All Press Releases

  Press Release

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... 

  Press Release

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... 

  Press Release

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... 

  Press Release

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)... 

  Press Release

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... 

  Press Release

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... 

  Press Release

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... 

  Press Release

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,... 

  Press Release

Verafin announces 2016 FRAMLx Tour: fraud detection and AML regional seminars

December 7, 2015

Verafin Inc. has announced 2016 dates, guest speakers and locations across the United States for their highly successful FRAMLx Tour. Last year, more than 3000 industry professionals registered for Verafin’s fraud detection and anti-money laundering regional seminars to learn about... 

  Press Release

Verafin among Canada’s Top 100 Employers Three Years in a Row

November 23, 2015

For the third year in a row, Verafin Inc., North America’s leading cloud-based Fraud Detection and Anti-Money Laundering (FRAMLx) collaboration software provider, announced that it has been included on the list of Canada’s Top 100 Employers for 2016. This prestigious...