âKirchmanâs ability to offer a truly seamless integrated core technology solution was key in our decision,â said Mehdi Ghomeshi, chief executive officer, Great Florida Bank. âThe partnership will empower our associates to create a more personal experience for our customers and expedite daily transactions. Primeâs three regulatory products will help us achieve the goal of being one of the most secure and compliant financial institutions in the banking industry. Weâre confident that our agreement with Prime Associates will allow us to be just that.â
Established in 2004 by a group of South Florida business and community leaders, Great Florida Bank currently serves several counties in South Florida. After raising a record $60 million in its first stock offering, Great Florida Bank opened for business in June 2004.
The Kirchman Bankway core banking software is a single customer-centric database that allows bank personnel to complete transactions at the point of service. Financial institutions can easily tailor its products and services to meet the unique demands of its market, while reducing the high costs associated with custom programming. Additionally, Kirchman Bankway open system design allows for seamless connections to third-party delivery channels, such as Internet banking and voice response systems.
âThe Great Florida Bank agreement demonstrates the benefit of having numerous complementary technology solutions available for our clients from a single provider in Metavante. Kirchman clients are finding that they can meet many of their business priorities and customer demands by leveraging technologies from one source,â said Rachel A. Landrum, president, Kirchman Corporation. âOur strategy of enabling financial institutions to effectively compete and grow supports Great Florida Bankâs mission and enriches the products and services they provide to their customers.â
Primeâs Compliance Manager is an integrated suite of compliance solutions, with each module working to compliment one another. BSA Reporter provides the anti-money laundering functions of suspicious activity detection, customer and peer group profiling, rules-based analytics, and case management. Comparatively, EDD Reporter provides âknow your customerâ and customer identification program compliance functions, risk-based modeling and identity verification, which are becoming a compliance industry standard. Primeâs OFAC Reporter provides heightened awareness of politically exposed persons and financial fraudsters on a global basis and helps financial institutions meet mandates set by global sanctioning bodies.
âGreat Florida Bank is one of the fastest growing community banks in the country and we will apply our expert approach to deliver a comprehensive compliance solution specific to their needs,â said Salvatore Cangialosi, president, Prime Associates, Inc. âOur main focus is to reduce the burden on financial institutions today by helping our clients deal with seen and unforeseen risks.â