Wedbush Bank has selected TriNovus to provide its vendor management services through the use of the company’s BankerVMS product.
TriNovus’ BankerVMS is expected to enable Wedbush Bank to manage its vendors throughout relationship lifecycles which will help it to reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.
Radhika Dholakia, chief banking officer of Wedbush Bank, said: “Wedbush Bank is very committed to meeting regulatory requirements as per FFIEC guidance. When management evaluated BankerVMS, the compliance piece was a huge factor in our decision to implement the product. The strength and breadth of the BankerVMS solution will help each TriNovus client easily control and monitor vendor risk.”
Headquartered in Los Angeles, Wedbush Bank is an entrepreneur and business bank offering a suite of financial solutions tailored to corporate customers, executives and professionals.
Birmingham, Alabama-based TriNovus delivers technology solutions to the marketplace.
