TriNovus Releases Newest Version of Stress Testing Solution For Financial Institutions

TriNovus Releases Newest Version of Stress Testing Solution For Financial Institutions
BankRISK Can Be Calibrated to Emulate Supervisory Capital Assessment Program

Birmingham, Ala., December 1 , 2010 – TriNovus, LLC (www.trinovus.com), a company focused on delivering relevant technology solutions to the financial marketplace, announces a new release of its BankRISK stress testing and capital assessment solution that fulfills the requirements of the latest guidelines set forth by the Federal Reserve.

The Federal Reserve is requiring the nation’s nineteen biggest financial institutions to undergo another round of stress tests, and in an advisory dated November 17, 2010, the Federal Reserve suggests that “a comprehensive capital plan should incorporate a stress testing framework that considers a range and variety of economic, financial market and operational events and outcomes, including very severe ones, to estimate potential capital needs. It should capture, among other elements, management’s estimates of potential losses, revenues and the amount of capital needed to withstand these scenarios and be able to continue to operate in a safe and sound financial condition.”

BankRISK is calibrated to emulate the Supervisory Capital Assessment Program, and it can be adjusted to various levels of stringency using back testing from a robust historical database.

According to Ronald Widner, BankRISK product analyst for TriNovus, regulators’ expectations around stress testing are two-fold. The first part involves quantification and analytics. The second requires developing a game plan to address those results.

“BankRISK is much more than just an off-the-shelf piece of software,” said Widner. “It is a service that helps your bank run the stress tests it is required to do and it devises tactics and strategies to address stress test results so that your bank can ultimately achieve better profitability.”

Banks interested in stress testing can contact TriNovus at 205.991.5636 or email info@trinovus.com.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. The TriNovus product suite currently consists of solutions addressing compliance, stress testing, vendor management and distressed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

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Banks To Under Go Fed Stress Test

CHECKUP: The nation's largest banks must undergo new stress tests to show they can weather another recession, and the Federal Reserve said those that pass them can boost dividends paid to investors.

WHAT'S GOOD HEALTH? Banks would need to show they're in good financial health and that they have adequate capital to absorb potential losses over the next two years.

LINEUP: All of the 19 largest banks overseen by the Fed must file the plans — even if they don't intend to increase their dividend payments.

Source: Yahoo Read Original Article Here

TriNovus' BankRISK product offers stress testing for community banks. Right now we are offering a one time special of $995 to stress test your bank's loan portfolio. You can read more about our solution here

TriNovus TAPS CODEBABY TO INCREASE FREE PRODUCT DEMONSTRATION SIGN-UPS

For Immediate Release:

Birmingham, AL - November 1, 2010 - TriNovus, LLC, a leading provider of relevant technologysolutions to the financial marketplace, is injecting energy on its website with the launch of acustomized and highly interactive CodeBaby Character designed to assist its customer base.

When consumers visit TriNovus’ website www.trinovus.com for a free product demonstration and to join its weekly financial online newsletter, the company’s new customized digital character will make the experience seamless for visitors while they navigate the sign-up process.

“After extensive research for the best conversion solution in the marketplace we found CodeBaby had the best product offering,” said David Brasfield, CEO of TriNovus. “We are excited to have a digital character on our landing page that will increase our customer base and communicate our services clearly to site visitors.”

TriNovus will use a female digital character and she will help the company’s customers in November, 2010.“CodeBaby is delighted to have the opportunity to assist TriNovus reach its business objectives,”said Patrick Bultema, CodeBaby CEO. “They produce an extremely strategic business offering and with the inclusion of a digital character they are fully positioned to communicate their model to consumers.”

About TriNovus:
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. Its TriComply compliance solution headed by industry veteran Blair Rugh was designed to serve as compliance knowledgebase for banks. In addition to TriComply, TriNovus offers BankRISK, a loan portfolio stress testing solution; BankerMLS (www.bankermls.com), a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets; BankerVMS, a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships; and TriVALU a suite of products that can assist with loan evaluation needs including AVMs and full appraisals. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

About CodeBaby:
CodeBaby is a privately held internet software company with offices in Colorado Springs, Colo. and Edmonton, Alberta. Its cutting edge technology enables companies to quickly and easily create high-quality, realistic digital character conversations that engage online customers to optimize results. These customized and interactive conversations are creating value for a rapidly growing number of Fortune 1000companies as well as mid-sized clients. With extensive analytics, CodeBaby Monitor
allows clients to track and tune CodeBaby Conversations to achieve dramatic results that include lead capture, cross-sell / upsell, customer service, online learning, and other web tasks. To learn more about CodeBaby, visit www.codebaby.com.
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The Dodd-Frank Act The More We Hear About It The Less We Like It

And we didn't like it much to begin with. Have you heard about "qualified mortgages"?

New horrors of the Dodd-Frank bill seem to come to light every day. The latest we've
learned of is the concept of the "qualified mortgage" the bill codifies into law.
What's a qualified mortgage? Congress has decreed that it's one that adheres to these eight rules:

1. The mortgage amortizes. No option ARMs need apply.
2. It can't result in a balloon payment that's twice as large as the average of
earlier scheduled payments.
3. The borrower's income and financial resources must be verified and documented.
4. Underwriting is based on the full term of the loan, and takes into account taxes,
insurance, and other related payments.
5. If it's an ARM, underwriting must be based on the max rate permitted over the
first five years and full amortization (including taxes, insurance, and other
related payments).
6. The borrower's debt-to-income ratio meets standards set by the CFPB.
7. Related fees can't exceed 3 points.
8. Maximum term is 30 years.

Got all that? The law basically insists that lenders write only mortgages that are qualified under federal standards. For the rest of the story, visit Bankstocks.com

For more on how TriNovus can help you make banking better visit TriNovus.Com.

Community Banks, Share This With Your Customers Through Your Social Media Channels

Need some content for your facebook page or blog. Why not share this information with your customers...

According to Real Simple Magazine "Swindlers can program their phones so that an actual bank's name shows up on your caller I.D." (referred to as smishing). This could be an automated call where your username and password are requested or it could be an actual live person misrepresnting themselves as someone from your bank.

Advise your customers to protect themselves by:

"If you get a call that's supposedly from your lender-which might happen, especially if you're traveling and they are concerned about any unusual purchases-hang up and call the number listed on your bank statement or credit or debit card. If you have any doubts about a text or an e-mail that you receive, delete it. Then phone yoru bank to resolve any questions and to notify it about a possible scam."

Real Simple Magazine, October

TriNovus provides technology solution to community banks. Visit us at www.trinovus.com or LIKE us on Facebook!

It's Simple...Stick With Community Banks & Credit Unions

According to the October issue of Real Simple Magazine "...if you're more keen on earning the most interest, signing a car loan with the best terms, or paying the lowest fees, look to a local bank or credit union..." 'Smaller institutions must compete for customers, so their reates are usually more favorable -and they focus more on customer service..."

Just like community banks focus on customer service for their banking customers, TriNovus' main goal is to service community banks through being a technology parter not just a provider. Check out our technology solutions for communit banks and know that when you choose TriNovus we'll treat you like you treat your customers. Stop by our website at www.trinovus.com.

TriVALU- Assisting You With Your Loan Evaluation Needs

Did you know that while regulators are requiring that you keeo current information on the full market value of your loan collateral, the expense of a full appraisial is not always necessary?

Specifically this is the case when

The transaction has a value of $250,000 or less;
It involves an existing extension of credit at the lending institution

TriNovus cann offer:

Automated Valuation Model (AVM)
Traditional BPO (Broker Price Offering)
Appraiser Desktop Appraisal

And in the event that you do still need a full appraisal, we can help with that too!

Find out more at HERE!

Have You Heard About TriComply?

TriNovus has a great new compliance service to meet all of your community bank's compliance needs. It is headed by compliance guru Blair Rugh and features written bank policies and procedures, compliance questions and answers, weekly compliance newsletter, access to compliance knowledgeboard and advertising review for compliance. But enough of us telling you about it. Hear it from Blair in his own words in this short video clip!

Remote Deposit Capture Delivery Lags Customer Demand

by Trent Flemming, friend of TriNovus

For more than five years now, Remote Deposit Capture (RDC) technology has been widely available. Early efforts at deployment tended to focus on those customers who, by virtue of their distance from a branch, or the nature of their business, would seem to benefit most. Often, it was these customers, along with those who simply saw it as a “must have” technology, where banks focused their initial efforts. In some cases, banks acquired an RDC system to meet the needs of a single customer. As with most new technologies, the actual end users tend to teach us what the real value of the solution is, as they interact with it day to day. In the case of RDC, two things immediately became clear. First, the time and distance benefit was real: customers could avoid trips to the bank for deposit purposes. The second benefit was less intuitive though. The process of preparing the deposit electronically was superior to preparing a paper deposit. This was true for THREE reasons: 1) manual efforts to list large numbers of checks were eliminated, 2) accuracy and integrity of the deposits were improved, and 3) access to an electronic history of all deposited items was a tremendous benefit from a research standpoint. Put more simply, once a business began using RDC they were unlikely to give it up.

All of the benefits do not accrue to the customer, however. Banks can benefit through significantly reduced branch traffic, more accurate deposits, which are electronic in nature and require little handling, and include complete information allowing intelligent routing and immediate posting of on-us items.

Surprisingly, though, most banks have failed to to deploy RDC in a significant way. Customers embrace and rapidly adopt the technology when it is made available to them, but banks are generally failing to properly educate their employees and and promote the service to their customers who may benefit from it. RDC is an easy sell when employees are well trained regarding the benefits of the solution, and in how to anticipate and overcome potential objections.

An emerging threat to many bank's important business customer relationships are third parties who are selling RDC services directly to merchants, other commercial businesses, even churches. Using a sponsoring, clearing bank, these ISOs begin to take control of the customer relationship from the primary bank, by gaining the deposit business. Over time, the sponsoring clearing bank will no doubt attempt to take the deposit accounts away from those banks, as well. The quickest way to end this threat is to be sure that you are promoting a robust RDC offering to your business customers.

Trent Fleming (www.trentfleming.com, trent@trentfleming.com ) is a consultant who works with banks to address a variety of operational, technology, and regulatory issues. He has worked extensively with RDC systems, and is able to guide banks in successfully rolling out such programs to benefit the bank and its customers.

Please take a minute to answer our brief poll on compliance

Using Evaluation Alternatives for Real Estate Loans That Don’t Require an Appraisal

by Blair Rugh

Under the agencies real estate appraisal guidelines a complete appraisal prepared by a licensed or certified appraiser is not required for loans of $250,000 or less secured by 1- 4 family residential real estate. There is also an exemption for the renewal, modification or extension of certain real estate secured loans. In circumstances where a complete appraisal is not required banks have used what are referred to as evaluation alternatives, most prominent among them being Automated Valuation Models (“AVMs”).

In November, 2008 the agencies published proposed Interagency Appraisal and Evaluation Guidelines to replace the guidelines published in 1994. To date the proposed guidelines have not been finalized but I anticipate that they will be soon, fundamentally as written. One of the reasons that the proposed guidelines were promulgated was to provide guidance and standards for the use of AVMs. Appendix B to the proposed guidelines provides requirements for the use of AVMs as well as limited guidance on the use of Tax Assessment Valuations.

Many bankers misunderstood the thrust of the proposed guidance and believed it was a prohibition or discouragement on the use of AVMs until the guidance was finalized. That was not its purpose at all. The regulatory agencies recognized and approved the use of AVMs long before the proposed guidance was published. The purpose of the proposed guidance was not to approve the use of AVMs as that was already the agencies’ standard. The purpose of the proposed guidelines, and the final guidelines when they are published, is to provide a set of standards for using AVMs. Before the proposed guidance was published there were no standards or best practices for AVM use. Now there are. I recommend that banks using AVMs follow the standards set out in Appendix B to the proposed guidelines. Certainly do not use the fact that the final guidelines have not been published as a reason not to utilize AVMs.

Another excellent use of AVMs is in portfolio monitoring. For this purpose an AVM may be used for loans that exceed $250,000. Both the proposed and existing guidelines require that a bank have a program for monitoring and updating collateral valuations. AVMs are a useful tool for updating the value of residential real estate collateral, particularly for unseasoned loans that were made at higher loan to value ratios or loans that are experiencing payment delinquencies.

If a bank determines that it will utilize AVMs it should obtain from its provider information about its sources of data, the frequency it is updated and its modeling techniques. The bank should then establish standards for validation testing and monitoring. Also a bank using AVMs should establish standards for the types of property, location, condition and price range for which AVMs may be used.

AVMs can be a useful and relatively inexpensive tool in a bank’s real estate evaluation process. If a bank is not using AVMs it should investigate their usefulness and consider their use. TriNovus offers an excellent AVM resource called TriVALU. For information about TriVALU or to obtain a demonstration of the product go to TriNovus.com or call them at (205) 991-5636.

Ask Blair...Payment Order of Checks

Q. Blair, with all the talk about charges for overdrafts, what is your suggestion on the payment order of checks?


A. Relative to the payment order of checks, I have always recommended paying high to low. The regulations allow paying in any order that you wish and i think that high to low is reasonable. Many banks are now expanding that to all items if your automation system will accommodate it. That is you integrate all of your items and pay the largest first and so on regardless of whether the item is a check or an electronic item. One other thing, I recommend that you do not charge overdraft fees to the account until all items have been settled. For example, if I have $405 in my account and there are two items presented, one for $500 and one for $400. If you process the $500 item first and assess an overdraft fee then there are not enough funds remaining to process the $400 item because of the overdraft fee.

A Sneek Peek At Our Up Coming Webinar July 22

Here is just a brief glimpse of what will be covered in Blair Rugh's presentation on the The Ins and Outs of Bank Advertising Tuesday July 20 From 3-4 p.m. Central.


Register Now To Reserve Your Spot!

Now we get into the harder stuff. Let’s discuss Regulation DD and the advertisement ofdeposit products first. The general advertising rules of Regulation DD are in Section 230.8of the regulation. First they require that an advertisement not be inaccurate or deceptive, basically the same requirement as the FTC rule. Next they prohibit advertising an account as “free”, “no cost” or any similar term of any maintenance or activity fee may be charged to the account. A maintenance or activity fee is a charge that is imposed even though the customer did not violate any of the account terms or request any additional service. Examples are a minimum balance fee, a transaction fee or a monthly service charge. Charges imposed because a customer requested an additional service such as check printing fees, stop payment fees, a balance inquiry fee or fees for electronic access to the account such as an ATM fee or a fee for electronic banking are not maintenance or activity fees. Similarly fees charged for violating the terms of the account, such as an NSF or overdraft fee or a dormant account fee are not maintenance or activity fees. If a particular aspect of an account is free an advertisement may say so even though the account itself may not be advertised as free. For example if a bank offers free bill payment an advertisement could state that even though there were maintenance fees charged to the account. If an account is free for a limited period of time an advertisement may state that provided that the advertisement also states the time period for which the account is free. If an account is free based on a condition that has nothing to do with the account then an advertisement may state that. For example if you have a deposit account where you waive all fees for senior citizens you could advertise “Free for persons age 55 and older” even though you impose
fees on persons younger than that. The person’s age has nothing to do with the account. On the other hand if you waive fees if the customer maintains a certain balance you could not advertise the account as free if that balance is maintained. You could state that no fees would be imposed if the balance is maintained but you could not use the term “free”.

Cost is $95 for TriNovus Customers and $125 for non-customers.

Additional Change To Regulation DD For Overdrafts

To read more articles like this one, visit www.trinovus.com and sign up for our weekly Bank Regulatory Compliance Update

by Blair Rugh


On June 4, 2010 the Federal Reserve published an amendment to Regulation DD to clarify its 2009 amendment relative to the disclosure of overdraft fees on periodic statements and available balance disclosures at ATMs and to conform the Regulation DD requirements with the recent changes to Regulation E.



The first change relates to the disclosure of overdraft fees on periodic statements. The 2009 amendment to the regulation requires a bank to disclose on a periodic statement the overdraft fees imposed during the statement cycle and year-to-date and the same information for NSF fees. The change requires a bank to include in the overdraft fees not only the fee imposed for the overdraft item but also any other fees or charges imposed on the account because an item was paid into overdraft creating an overdrawn balance in the account such as a daily or other periodic fee charged because an account is in an overdraft status. For example assume that in addition to a $25 per item overdraft fee, a bank charges an additional fee of $5 each day that an account is overdrawn. On Monday I have $50 in my account, an item is presented for $100 and the bank pays it, creating a $50 overdraft balance. On Thursday I make a deposit which takes the account back to a positive balance. In addition to the $25 overdraft fee, the bank charges $5 for each of the three days my account was overdrawn. The reportable overdraft fees were therefore $40. As with the prior amendment a bank is not required to include in overdraft fees charges for a transfer from another deposit account or credit line established for overdraft protection.



Additionally the regulation requires that the nomenclature “Total Overdraft Fees” be used to describe the overdraft charges. No variation of that description is allowed.



Compliance with this part of the regulation is mandatory on and after October 1, 2010 therefore all periodic statements provided to covered customers on October first of this year and thereafter must be in conformity with the new rules. Because of the relatively short time frame I recommend that all banks check with the automation provider that generates the content of their periodic statements to assure that they will have the necessary system enhancements sufficiently in advance of the mandatory date to install and test them.



The second change in the new amendment relates to the disclosure of available balances at ATMS or through other automated systems. First it clarifies that the requirement to provide a single account balance does not apply to what the regulation refers to as “retail sweep programs” but which are more generally described in the industry as reserve reclassification accounts. Many banks, to reduce their reserve requirements establish an account that has a transaction sub account and a savings sub account. Transfers are made between the two accounts by the bank to the extent allowed by regulation D to minimize the balance in the transaction account. The customer receives one statement of the aggregate of the two accounts and the account transfers are transparent. Where a bank has that type account product it may show as the account balance the aggregate balance in the two sub accounts, not just the balance in the transaction account.



The amendment also clarifies the description that is required it a bank discloses a second balance after the actual account balance that includes other funds that are available whether through a linked account or a courtesy overdraft program. If the second balance contains funds available from linked accounts or from a courtesy overdraft program there must be a statement that the balance includes overdraft funds. If the bank has a courtesy overdraft program that is not available to a particular customer because the customer has opted-out or not opted-in or otherwise the balance should not include funds that might otherwise be available under that service. If the courtesy overdraft program is available to the customer for some but not all types of transactions then it may be included in the second balance but there must be a statement that the additional funds may not be available for all transactions or reference the types of transactions for which the funds are not available. The compliance date for this portion of the amendment is July 6, 2010.



The most significant part of the amendment is the new requirements for periodic statements. Banks have less than four months to assure that their statements are compliant with the new requirement. Bankers should receive assurances immediately from their automation providers that their systems will accommodate the new requirements.

Repurchase Agreement Accounts

Dear Blair:

Q. We currently have 10 accounts that are set up as repurchase agreement accounts. These accounts are tied to a non interest bearing checking account. Those accounts have the account agreement and the required disclosures. We have a separate repurchase agreement signed by the customer.

Our auditors are telling me that we need an account disclosure that goes with the repurchase agreement. Since the repurchase agreement is not FDIC covered and we have tied investments to the account for collateral purposes what kind of disclosure are we required?

A. I disagree with your auditors. The account of your customer that holds the purchased securities is not a deposit account and therefore does not require any of the disclosures that a deposit account requires. You have numerous disclosures in your repurchase agreement and you provide notifications every time there is a transaction in the repurchase account. That is all the disclosures that the account requires.

Blair Rugh is one of the preeminent experts on United States banking laws and regulations. He has authored compliance manuals recognized by the banking industry as the definitive treatise on banking law and regulation. He has extensive experience as a speaker to bankers' associations and has written numerous articles published in banking journals. For access to more of Blair's compliance expertise, sign up for TriNovus' weekly Bank Regulatory Compliance Update at www.trinovus.com.

You Ask, Blair Answers

Dear Blair:

Q. My bank is exempt from submitting credit card agreements to the Federal Reserve.

Under 226.58(e), we must provide the agreements for all open card accounts either on our website or promptly upon customer request. When we provide the agreements, do we need to provide the actual card agreement & account opening table (pricing information)?

Or, do we need to revise the account opening table to be consistent with 226.58(c)(8)(ii)? If we need to revise the account opening table to be consistent with 226.58(c)(8)(ii), would we need to make the following revisions?

1. Delete the reference to the Fed’s credit card website.
2. Delete the billing rights information.
3. If the rate is variable, remove the actual rate from the table & state the
index + margin (or range of margins).
4. If the rate is fixed, the only changes needed are 1. & 2.


A. You are correct in your analysis of the requirement. You first provide your agreement and the pricing information as an addendum to it. There is no provision for providing extraneous information such as the reference to the Fed's website or the billing rights information. As to the rate, you disclose both the rate and if it is a variable rate the margin and index on which it is calculated.


Blair Rugh is one of the preeminent experts on United States banking laws and regulations. He has authored compliance manuals recognized by the banking industry as the definitive treatise on banking law and regulation. He has extensive experience as a speaker to bankers' associations and has written numerous articles published in banking journals. For access to more of Blair's compliance expertise, sign up for TriNovus' weekly Bank Regulatory Compliance Update at www.trinovus.com.

TriNovus Forms Partnership with FI Compliance Solutions

Birmingham, Ala., May 18, 2010 – TriNovus, LLC (www.trinovus.com), a company focused on delivering relevant technology solutions to the financial marketplace, announced today a partnership with FI Compliance Solutions (www.ficsas.com ), creators of GRC Pro, a web-based service designed to help community banks and credit unions remain healthy, stable, and competitive by ensuring the proper controls are in place to reduce and mitigate enterprise-wide risk.

FI Compliance Solutions will be resellers of TriNovus’ TriComply product suite that consists of BankRISK, a loan portfolio stress testing solutions, StartSAFE, a solution for compliance with The Safe Act, and compliance webinars conducted by banking compliance expert Blair Rugh.

“GRC Pro offers institutions a simple and cost effective way to identify, measure, and monitor risk by combining the power of software with implementation assistance and independent 3rd party review,” said David Brasfield, CEO of TriNovus. “We feel it will be a good fit with our current customer base and target market,” he said.

“Now more than ever institutions are facing additional pressure from regulators requiring increased attention to compliance. TriNovus’ TriComply product suite meets several key areas that banks need to address,” said Eric Strohl, president of FI Compliance solutions.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. The TriNovus product suite currently consists of solutions addressing compliance, stress testing, vendor management and distressed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

About FI Compliance Solutions
FI Compliance Solutions, Inc. provides highly-focused corporate governance and risk management solutions specifically for financial institutions. Our team of seasoned professionals average more than 35 years of experience in internal audit, compliance, risk management and IT infrastructure security. Our solutions are designed to help clients implement a simple and sustainable risk management program at an affordable price point. For more information on FI Compliance Solutions contact Eric Strohl at 610.265.1002 ext. 100 or estrohl@ficsas.com.

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TriNovus to Expand Compliance Division with Addition of Industry Veteran

Blair Rugh Joins TriNovus to Contribute to the Direction of TriNovus’ TriComply Compliance Division


Birmingham, Ala., April 1, 2010 – TriNovus, LLC (www.trinovus.com), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the expansion of its TriComply compliance division with the addition of industry veteran and expert Blair Rugh to the organization. As part of the expansion, TriNovus will introduce a free email newsletter, TriComply - Bank Regulatory Compliance Update, that breaks down the most recent compliance changes and concisely outlines actions banks should take to respond to those changes in order to best comply with new and established guidelines Bankers interested in receiving the TriComply - Bank Regulatory Compliance Update can sign up on TriNovus’ website at www.trinovus.com.

In addition, TriNovus will be featuring a series of compliance training webinars targeted to community banks. The schedule for April features webinars on The Safe Act, Regulation O, portfolio stress testing, and vendor management. Many sessions feature a live question and answer period with Rugh where bankers have an opportunity to ask questions and receive answers specific to their institutions. A complete schedule and registration details can be found on the TriNovus website at www.trinovus.com.

Rugh is one of the preeminent experts on United States banking laws and regulations. He has authored compliance manuals recognized by the banking industry as the definitive treatise on banking law and regulation. He has extensive experience as a speaker to bankers' associations and has written numerous articles published in banking journals. With more than 20 years experience in commercial and investment banking, Rugh's background includes a Bachelor of Science degree in chemical engineering from the University of Kansas as well as a juris doctor degree from Southern Methodist University Law School.

“Compliance requirements are constantly changing and with what a community banker has to do on a daily basis, there isn’t always enough time to devote to really examining them,” said David Brasfield, president and CEO of TriNovus. “TriComply – Bank Regulatory Compliance Update provides the highlights of the requirements and suggests actions to take – all written in language that is easy to understand. This coupled with our webinars will minimize the time and effort it takes for community bankers to stay up-to-date with the latest in compliance.”

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. In addition to its compliance division also featuring BankRISK a loan portfolio stress testing solution and StartSAFE a solution for compliance with The Safe Act, products include:

BankerMLS (www.bankermls.com) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.

BankerVMS (www.bankervms.com) - 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.

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TriNovus Signs New BankRISK Client

TriNovus is excited to announce that Merchants Bank of Alabama has signed with TriNovus for BankRISK.

BankRISK is a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s loan portfolio. Stress testing enables a bank to project future portfolio strengths and weaknesses based on hypothetical conditions that are imposed on the institution’s loan data.

BankRisk will apprise Merchants Bank of Alabama of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.

Merchants Bank of Alabama is located in Cullman, AL and has approximately $245M in assets.

TriNovus Announces StartSAFE Solution For Bank Compliance With The SAFE Act

Birmingham, Ala., February 17, 2010 – TriNovus, LLC (www.trinovus.com), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of StartSAFE, a comprehensive solution to aid banks in meeting the compliance requirements of The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). StartSAFE will be a part of TriComply, TriNovus’ suite of products designed to provide community banks solutions to aid in compliance with new and ever-changing banking regulations.

The SAFE Act requires that all mortgage loan originators (“MLOs”) register in a national registry and provide the registry information about themselves. The regulation also places significant responsibility on banks that employ MLOs requiring among other things for them to establish procedures and tracking systems for monitoring registration and renewals and to develop educational programs for MLOs covering registration requirements.

StartSAFE addresses SAFE Act requirements by providing banks a turnkey solution consisting of SAFE Act training for MLOs; SAFE Act policy and procedure templates; and the web-based StartSAFE solution for automated submissions to the Nationwide Mortgage Licensing System and Registry, tracking of MLO initial submission data and updates, and secure archival and off-site storage of MLO data and NMLS submissions.

Also currently part of TriNovus’ TriComply product suite is BankRISK, its stress testing and risk management solution for assessing loan portfolio risk. Additional compliance solutions are currently in development.
“With compliance there is always something new that the banks need to do,” said David Brasfield president and CEO of TriNovus. “It is our goal that TriNovus’ TriComply product suite will offer solutions that enable community bankers to respond to new regulatory requirements as efficiently and cost effectively as possible. StartSAFE is one of many such products that we plan to introduce to the market.”

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

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TriNovus Announces Expansion of Vendor Management Product to Broader Market

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



TriNovus Announces Expansion of Vendor Management Product to Broader Market

Capitalizing of the success of its BankerVMS vendor management solution in the financial sector, TriNovus launches VendorVault for businesses and municipalities.


Birmingham, Ala., February 4, 2010 – TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, announced today the launch of VendorVault (www.myvendorvault.com), a vendor management system targeted to businesses, municipalities, and hospitals to assist with the management of long term vendor contracts. VendorVault is a spinoff of TriNovus’ BankerVMS application that financial institutions use to manage their vendors.

“We had inquiries from numerous non-banking organizations about our vendor management solution,” said David Brasfield, president and CEO of TriNovus. “After conducting research we found that that a vendor management solution of this kind was lacking in other industries and worked to create VendorVault to meet the needs of organizations outside the financial industry.”

VendorVault is a central data repository for vendor information and the business processes associated with them. It assists in managing vendors throughout the lifecycle of the relationship and can reduce costs, improve contract terms, and save time and effort. Key features of VendorVault include web-based tracking of contracts and documents viewable from any computer; the ability for management teams or government personnel to easily collaborate on documents and create reports on vendors; vendor cost analysis management and the ability to compare costs to what other organizations are paying; and email ticklers on contract renewal status. Additionally, VendorVault enables a business to keep an offsite backup of critical vendor contacts and contracts.

Vendor contracts and other pertinent information are centralized, organized and analyzed by the VendorVault system. Municipalities and business in industries that have numerous vendor relationships and long term contracts will realize the most results from utilizing VendorVault.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. In addition to VendorVault, its products targeted to the financial industry include: BankRisk – a comprehensive stress test and risk management solution; BankerMLS (www.bankermls.com) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets; BankerVMS (www.bankervms.com) - a vendor relationship management system.

For more information on VendorVault visit www.myvendorvault.com. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

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