Carreker Corporation Press Release -
February 10, 2005
BankPlus Installs Carreker’s CORE™ AML
Filter Solution
Solution helps banks of all sizes minimize
the growing costs of anti-money laundering compliance
DALLAS, TEXAS (February 10, 2005) — Carreker
Corporation (Nasdaq: CANI), a leading provider
of technology and consulting solutions for the
financial industry, announced today that Jackson,
Mississippi-based BankPlus has installed Carreker’s
CORE™ (Carreker Online Risk Management
Expert) AML Filter for advanced protection against
money laundering activity. CORE AML offers BankPlus
a cost-effective Know Your Customer (KYC) anti-money
laundering solution that will help minimize the
impact of the rising costs of compliance.
“As regulators continue to levy heavy fines
against financial institutions for compliance violations
it was critical that we select a filtering solution
that will help protect both our reputational and
customer assets. CORE AML Filter provides us with
that protection” said Gee Gee Patridge, CFO,
BankPlus. “Complying with increasingly stringent
anti-money laundering regulatory requirements creates
additional resource needs for the bank, but CORE
AML Filter allows us to meet those requirements
without significant impact to our bottom line.”
“Carreker’s AML filter allows us to
meet our current and future compliance needs with
the latest in money laundering detection technology,” said
Donna Miller, Vice President of Deposit Services,
BankPlus. “The system’s fully automated
capabilities provide us with maximum efficiency
in the processing, investigation and reporting
of suspicious individuals, companies, organizations
and other named entities.”
Miller added, “We’ve realized an immediate
return on our investment with CORE AML Filter.
During our first month of operation we generated
alerts and determined that several of them warranted
further investigation. These are items that otherwise
could have potentially gone undetected.”
CORE AML Filter compares names in transaction
and account data against negative and positive
lists, applying advanced detection techniques that
minimize false positives while identifying potentially
suspicious entities in both batch and real time.
The software can take data from across the enterprise
and compare it against industry or bank-specific
lists. These lists can be updated and processed
automatically against existing databases with alerts
issued or exempted as needed. Alerts can be automatically
routed via e-mail to any selected individual or
department, depending on the type of match that
has been identified, offering increased efficiencies
and unparalleled levels of automation.
“With the threat of money laundering becoming
more of a reality at the community banking level,
forward-thinking institutions like BankPlus are
seeking flexible solutions that will not only comply
with regulatory requirements, but also provide
them with the highest level of protection possible,” said
Thomas G. Gordon, senior vice president, Risk Management
Solutions, Carreker. “CORE AML Filter uses
advanced technology to deliver a cost-effective,
enterprise-wide solution that accurately detects
suspicious instances.”
“We’re delighted that BankPlus has
chosen our CORE AML Filter system to help protect
their institution from the risk of money launderers
or other criminals using them for illicit purposes,” said
J.D. (Denny) Carreker, chairman and CEO, Carreker. “As
compliance costs continue to escalate, especially
for community banks, we expect our comprehensive
AML detection solutions to be in increasingly high
demand.”
About BankPlus
BankPlus, with total assets of more than $1.3 billion,
has 48 banking offices in 30 Mississippi communities.
In addition to its Belzoni headquarters, other
BankPlus offices are located in Bentonia, Brandon,
Byram, Canton, Clinton, Durant, Flora, Flowood,
Gluckstadt, Holly Bluff, Isola, Jackson, Lexington,
Madison, Meridian, Newton, Ocean Springs, Pearl,
Picayune, Pickens, Poplarville, Quitman, Ridgeland,
Shubuta, Southaven, Stonewall, Tchula, Waynesboro
and Yazoo City.
About Carreker Corporation
Carreker Corporation improves earnings for financial
institutions around the world. The Company’s
integrated consulting and software solutions
are designed to increase clients’ revenues
and reduce their expenses, while improving security
and increasing the value of their customer relationships.
Carreker provides products and services to more
than 250 clients in the United States, Canada,
the United Kingdom, Ireland, continental Europe,
Australia, New Zealand, South Africa, South America,
Mexico, and the Caribbean. Clients include the
full range of community, regional and large banks,
among them more than 75 of the largest 100 banks
in the United States. Headquartered in Dallas,
Texas since 1978, Carreker Corporation has offices
in London and Sydney. For more information, visit www.carreker.com.
