
products and advisory services from experienced banking and
compliance professionals, GlobalVision offers financial
institutions the most advanced, efficient, scalable and
integrated solutions. GlobalVision’s
comprehensive suite of products and services includes Bank
Secrecy Act, Anti-Money Laundering, and Anti-Terrorist
Financing Solutions, Risk Management Solution, Fraud
Prevention Solution, Customer Due Diligence (CDD) and Enhanced
Due Diligence (EDD) Solutions, and Case Management Solution,
etc.
About
California
Bankers Association California Bankers Association is the largest banking trade
association and one of the largest trade associations in the
country. Founded in 1891, the California Bankers Association
now represents more than 300 banks in the state, including
commercial banks, industrial loan companies and savings
institutions. CBA
member banks hold more than $2.7 trillion in assets and loans
in excess of $1.5 trillion. CBA’s mission is to provide its
members with unparalleled resources and help them stay ahead
of new banking trends and on top of critical issues. In
addition, CBA partners with the best-in-class organizations to
create value-added products and services which are integral to
the success of its members.
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