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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Thursday, April 1, 2010
Wednesday, February 24, 2010
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.
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.
Thursday, February 18, 2010
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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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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Thursday, February 4, 2010
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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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.
###
Tuesday, December 1, 2009
TriNovus Launches Stress Testing Solution For Community Financial Institutions
PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://www.trinovus.com/), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of BankRisk, a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to the federal banking regulators’ concerns about community banks’ increased participation in commercial real-estate lending. 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. It quantifies the effect of adverse economic conditions and identifies problem areas for the bank in advance.
“BankRisk from TriNovus is a robust stress testing and risk management tool that every financial institution should implement,” said Dr. Tim Yeager, an associate finance professor at the University of Arkansas and the Arkansas Bankers Association Chair. Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose research lead him to develop a model for stress testing, consulted with TriNovus on the development of BankRisk.
Along with predicting the effect of potential adverse economic conditions on the loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to provide an in-depth quarterly analysis of the health of the loan portfolio under various economic conditions. The graphical reports are easy to interpret and provide the board and senior management team with the tools that they need to make the best decisions for the bank going forward,” Brasfield said.
Additional benefits of BankRisk include the ability to detect areas of high-risk loan concentrations and reduce exposure, make better-informed lending and refinancing decisions, and prepare more effectively for regulatory scrutiny.
“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can help to offset the uncertainty of the future by providing the data needed to be best prepared.”
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 BankRisk, its products include:
BankerMLS (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://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 http://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
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://www.trinovus.com/), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of BankRisk, a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to the federal banking regulators’ concerns about community banks’ increased participation in commercial real-estate lending. 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. It quantifies the effect of adverse economic conditions and identifies problem areas for the bank in advance.
“BankRisk from TriNovus is a robust stress testing and risk management tool that every financial institution should implement,” said Dr. Tim Yeager, an associate finance professor at the University of Arkansas and the Arkansas Bankers Association Chair. Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose research lead him to develop a model for stress testing, consulted with TriNovus on the development of BankRisk.
Along with predicting the effect of potential adverse economic conditions on the loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to provide an in-depth quarterly analysis of the health of the loan portfolio under various economic conditions. The graphical reports are easy to interpret and provide the board and senior management team with the tools that they need to make the best decisions for the bank going forward,” Brasfield said.
Additional benefits of BankRisk include the ability to detect areas of high-risk loan concentrations and reduce exposure, make better-informed lending and refinancing decisions, and prepare more effectively for regulatory scrutiny.
“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can help to offset the uncertainty of the future by providing the data needed to be best prepared.”
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 BankRisk, its products include:
BankerMLS (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://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 http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
###
Wednesday, October 21, 2009
David Brasfield of TriNovus presentation on Social Media
TriNovus CEO David Brasfield will be speaking at a seminar on Monday, October 26, 2009. David will discuss how TriNovus has utilized social media for public relations, marketing materials, business development and turning leads into customers. For more information and to sign up to attend, please click here:
http://www.corsini.com/Events/02-Social_Media/index.html
http://www.corsini.com/Events/02-Social_Media/index.html
Wednesday, October 7, 2009
TriNovus presents at Saltmarsh Seminar
TriNovus' David Brasfield will be speaking on October 8th 2009 at a seminar sponsored by Saltmarsh, Cleaveland and Gund, CPAs and Consultants. David's speech will focus on trends in the financial services industry including issues surrounding vendor management.
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