Verafin and IBT Apps® have entered an endorsed partnership, uniting the industry’s leading Financial Crime Management solutions with an empowering core partner to community banks nationwide. Verafin’s cloud-based software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management, and Information Sharing will integrate with IBT Apps® adaptable i2Suite® banking system that enables your bank to streamline operations, control costs, and mitigate risks.
3500 banks and credit unions use Verafin to stay a step ahead of financial crime and comply with regulations. This strategic agreement brings Verafin’s approach, including big data intelligence, visual storytelling and collaborative investigations, together with IBT Apps® offering of end-to-end core and digital banking solutions that meet the demands of today’s banking customers.
“With cyber threats always evolving, we were looking for a solution that continued to build onto our robust layered defense,” says Mark Dittman, Chief Executive Officer at IBT Apps. “By using AI to look at patterns of activity at the institutions they serve, Verafin’s cloud-based solution provides a much clearer picture of threats, a significant reduction in false positives, and improves the experience for all. Our partnership with Verafin will enhance our i2Suite platform and continue to provide our clients with the solutions they need to protect their banks, and their customers in this cyberworld,” says Dittman.
About Verafin
Verafin is the industry leader in enterprise Financial Crime Management, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Verafin has industry endorsements in 48 states, including the TBA, WBA, and CUNA Strategic Services. Visit www.verafin.com, email info@verafin.com or call 866.781.8433.
About IBT Apps®
IBT Apps® is an empowering core partner to community banks nationwide, offering end-to-end core and digital banking solutions that meet the demands of today’s banking customers. Their adaptable i2Suite® banking system is equipped with a comprehensive suite of products that streamline operations, control costs, and mitigate risk. Learn what it feels like to transform your bank using one total solution, while promoting revenue growth and improving your customer’s experience. To learn more about IBT Apps and how they can help your bank, visit them at www.ibtapps.com or call 512-616-1188.
