Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
More Call Report changes coming
In FIL-2-2018, the FDIC yesterday announced the approval by the FFIEC of additional burden-reducing revisions and certain other reporting changes to all three versions of the Call Report. The revised reporting requirements will take effect as of March 31 or June 30, 2018, depending on the change, subject to approval by the U.S. Office of Management and Budget. These Call Report changes were proposed by the three federal banking agency members of the FFIEC in June 2017, and result from ongoing efforts by the FFIEC and the agencies to ease reporting requirements and lessen reporting burden that is focused on, but not limited to, small institutions.