Wedbush Bank Selects TriNovus

Wedbush Bank Selects TriNovus
For Vendor Management Solution

Companies Collaborate To Deliver Improved Product to the Marketplace


Birmingham, Ala., July 28, 2009 –TriNovus (www.trinovus.com ), a company focused on delivering relevant technology solutions to the marketplace, today announced that Wedbush Bank (www.wedbushbank.com ) has selected TriNovus to provide its vendor management services through the use of the company’s BankerVMS (www.bankervms.com) product. Wedbush Bank is an entrepreneur and business bank headquartered in Los Angeles offering a wide range of financial solutions tailored to corporate customers, executives and professionals.
TriNovus’ BankerVMS will enable Wedbush Bank to better manage its vendors throughout relationship lifecycles and will help Wedbush Bank to reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

One aspect of BankerVMS that initially attracted Radhika Dholakia, Wedbush Bank’s chief banking officer, to the product was the vendor management software’s compliance piece.
“Wedbush Bank is very committed to meeting regulatory requirements as per FFIEC guidance,” said Dholakia. “When management evaluated BankerVMS, the compliance piece was a huge factor in our decision to implement the product.”

After initially previewing BankerVMS, Dholakia worked with TriNovus’ chief information officer, Terry Ray to review risk elements, build a test environment and provide suggestions for a change in the compliance scale to help develop a more robust compliance piece.

“Radhika’s input was very valuable in helping us to strengthen the risk management module of BankerVMS,” said Ray. “We value our collaboration with her and the rest of the Wedbush staff and feel that our symbiotic relationship has resulted in TriNovus delivering an even stronger product to the marketplace.”

Dholakia added, “The strength and breadth of the BankerVMS solution will help each TriNovus client easily control and monitor vendor risk.”

TriNovus’ relationship with Wedbush Bank marks the company’s expansion to the west coast.
“BankerVMS fulfills a great need in the vendor management space,” said David Brasfield, chief executive officer of TriNovus. “Banks are always going to be concerned with saving money and ensuring that they are meeting compliance requirements. BankerVMS helps them to do both.”

About Wedbush Bank

With over $100 million in assets, Wedbush Bank is one of the upcoming entrepreneur and business banks headquartered in Los Angeles and offers a wide range of financial solutions tailored to corporate customers, executives and professionals. Wedbush Bank's strategy focuses on delivering high touch and high tech financial solutions including deposit and cash management services and commercial, small business, asset-based and real estate financing. Founded in 2008, Wedbush Bank is a subsidiary of Wedbush, Inc. and an affiliate of Wedbush Morgan Securities. Wedbush Bank can be found on the Web at www.wedbushbank.com.

About TriNovus

TriNovus LLC, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product, BankerMLS (www.bankermls.com ), is a web-based application targeted to financial institutions that enables them to obtain maximum exposure and value for their repossessed assets. BankerVMS (www.bankervms.com) is a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com

Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com


Contact: Monique Johnson, Wedbush Bank
Director of Marketing
(213) 688-4485 monique.johnson@wedbushbank.com