News

FSI AND GLOBALVISION SYSTEMS PARTNER IN PATRIOT OFFICER

PATRIOT Officer provides compliance with the Bank Secrecy Act, the USA PATRIOT Act, and the requirements set by the FBI, the Drug Enforcement Agency (DEA), the Financial Crimes Enforcement Network (FinCen), and the Department of Homeland Security (DHS). Financial institutions have come under increased pressure since the passage in October 2001 of the USA PATRIOT Act to strengthen their anti-money laundering programs, and FSI’s implementation of PATRIOT Officer is designed to afford its clients a robust, comprehensive answer to the PATRIOT Act’s requirements.

"Financial Services, Inc. ("FSI") is an excellent partner to GlobalVision," said Oliver Song, President and CEO of GlobalVision. "FSI is well known for providing core account processing services to banks. With the PATRIOT Officer system, FSI can empower these banks to quickly comply with the escalating standard in BSA examinations."

Rob Sassos, FSI Vice President of Client Services, said "We chose PATRIOT Officer after reviewing a number of competitive products with our clients. GlobalVision offers what we consider a best-of-class solution that we can seamlessly integrate into our existing BankNet thrift and Kirchman Bankway commercial data processing systems."

FSI’s host-based PATRIOT Officer service will save its clients from substantial investments in hardware, software and implementation. BankInfo, FSI’s existing data warehouse facility, will be leveraged to provide much of the data required for the new interface.

ABOUT GLOBALVISION SYSTEMS, INC.
Based in Los Angeles, GlobalVision Systems ("GlobalVision") is the leading provider of risk management systems to the financial industry. GlobalVision's Anti-Money Laundering ("AML") and Anti-Terrorist Financing ("ATF") software system, the PATRIOT Officer, has been highly recommended by bankers nationwide. Hundreds of financial institutions are using the PATRIOT Officer system to automate their compliance processes in accordance with requirements of BSA, OFAC and the USA PATRIOT Act.

ABOUT FINANCIAL SERVICES, INC.
Financial Services, Inc., located Glen Rock, New Jersey, provides data processing, item processing and Internet services to over 600 clients in the U.S. Founded in 1954, FSI's commitment to quality services for the banking industry has been unparalleled by any other servicer anywhere in the country. As one of the largest independently-owned solution providers to the banking services industry, FSI provides consistent, quality service to banks ranging in size from de novo community institutions to large, multi-billion dollar regionals. Its FSIWebs division provides Web hosting, design and development, as well as co-located, dedicated and managed server solutions. For more information, call 888-374-6200, email rsassos@insidefsi.net, or visit www.insidefsi.net.