Case Study

Making the Switch: Verafin Rescues First United Bank and Trust from their Adaptive Intelligence BSA/AML Compliance Vendor

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First United Bank and Trust  •  Headquarters: Oakland, MD
Assets: $1.7B  •  Core Banking System: FIS IBS


“The analytic piece of Verafin is phenomenal. There’s so much that we don’t have to do, it just does it on its own, and that is just fantastic, and the things we can change are just easy to change.”

Chelsea Doyle, AML Officer
First United Bank and Trust

First United Bank and Trust (First United) was using a different, people driven solution for a few years when they realized they were quickly outgrowing the system. They needed a solution that combined fraud detection with anti-money laundering. Since making the switch, AML Officer Chelsea Doyle and her colleagues have reaped the benefits of Verafin’s behavior-based software that has allowed them to consolidate multiple tools, reduce false positives, and improve efficiency.

Tagged as...

  •   ACH Fraud
  •   BSA/AML Compliance
  •   Check Fraud
  •   FRAML
  •   Fraud
  •   Structuring

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