Case Study

Embracing innovation — using Verafin to prevent nearly $50K in monthly losses

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A New York FI  •  Headquarters: New York
Assets: $2B+  •  Core Banking System: Fiserv DNA


“Our fraud cases in Verafin are probably saving us anywhere
from $20,000 to upwards of $50,000 per month.”

Today’s consumer expects speed and convenience. As institutions offer new products to meet these demands, it becomes an increasing challenge for fraud investigators and BSA/AML professionals to quickly detect and prevent criminal activity. The team at this New York-based financial institution is successfully navigating these challenges with the help of Verafin.

Tagged as...

  •   314(b) Information Sharing
  •   FRAMLx
  •   Fraud

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