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Verafin Completes C$515 Million Equity and Debt Recapitalization; Continues Partnership with Spectrum Equity and Information Venture Partners

September 25, 2019

(St. John’s, Newfoundland) – Verafin, the world’s largest financial crime management software company, announced today the completion of a C$515 million equity and debt recapitalization. Verafin has enjoyed tremendous growth in recent years, and its long-term vision of fighting financial... 

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Over 200 additional banks and credit unions choose Verafin to meet their financial crime fighting needs

February 12, 2019

Big Data Intelligence, Visual Storytelling and Collaborative Investigations fuel rapid growth and continued success for Verafin’s financial crime fighting platform.   In 2018, Verafin solidified its position as North America’s leading financial crime management platform. Offering BSA/AML compliance, fraud prevention... 

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United Bank chooses Verafin

January 7, 2019

United Bank, one of the most successful regional financial services companies in the USA, has chosen to implement Verafin, the industry’s leading, cloud-based BSA/AML and fraud detection (FRAMLx) software. With a vision toward continued future growth and a dedication to... 

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TBA Endorses Verafin’s FRAML and FRAMLx Solutions

May 1, 2017

The Texas Bankers Association (TBA) and its subsidiary, TBA Services Company, Inc. (TBASCO), announce the endorsement of Verafin’s Bank Secrecy Act / anti-money laundering and fraud detection solutions FRAML and FRAMLx. Verafin’s FRAML software provides a consolidated approach to fraud... 

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Verafin Chosen by First Interstate Bank to Help Prevent Financial Crime

April 4, 2017

Verafin, an industry-leader in cloud-based fraud detection and anti-money laundering software (FRAMLx), announced it was recently chosen by First Interstate Bank (MT) to help the bank proactively fight financial crime. First Interstate Bank, a $9.1 billion community banking organization, currently... 

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Over 1500 financial institutions now utilizing Verafin’s innovative FRAMLx solution

February 23, 2017

Verafin, North America’s leading cross-institutional BSA/AML and fraud detection solution provider, continues to shape and enhance the future of the fight against financial crime. In its Fall 2016 Semiannual Risk Prospective the Office of the Comptroller of the Currency (OCC)... 

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Within weeks of release Verafin’s innovative account fraud detection analytics help Logix FCU prevent thousands of dollars in fraud losses

October 26, 2016

St. John’s, Newfoundland – Verafin, an industry-leader in cloud-based fraud detection and anti-money laundering software (FRAMLx), announced a significant step forward in the development of next generation analytics that are helping financial institutions (FIs) detect and prevent account fraud. Verafin... 

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Verafin announces 2016 FRAMLxpo Conferences with Guest Speakers Chris Swecker and Juan Llanos

October 3, 2016

St. John’s, Newfoundland – Starting October 4th, Verafin begins its 2016 FRAMLxpo, a series of four free regional fraud detection and anti-money laundering (AML) conferences for financial crime investigators, with stops in Texas, California, Connecticut, and Illinois. Each stop includes... 

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Banks and Credit Unions Increase Usage of FRAMLx Cross-Institutional Collaboration to Stop Financial Crime

May 10, 2016

In the past 4 months, membership in FRAMLxchange, Verafin’s Secure 314(b) Collaboration Network, experienced 51% growth. Financial institutions from coast-to-coast are facing an age-old problem with a new twist — the modern criminal — whose attacks are more organized and... 

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Verafin’s New Tax Fraud Analytic Helps Banks and Credit Unions Detect Fraudulent Refunds — Filing Deadline Just Weeks Away

April 7, 2016

With the tax season in full swing, fraudsters will attempt to exploit the personal information of U.S. taxpayers to pocket millions of dollars in fraudulent tax refunds — illicit funds they will look to move through the financial system. Today,...