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Prime Associates Contact:
David DeMartino VP,
Sales & Marketing Prime Associates,
Inc. 732-574-0074 |
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b4nAfter Contact:
Jerry Murphy
Chief Executive Officer
b4nAfterApplications LLC
845-942-0252 |
Prime
Associates Announces Strategic Alliance with b4nAfterApplications
CLARK,
NJ, September 3, 2004 – Prime Associates, Inc., a leading
provider of Anti-Money Laundering (AML) software for financial institutions,
has entered into a strategic alliance with b4nAfterApplications,
LLC, a leading provider of integrated solutions for all businesses
concentrating on compliance, auditing, and document imaging and
file management. b4nAfter offers the compliance management solution,
b4nAfter ComplianceAlert™, which is a database of compliance
issues based on existing policies, procedures and best practices
that define a compliance program.
“b4nAfter Compliance Alert™ represents a unique opportunity
for financial institutions to meet their regulatory mandates. Its
novel approach to information distribution, training, and demonstrable
due diligence will compliment Prime’s products and together
will establish the best practice in the market,” states Salvatore
Cangialosi, Prime’s President and Founder.
“We
welcome the opportunity to work with Prime, a well-known leader
in the compliance field. Through this alliance it is our hope that
our product, b4nAfter Compliance Alert™, in tandem with Prime’s
suite of compliance solutions, will further ease the burden placed
upon the compliance staffs of any institution in their effort to
comply with the seemingly endless regulatory demands placed upon
them,” said Jerry Murphy, President and CEO of b4nAfter.
About
Prime Associates
Prime Associates, Inc. is a leading international provider of software,
data and services that address the regulatory and compliance mandate
of financial institutions. Prime’s Compliance Manager™
provides a complete suite of state-of-the-art solutions for Anti
Money Laundering, OFAC and Sanctioned Parties, Enhanced Due Diligence,
Bank Secrecy Act and other regulations to the financial community.
BSA Reporter™, EDD Reporter™, OFAC Reporter™,
Legal Reporter™, and Training Reporter™ have been installed
in some of the largest financial institutions around the world.
PrimeIQ™ is an Internet-based service that allows anyone with
Internet access to verify a name against a comprehensive database
of compliance information, including financial fraudsters, Politically
Exposed Persons and worldwide sanctions lists. More information
about Prime Associates, Inc. is available at: www.primeassociates.com
and www.primeiq.com.
About
b4nAfterApplications, LLC
b4nAfter is the developer and provider of various software products
that automate and streamline critical administrative and operational
functions of an institution’s compliance and audit processes.
b4nAfter
ComplianceAlert™ is a powerful compliance software solution
that will help an institution to minimize compliance risk, prevent
violations of the law and subsequent damage to its reputation, while
reducing the administrative costs associated with the compliance
function. ComplianceAlert combines the ease and familiarity of an
email delivery system with a powerful automated database (knowledgebase)
of compliance issues, which is customized by the institution. This
facilitates the continuous education of the staff and the distribution
of information regarding compliance issues, automatically stores
staff responses in the database and provides reports for the regulatory
body responsible for the review of the institution.
More
information about b4nAfterApplications, LLC and our other products
are available at www.b4nAfter.com.
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