Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that New York Community Bank, the primary subsidiary of New York Community Bancorp, Inc., has selected Metavante Risk and Compliance Solutions to automate its regulatory methodologies. Metavante will provide New York Community Bank with several components of compliance software from its Prime Associates unit that include: BSA Reporter, EDD Reporter, OFAC Reporter, Legal Reporter and the Prime Compliance Databank. New York Community Bank will use these tools in its ongoing efforts to comply with U.S. and international regulatory compliance requirements. Metavante Risk and Compliance Solutions provide an integrated suite of Bank Secrecy Act, USA PATRIOT Act, and OFAC compliance software products that enable financial services institutions to filter and review their customers' transactions for sanctioned party violations. It facilitates suspicious activity detection and automatically files the necessary regulatory reports with the appropriate regulatory agencies (such as FinCEN). In addition, it helps financial institutions comply with the USA PATRIOT Act through customer identity verification and record keeping, a review module that compares customer records with known or suspected terrorist lists, and risk-based modeling of customers. BSA Reporter provides Bank Secrecy Act compliant anti-money laundering (AML) functions and EDD Reporter delivers Enhanced Due Diligence (EDD) for "Know Your Customer" and customer identification program compliance functions. OFAC Reporter offers heightened awareness of politically exposed persons and financial fraudsters on a global basis and helps meet mandates set by global sanctioning bodies, such as the U.S. Treasury Office of Foreign Assets Control. Legal Reporter equips financial institutions with automated subpoena and FinCEN 314a management, including research and reporting capabilities. The Prime Compliance Databank provides critical regulatory, legal, and reputational due diligence data for the compliance software suite. It creates global sanctioned party data as well as non-sanctioned party data from multiple countries around the world. Prime's data lists are designed to greatly enhance sanctions filtering efforts and integrate seamlessly with Prime's applications. They can be used with other products as well. "New York Community Bank's proactive approach to regulatory best practice is synergistic with the market-leading solutions offered by Prime. The relationship will offer a best-in-class solution to a difficult challenge," said Salvatore Cangialosi, president, Prime Associates, Inc. Metavante's Risk and Compliance Management solutions allow clients to identify seen and unforeseen risks and develop successful, sustainable, compliance programs tailored to their needs. Through a proven methodology, which includes enabling technology and industry expertise, Metavante enables clients to reduce their risk management burden and grow their business. About New York Community Bancorp, Inc. The leading producer of multi-family loans portfolio in New York City, New York Community Bancorp, Inc. is the holding company for New York Community Bank and New York Commercial Bank. A New York State-chartered savings bank with 137 offices serving customers in New York City, Long Island, Westchester County, and northern New Jersey, New York Community Bank is the third largest thrift depository in the State of New York, and operates through seven local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, CFS Bank, First Savings Bank of New Jersey, and Ironbound Bank. New York Commercial Bank is a New York State-chartered commercial bank with 29 offices serving businesses and consumers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County, and is the 17th largest commercial bank in the State of New York. Additional information about New York Community Bancorp, Inc. and its bank subsidiaries is available at www.myNYCB.com. About Metavante Metavante Corporation delivers banking and payments technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). Metavante is a registered trademark of Metavante Corporation.
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