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ABA ENDORSED Company Listings
ANTI-MONEY LAUNDERING (AML) TRANSACTION MONITORING SOFTWARE
FORTENT As a result of the USA PATRIOT Act and the industry's on-going role and interest in combaing money laundering, banking regulators are significantly increasing enforcement of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws. In particular, the agencies' focus has been on internal controls needed to identify money laundering. While they have not required all institutions to have an automated solution, they have indicated that software is a key resource for effective BSA and AML management, especially for larger institutions.
MARKET PROFILE Any size bank can potentially use the Fortent solution.
SOLUTION HIGHLIGHTS · Monitors and detects suspicious cash transactgions, wire transfer, wire, ACH, ATM activities, monetary instrument transactions and loan defaults; · Monitors and detects suspicious actiities across all business lines such as DDA, wires, trusts, deposits, loans, debit cards, etc.; · Offers "Investigation Workbench" for support in detecting issues, while pr oviding intuitive workflow that can be customized to coordinate with the ban's established workflow; · Employs variety of techniques, including rules, adaptive rules and contextual analytics; · Ranks all customers according to risk or degree of suspicion; · Profiles every transaction of every customer; Self-adapts, creating new rules automatically and makes daily profile updates; · Allows users to install AML scenarios with both conventional rules and flexible comparisons which interpret activity using adaptive pr ofies for context.
COMPANY ADMINISTERING THE PROGRAM Fortent 99 Park Avenue, 11th Floor New York, NY 10016 Contact: Howard Weinberg Email: h.weinberg@fortent.com Tel: (212) 422-5100 Fax: (212) 422-3335
CAB CONTACT: Kimberly Smith, (202) 663-7516 ksmith@aba.com Lisa Gold Schier, (202) 663-5098
PATRIOT Officer® Anti-Money Laundering (AML) Transaction Monitoring Software
COMPANY ADMINISTERING THE PROGRAM 9301 Oakdale Avenue, Suite 100 Chatsworth, CA 91311 Website: www.gv-systems.com Contact: Catherine Lew Tel: (818) 998-7851, ext. 128 Email: clew@gv-systems.com
CAB CONTACTS Kimberly Smith (202) 663-7516 ksmith@aba.com Lisa Gold Schier (202) 663-5098
CONSULTING SERVICES
DEPOSIT SCORE OVERDRAFT MANAGEMENT SYSTEM
Backed by ongoing analytics and consulting, Sheshunoff's Deposit Score Overdraft Management System is a comprehensive overdraft management suite that assists financial institutions to strike an optimal balance between managing risk, serving customers, and improving income streams.
While many banks use some form of a DDA overdraft pay program, what differentiates Sheshunoff's Deposit Score Overdraft Management System are the powerful analytical tools it employs. At the heart of the software suite is an overdraft matrix or scoring engine designed with two realities in mind: 1) every customer is unique; and 2) circumstances change. The Deposit Score scoring engine monitors deposit regularity and other key transactional trends at the individual account level. It then filters that data through a set of analytical tools that continue to refine the matrix based on your data.
Financial institutions can experience an incremental revenue lift while seeing a reduction in charge offs when using Sheshunoff's Deposit Score Overdraft Management System.
KEY FEATURES:
• Comprehensive scoring tool that improves revenue and controls charge-off risk via advanced statistical analysis.
MARKET PROFILE:
BENEFITS OF THE PROGRAM:
BACKGROUND:
COMPANY ADMINISTERING THE PROGRAM Sheshunoff Consulting & Technology 2801 Via Fortuna Drive, Suite 600 Austin, TX 78746 Contact: Bill Murray Tel: (512) 703-1570 Fax: (512) 703-1571 Email: bmurray@smslp.com Website: www.smslp.com
CAB CONTACTS Kimberly Smith (202) 663-7516 Lisa Gold Schier (202) 663-5098
TECHNOLOGY AND PERFORMANCE ADVANTAGE SOLUTIONS CONSULTING SERVICES High-impact, value-added business process enhancement, fee income enhancement and technology consulting services designed to significantly improve the bank's bottom line and gain competitive advantages for both the short and long term. The Technology and Performance Advantage Solutions consuling services include:
Technology Solutions · Technology Assessments and Plans · Conversion Assistance · Outsourcing Evaluation and Selection · Software and Hardware Selection · Emerging Technology Strategies · Implementation Management Support
Performance Advantage Solutions
Business Process Enhancement Resource Advantage · Organizational Structure Alignment · Staffing Model Analysis · Process Design and Workflow Analysis (Best Practices Development) · Procedure/Policy Refinement · Technology Effectiveness
Fee Income Enhancement Revenue Advantage · Competitive Market Analysis · Fee Income and Product Analysis · Systems' Technical Capabilities Assessment · Transition Planning, Education and Implementation Assistance · Interest Margin Operations Analysis
Revenue Advantage Plus · Scorecard Tracking System · Incentive Compensation Plan · Negotiation Skills Training
MARKET PROFILE All commercial banks, savings & loans and thrift intitutions
BENEFITS OF PROGRAM · Bottom Line Earnings Improvement · Improved Organizational Efficiency · Enhanced Customer Service · Revenue Growth · Established Strategic Direction · Improved Technology Utilization
COMPANY ADMINISTERING THE PROGRAM Sheshunoff Consulting & Technology 2801 Via Fortuna Drive, Suite 600 Austin, TX 78746 Contact: Bill Murray Tel: (512) 703-1570 Fax: (512) 703-1571 Email: bmurray@smslp.com Website: www.smslp.com
CAB CONTACTS Kimberly Smith (202) 663-7516 Lisa Gold Schier (202) 663-5098
DISCOUNT AFFINITY PROGRAMS
CashSweep PROGRAM
DESCRIPTION: Designed to help community banks attract and retain key commercial accounts, the ABA-sponsored CashSweepsm program offered through SEI is a turnkey, automated system that sweeps excess commercial DDA balances into selected money market mutual funds. The program offers an integrated approach to building cash sweep services and oversees all aspects of the implementation process. Components include software implementation, technical training, extensive marketing support, and ongoing consulting services.
BACKGROUND: In response to banks' growing need to offer products to commercial customers that are competitive to non-bank financial service companies, ABA researched and selected SEI as the endorsed provider of a competitive and flexible cash sweep program. Through the ABA-sponsored program, community banks can offer both corporate and retail clients a variety of Money Market funds to satisfy a range of customer needs. The program provides a unique investment management process designed to ensure competitive and consistent performance.
MARKET PROFILE: All commercial banks whose commercial customers would benefit from short-term investments of their excess DDA balances. Community banks will value the flexible, PC-based system accompanied by customized marketing support.
WHAT BANKS CAN DO WITH SWEEP ACCOUNTS:
• Generate fee-based income to diversify the earnings stream of the bank
HOW CLIENTS CAN BENEFIT FROM SWEEP ACCOUNTS:
• Fully invest short-term assets conveniently and effectively
COMPANY ADMINISTERING PROGRAM:
SEI
CAB CONTACTS: Jackie Lucas (202) 663-5556
INSURANCE & COMPLIANCE
ABA Insurance Services
Formerly known as the ABA Sponsored Insurance Program, underwritten by Progressive, ABA Insurance Services has been a market leader for over twenty years and is recognized by insurance and banking professionals as a secure, stable and affordable source of coverage.
ABA Insurance Services is owned by American Bankers Mutual Insurance Ltd. (formerly known as American Bankers Professional and Fidelity Insurance Company), a mutual reinsurer owned and directed by ABA member banks. American Bankers Mutual Insurance Ltd. (ABMI) distributes profits to ABA member insureds through a unique profit-sharing program. To date, $71.5 million has been declared in profits to ABA member policyholders.
BACKGROUND During the mid-1980s, it became difficult for financial institutions to obtain affordable insurance due to instability in the banking industry. To assist community banks, the American Bankers Association formed a mutual reinsurance company to partner with the Progressive Group of Insurance Companies, creating the ABA Sponsored Insurance Program. In 2010, the name of the program changed to ABA Insurance Services.
PROGRAM BENEFITS · Opportunity to participate in a profit-sharing program · Easy to apply-simply submit your current carrier's applications · A+ rated (A.M. Best) issuing carriers · Innovative products address bankers' evolving needs · In-house legal experts handle claims quickly and fairly · Experienced, tenured underwriting staff · Unparalleled customer service standards
COVERAGES · Directors & Officers Liability · Bankers Professional Liability · Broad Form Company Liability · Employment Practices Liability · Internet Banking Liability · Lender Liability · Privacy Liability · Trust Services Liability · Financial Institution Bond · STAMP Surety Bond
HOW TO APPLY Contact: ABA Insurance Services Inc. 5910 Landerbrook Drive, Suite 100 Mayfield Heights, OH 44124 Jason Faulkner, Account Executive Tel: 800-274-5222 Website: www.abais.com
CAB CONTACT PERSONS
PROPERTY & CASUALTY INSURANCE
PROGRAM DESCRIPTION Bankers Insurance Center was created to assist ABA member banks implement and maintain appropriate and cost-effective coverage for the bank's own insurance programs.
The Center's program is designed to serve the needs of community banks (assets up to $5.0 billion); however, certain programs and products will appeal to larger banks as well.
Bankers Insurance Center presently offers The Bank Property and Casualty Insurance Program.
The Bank Property and Casualty Insurance Program - This program, underwritten by the leading carriers specializing in insurance for financial institutions, provides a full range of property and casualty insurance for community banks' own insurance programs. Uniquely broad policy forms for Property, General Liability, Automobile, Umbrella, Workers' Compensation, EDP, Mail, REO property, Forced Placed, Boiler & Machinery and other lines have been designed. Utilizing the ABA sponsored insurance program, Bankers Insurance Center also offers Directors and Officers, Financial Institution Bond, Trust E&O and other specialty coverage of financial institutions.
Experienced financial institution insurance experts from Bankers Insurance Center work directly with banks or their designated insurance agent to structure programs tailored to each bank's individual needs.
MARKET PROFILE All ABA member banks. Banks with assets of $5.0 billion or less are the principal focus.
PROGRAM CONTACTS
CAB CONTACT PERSONS
INVESTMENT BANKING
A full range of services that prepare the bank's executive management and Board of Directors to respond to the intricate challenges relaed to bank mergers and acquisition decisions, solicited and unsolicited acquisition offers, bank stock valuations and other situations requiring investment banking services.
Services include: · Strategic Counseling · Mergers and Acquisitions · Fairness Opinions · Evaluation of Capital Adequacy and Utilization · Capitalization Structure · Corporate Finance · Dividend and Capital Policies · Investor/Shareholder Relations · Complete Valuation Services for requirements including: ESOPs; Tax and Estate Planning; Dissenters' Rights Proceedings; Public Offerings; Reverse Stock Splits; Exchange Ratio Determinations · A Confidential Sounding Board · Value Mapping: A consulting service that utilizes a unique modeling program to assist community banks in identifying the implications of alternative strategies to improve bank peformance and value
BACKGROUND Sheshunoff Consulting & Technology, Investment Banking is the nation's leading provider of bank valuation, merger and acquisition services, having completed 4,052 bank/thrift valuations and 366 bank mergers/acquisitions since 1986.
BENEFITS OF THE PROGRAM Bank leaders will be prepared for a full range of issues related to valuations, and possible mergers and acquisition activities, leading to well-informed decisions in the best interests of bank and bank executives.
MARKET PROFILE Commercial banks, savings & loans, thrift institutions.
COMPANY ADMINISTERING THE PROGRAM Sheshunoff Consulting & Technology 2801 Via Fortuna Drive, Suite 600 Austin, TX 78746 Contact: Bill Murray Tel: (512) 703-1570 Fax: (512) 703-1571 Email: bmurray@smslp.com Website: www.smslp.com
CAB CONTACTS Kimberly Smith (202) 663-7516 Lisa Gold Schier (202) 663-5098
EXECUTIVE MANAGEMENT
COMPENSATION CONSULTING, EXECUTIVE AND DIRECTOR BENEFIT PLANNING & BOLI PORTFOLIO STRATEGIES
Clark Consulting is the banking industry's leading provider of programs designed to help banks keep their best people. Clark Consulting's Banking Practice specializes in strategic planning and leadership development; compensation and benefits consulting; and bank-owned life insurance (BOLI) portfolio solutions. Clark Consulting's Compensation and Benefit Consulting and BOLI Portfolio Solutions are endorsed by the American Bankers Association as well as more than 40 state banking trade organizations. Clark Consulting offers a seamless, consultative approach that has helped more than 2,400 banking organizations across the country recruit, retain, and reward top executives and directors. Its banking consultants have a comprehensive understanding of the strategic challenges facing bank executives, the changing landscape of compensation and benefits, and the complexities involved in developing a competitive BOLI portfolio.
· Compensation and Benefit Consulting
· Bank-Owned Life Insurance (BOLI) Portfolio Solutions BOLI has become the prevalent tool for offsetting the rising costs of employee benefits. As the banking industry's first and largest BOLI provider, Clark Consulting can offer a variety of proprietary products designed to meet bank-specific needs while negotiating competitive yields from their carrier partners. Clark Consulting's BOLI consultants will help you evaluate all available product design options to create a portfolio that best suits your bank's investment philosophy while also assisting with regulatory compliance documentation.
MARKET PROFILE The ideal candidate for these programs can fall into a number of needs areas: A banking organization that wants to develop a system to effectively reward their top talent by providing a compensation and benefit mix that balances the executive's needs with the bank's overall performance objectives.
A profitable bank seeking solutions to one or more of these fundamental benefit challenges: attracting and retaining management talent, creating management incentives, restoring shortfalls in existing retirement plans, upgrading director benefits and financing post retirement benefit obligations.
Community banks or large banking organizations looking to offset the current and future costs of medical, group life and other ERISA benefits, as well as those costs associated with both qualified and nonqualified retirement benefits through bank-owned life insurance (BOLI).
PROGRAM BENEFITS Implementing a program is only the beginning of Clark Consulting's long-term partnership with customers. Clark Consulting is experienced, reliable and financially secure to assist with the complex issues and unique challenges of servicing each individual benefit and BOLI plan. Its service professionals offer practical hands-on assistance in responding to auditors and examiners, as well as detailed information to help you in your regulatory compliance and documentation. Clark Consulting provides your bank with regular benefit statements, so you can show executives and director that they are being rewarded for their efforts and remind them of the investment you've made in their future.
By bringing together the best minds in strategy and leadership compensation and benefits and BOLI consulting - and then adding accounting, regulatory compliance and administration support specialists to the roster-Clark Consulting has the unique combination of knowledge and experience necessary to help banks keep their best people.
PROGRAM CONTACTS
Clark Consulting
CAB CONTACT PERSONS
OFFICE EQUIPMENT AND DOCUMENT SOLUTIONS
Xerox Corporation
Xerox Quality Is More Affordable Than You Might Think... Under a National contract with Xerox, ABA members are eligible to receive special pricing when purchasing or leasing Xerox products designed to help you work more effectively and efficiently in order to help increase your productivity.
PROGRAM BENEFITS · Banks can take advantage of National contract prices for the purchase or lease of Xerox copiers, duplicators, multi-functional devices, facsimile machines and other office equipment available through the local Xerox sales office. This program does not include Xerox products sold through retail chains, such as Staples or Office Depot.
HOW TO PARTICIPATE Contact your local Xerox sales representative or authorized sales agent, and mention you are a member of the American Bankers Association and/or the Vermont Bankers Association. To locate a Xerox representative near you, call the Bankers hotline at 1-800-275-9376, ext. "BANK" (2265). Important: Make sure you reference the ABA contract number 0706438 when you purchase or lease your Xerox machine.
PROGRAM CONTACTS
Xerox Corporation
CAB CONTACT PERSONS
OVERNIGHT DELIVERY
United Parcel Service (UPS)
PROGRAM DESCRIPTION Financial institutions can take advantage of special pricing discounts through UPS under the brand new ABA/UPS Overnight Delivery Service Program. Under this new program, UPS offers special shipping rates to financial institutions eligible for ABA membership on overnight and international delivery services specified below. UPS provides reliable overnight and international service to virtually anywhere in the world, serving delivery points within the United States and over 200 countries and territories worldwide.
Re-Enrollment Necessary for Current Program Participants: Financial institutions currently enrolled in the ABA/UPS Overnight Delivery Service Program must re-enroll in this program to receive the discounts and services under this new enhanced program! See How to Participate below.
PROGRAM BENEFITS:*
• 20% - 30% off published rates for UPS Worldwide ExpressSM letters & packages (U.S. origin only) *Discount based on shipping characteristics.
USER PROFILE: This agreement applies to all financial institutions eligible for ABA membership.
HOW TO PARTICIPATE: For more information or to enroll in this new discount program, please contact the UPS National Association Hotline at 1-800-325-7000. Assistance is available for enrollment from 7:00 AM to 7:00 PM (Central Standard Time). Please refer to the American Bankers Association Program when enrolling. Financial institutions currently enrolled in the ABA/UPS Overnight Delivery Service Program must re-enroll in this program to receive the discounts and services under this new expanded program.
PROGRAM CONTACTS: UPS Sandy Keefe, Customer Relationship Manager Phone: (404) 828-7733 Email: skeefe@ups.com
55 Glenlake Parkway, NE Atlanta, GA 30328-3474
CAB CONTACT PERSONS: Jackie Lucas (202) 663-5556 Cynthia Werthman (202) 663-7587
TECHNOLOGY
Internet Banking & eFinance Solutions
The online banking channel has matured beyond a technical innovation into a vital channel for financial institutions regardless of size. Digital Insight® empowers financial institutions to provide internet-based financial solutions to their retail and commercial customers via a cost-effective, outsourced service. Through Digital Insight's Online Banking Solutions, communication financial institutions can increase profitability and compete against the largest and most sophisticated financial institutions. As the largest provider of Internet banking services in the United States, Digital Insight serves more than 1,700 financial institutions and 5.7 million consumer end users.
CONSUMER SOLUTIONS With Digital Insight's Consumer Internet Banking platform, your "Internet branch" serves as the financial hub for all your end users' online banking needs and strengthens your brand and image. Consumer Internet Banking enables community banks to market and sell new products, increase revenues, satisfy end users, and build longer lasting relationships - all with minimal demand on the bank's existing infrastructure and resources. With a third-generation user interface, Consumer Internet Banking services include:
BUSINESS SOLUTIONS With this sophisticated, scalable online cash management solution, your commercial customers can manage their cash positions at all times. Financial institutions can take advantage of Digital Insight's product implementation expertise, state-of-the-art data center, on-going support, and comprehensive product training.
Additional features and products:
WEB CENTER Web Center is Digital Insight's next-generation Web platform designed to empower banks to manage their Web sites without technical training and meet business goals. Powerful, user-friendly administrative tools enable users to easily edit content, upload documents and images, and manage dynamic content such as rates.
LENDER SOLUTIONS
For information about Digital Insight's Lender Solutions please go to the following website link:
BACKGROUND In February 2000, The American Bankers Association (ABA) through its subsidiary, the Corporation for American Banking (CAB), gave its endorsement to Digital Insight for its Internet Banking and Business Solutions. Later that same year, the endorsement was extended to include Digital Insight's Lending Solutions and eCommerce products. Presently, more than 1,700 financial institutions have contracted with Digital Insight for one or more of the company's Internet products and services. More than 4 million customers of these institutions actively use Digital Insight for their Internet Banking. In addition to ABA's endorsement, Celent Communications based in Cambridge, MA, ranked Digital Insight's Internet Banking Solution as "Number One" for community banks for two consecutive years.
PROGRAM BENEFITS Digital Insight is committed to ensuring that small- to mid-size financial institutions can compete with larger institutions with the best Internet Banking solution in the market today. Digital Insight provides these institutions a cost-effective, outsourced service, that enables them to offer to their customers the same services that many of the top banks offer.
Additionally, financial institutions can:
PROGRAM CONTACTS
Digital Insight, Inc.
CAB CONTACT PERSONS
Monica Condon Tel: (202) 663-5475
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