Case Study

An Easy Decision: First National Bank of Granbury on Choosing Verafin

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First National Bank of Granbury  •  Headquarters: Granbury, TX
Assets: $620M  •  Core Banking System: Fidelity Horizon

 

“It also strengthens OFAC compliance in this same area, and has saved money…Our overall BSA/AML program is much more efficient and thorough with the same number of employees.”

Greg Warren, VP Compliance and Risk Management
First National Bank of Granbury

Before Verafin, Greg Warren at First National Bank of Granbury, was using a manual system for the bank’s BSA/AML compliance and fraud detection needs. When the local market changed and risk increased, he decided it was time to explore automation, and the regulators agreed. When Greg saw Verafin and what it could do for the bank, he didn’t bother to look at the competition. Learn how Verafin has helped this bank let go of archaic processes, enhance their AML program, and prevent a $15,000 check fraud.

Tagged as...

  •   ACH Fraud
  •   BSA/AML Compliance
  •   Check Fraud
  •   Elder Financial Abuse
  •   Fraud
  •   Fraud Scams
  •   OFAC/Watch List
  •   SARs