BANK ADMINISTRATION SERVICES
Bank Denovo IT Consulting
Facilicom, LLC.'s Bank Denovo IT Consulting Service is designed to provide expert guidance and strategic advice to banks while establishing a new branch or launching a new banking operation (Denovo). We understand the unique challenges and complexities of setting up a new bank's IT infrastructure and systems, and our service aims to ensure a successful and efficient IT implementation.
Bank Facility Opening, Closing & Relocation Service
Facilicom, LLC.'s Facility Opening, Closing & Relocation Service is designed to provide comprehensive support to banks during the critical stages of opening new branches, closing existing facilities, or relocating to new premises. With a focus on efficiency, coordination, and attention to detail, our service streamlines the process, allowing banks to successfully open new branches, close facilities, or relocate with minimal hassle. We understand the unique challenges and time-sensitive nature of these activities, and our experienced team is dedicated to ensuring a seamless transition while minimizing disruptions to business operations.
Virtual Bank Secrecy Act Management Service (vBSAM)
Facilicom LLC’s vBSAM Service is designed to assist financial institutions in ensuring compliance with the regulations and requirements of the Bank Secrecy Act, which is a crucial component of the United States' anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. Our experienced vBSAM is well-versed in the complexities of the BSA and can provide comprehensive guidance and support to help your organization meet its regulatory obligations.
BSA Due Diligence Assessment
During a bank M&A, a thorough BSA review plays a critical role in evaluating the target bank's compliance with AML and CTF regulations, identifying potential risks, and providing recommendations to ensure a robust and compliant BSA program within the merged entity. It helps to protect the acquiring bank, its customers, and the overall financial system from potential regulatory and reputational risks.
Virtual Deposit Operations Management Service (vDOM)
Facilicom LLC’s vDOM offers specialized expertise and guidance to banks seeking to optimize their deposit operations and enhance efficiency in managing customer deposits. With a deep understanding of industry best practices and a focus on improving processes, our experienced vDOM partners with banks to streamline operations, mitigate risks, and deliver exceptional deposit services.
Deposit Operations Due Diligence Assessment
A deposit operations review aims to identify potential risks, operational inefficiencies, and areas of opportunity in the target bank’s deposit operations. The findings and recommendations from the review assist in determining transactional cost and integration strategies by assessing the impact on customer experience, evaluating operational synergies, and establishing a roadmap for a successful merger or acquisition.