May.03, 2010

AUSTIN, Texas--(BUSINESS WIRE)--Banker’s Toolbox, a provider of comprehensive commercial real estate loan stress testing, anti-money laundering and wire processing software solutions, now calls Austin, Texas home. Banker’s Toolbox, which moved from North Hollywood, Calif., is beginning its second decade of operations in a new location to enhance customer support and increase access to the local talent base.

“Austin is an ideal home base for us for many reasons,” said Daniel Cho, CEO of Banker’s Toolbox. “Operating in the Central Time Zone will enable us to provide better support for customers on both coasts.”

The company’s offerings include Bank Secrecy Act/Anti-Money Laundering Management System (BAM®), an anti-money laundering detection and reporting solution. Banker’s Toolbox also presents Crest™, a state-of-the-art CRE loan stress testing solution, and WirePro™, a proven wire processing solution. The company’s offerings are rounded out by several other banking solutions, notably Fraud Manager™, a check fraud detection product; Kite Manager™, an anti-check-kiting software; and services for outsourced BSA/AML monitoring, outsourced CRE loan stress testing, and BSA/AML consulting.

“Austin has been dubbed the ‘Silicon Hills’ due to the concentration of high-tech companies headquartered in the area, so there is an incredible amount of local talent that we can tap into,” Cho said. “In addition, the lower cost of living in this location is much closer to the national median, which allows us the opportunity to invite even more top-tier individuals to join our team. This move will better equip us to serve our customers as we begin another decade of helping financial institutions.”

The new headquarters of Banker’s Toolbox’s will be located at:

New Address: 10431 Morado Circle, Suite 300, Austin, TX 78759

New Main Number: 512-279-5700

New Fax Number: 512-279-5701

About Banker’s Toolbox

Austin, Texas-based Banker’s Toolbox, Inc., helps banks manage risk and streamline compliance examinations. The company’s product suite consists of affordable solutions for money laundering detection and reporting, commercial real estate loan portfolio risk assessment, risk management through fraud and kite prevention and secure wire processing automation. The Banker’s Toolbox team is a unique combination of seasoned bankers and information technology consultants who specialize in designing, developing and implementing risk management solutions nationwide while providing unparalleled customer service to regional and community banks. For more information, visit the company’s website at www.bankerstoolbox.com.