South State Bank • Headquarters: Columbia, SC • Assets: $15.4B
“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.