Computer Services, Inc., (CSI) (Pink Sheets: CSVI.PK) has expanded its popular information access system, Executive View, to include a monitoring process that can help customer banks to comply with regulations designed to thwart fraud, money-laundering and terrorism activities.
Regulatory changes and FDIC exam procedures instituted since 9/11 place increased emphasis on financial institutions' risk-based policies and procedures; monitoring of risky accounts; and deterrence of terrorist financing that funds its operations under the reporting thresholds. In addition to the anti-money laundering programs and monitoring of high-risk customers banks are required to do, they should also watch for suspicious activity in bank accounts, closely monitor suspicious fund transfer patterns, identify customer efforts to avoid record keeping or reporting, and spot activity that is inconsistent with business patterns.
Over 20 different views of fraud related information in Executive View can help CSI customers to comply with these requirements. Bankers simply identify and quantify the risk of accounts that may need monitoring and Executive View will compare unusual transactions or transaction patterns to activity volumes and balances for the previous month or previous year. Bank executives can view information at a macro level and drill down to the individual account holder level, and information can be exported to programs such as Word and Excel for data merges and spreadsheet applications for in-bank reference.
Executive View has already dramatically changed the way bank executives work with CSI systems. It now promises to become a major asset in helping banks to comply with increasingly stringent anti-terrorism regulations.
About Computer Services, Inc.
Computer Services, Inc. (CSI) provides service and software solutions for community banks. In addition to core processing, our integrated banking solutions include imaging, cash management, Internet banking, corporate intranets, secure web hosting, e-messaging, online shopping, teller and platform services, ATM and debit card service and support, risk assessment, network management, and compliance software and services for regulatory compliance, homeland security and fraud prevention. Over 2000 financial institutions are served with CSI's products and services. For more information, visit the company's web site at http://www.csiweb.com/ .
CONTACT: Bob Kelley, VP, Systems & Research of Computer Services, Inc., +1-800-545-4274, Ext. 10171, or bkelley@csiweb.com
Web site: http://www.csiweb.com/
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