New York Bankers Association and GlobalVision Systems, Inc. jointly offer
PATRIOT OfficerTM – The #1 BSA/AML/ATF Software – to NYBA Members
LOS ANGELES, CA – GlobalVision Systems Inc. (“GlobalVision”), a leading provider of knowledge-based
management systems for the financial industry, and the New York Bankers Association (“NYBA”), the preeminent trade organization for
the New York financial services industry, today jointly announced that NYBA, through its wholly owned subsidiary,
the New York Bankers Service Corporation (NYBSCO), will endorse the PATRIOT Officer as the exclusive BSA/AML/ATF software
it will recommend to its members.
To effectively combat terrorists and criminals, NYBA members have to implement Anti-Money Laundering (“AML”),
Anti-Terrorist Financing (“ATF”) programs in accordance with the Bank Secrecy Act (“BSA”), the USA PATRIOT Act,
and the requirements set by the Office of Foreign Assets Control (“OFAC”). With the full commitment to serve its members,
NYBA took a proactive role pursuing and evaluating BSA/AML/ATF solutions available in the market today.
NYBA was looking for an innovative product to recommend to its members who are interested in upgrading
their systems to meet increased compliance standards. Using knowledge-based technology, the PATRIOT Officer
has integrated the experiences and know-how from thousands of compliance professionals, and has helped many financial
institutions smoothly pass regulatory examinations. The PATRIOT Officer tremendously reduces operational costs, eliminates
risks and increases overall profitability of a financial institution. These were the very features being sought for NYBA’s members
and they recently reached their conclusion.
“After evaluating BSA/AML/ATF solutions, our NYBSCO Board of Directors unanimously agreed that the PATRIOT
Officer would suit the critical needs of our diverse members,” said Mike Smith, NYBA’s President and CEO “We are very
pleased to endorse the PATRIOT Officer as the only BSA/AML/ATF solution that we will recommend to our members.”
The PATRIOT Officer is fully compliant with the newly published BSA/AML examination manual (June 2005). Within less than four years, the PATRIOT Officer is being used by hundreds of financial institutions representing a wide range of asset sizes. Incorporated with several patented technologies, the PATRIOT Officer empowers financial institutions to quickly comply with sophisticated and stringent regulatory requirements smoothly and effortlessly. It is no longer a secret that many financial institutions have been using the PATRIOT Officer to increase their competitive advantages. Banks nationwide are replacing their existing BSA/AML/ATF solutions with the PATRIOT Officer system.
“New York is the financial center of the world and the New York Bankers Association has been at the forefront of the financial services industry for more than a century. We are very honored that we can further strengthen our homeland security through the distinguished NYBA. We look forward to providing the PATRIOT Officer system to the esteemed banks in New York.” said Oliver Song, President and CEO of GlobalVision Systems, Inc.
Founded in 1894, NYBA has been at the vanguard of the financial services industry. Today, NYBA represents ten of the top 20 commercial banks in the nation, as well as regional banks and over 100 community banks employing 320,000 New Yorkers and holding a combined $3 Trillion in assets. For more information about NYBA, please visit www.nyba.com
GlobalVision Systems, Inc., based in Los Angeles, is the leading provider of BSA/AML/ATF software to financial institutions worldwide. Thousands of compliance professionals are using GlobalVision’s renowned product-- the PATRIOT Officer to automate their BSA, AML and ATF processes. With the largest market share in the industry, GlobalVision Systems’ PATRIOT Officer is highly recommended by bankers across the nation as the most advanced, comprehensive and fully integrated BSA/AML/ATF software. The PATRIOT Officer is endorsed by more than 60% of core banking
system vendors and data centers, covering all states and time zones in the USA.
For more information about GlobalVision, please visit www.gv-systems.com.
