MIAMI, FL, August 19, 2004 â IDOM, Inc. announced today that one of South Floridaâs newest domestic banks, Great Florida Bank, has chosen REG-Reporter to automate their regulatory report processing.
Thomas Lunak, Chief Financial Officer at Great Florida Bank stated, "Great Florida Bank is committed to utilizing state of the art technology as we build a strong foundation for our organization and we are confident that using REG-Reporter to automate our regulatory reporting process will aid us in achieving that goal."
Lunak continued, "We just officially opened for business at the end of June and as such have many areas that require our close attention, so it is reassuring to know that we will have a robust system in place that can efficiently handle our regulatory reporting for us both now and as we grow."
"We are excited to have the opportunity to work with one of Miamiâs newest banks as well as another user of Dataproâs banking system," commented Vincent Raniere, President & CFO of IDOM.
REG-Reporter automates compliance with reporting requirements to regulatory authorities and management, and helps ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. It combines data from all of a bankâs systems into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies such as the Federal Reserve Bank.