Case Study

Expanding the benefits of FRAML with FRAMLx collaboration

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South State Bank  •  Headquarters: Columbia, SC  •  Assets: $16.6B

“Now that we’re able to see the whole picture there’s no wasted information on there. What we’re giving to them is a much better story — because that’s what the narrative really is — and we know what we’re reporting is valuable. It’s solid information that helps law enforcement piece the puzzle together.”

Rebecca Robertson, Senior VP – Director of AML Compliance
South State Bank

Efficiency gains. Improved customer due diligence. A stronger documentation trail. More robust regulatory reporting. These are just some of the benefits that the team of BSA/AML analysts at South State Bank is gaining with Verafin’s FRAMLx cross-institutional collaboration tools.

Tagged as...

  •   314(b) Information Sharing
  •   BSA/AML Compliance
  •   Cross-Institutional AML Analysis
  •   FRAML
  •   FRAMLx
  •   Law Enforcement
  •   Money Laundering
  •   SARs