Southern First Bank • Location: Greenville, SC • Assets: $4B
Core Banking System: FIS – Horizon
Check fraud is on the rise — but Southern First Bank is staying ahead of those who would steal from their customers. View our case study and see how this community-focused institution used Nasdaq Verafin’s advanced fraud detection to stop $53,000 in fraudulent checks, all while improving efficiency and reducing false positives.
“We push hard on preventing check fraud. We can’t afford to let any of these bad checks sneak through, so we diligently review every alert we get. With Nasdaq Verafin, we feel comfortable our solution is alerting us to the right events, even though we’re getting fewer alerts. That wasn’t the case before.”
– Carl Francois, Executive Director & SVP for BSA, Fraud, and Compliance
Download our case study to learn how we worked with Southern First to:
- Prevent eight check frauds in one quarter.
- Detect a range of counterfeit and altered checks.
- Identify behavioral insights to pinpoint suspicious activity.
- Reduce the volume of false positive check reviews.
Don’t miss this opportunity to see how your institution can fight fraud with greater precision and less effort using Nasdaq Verafin’s Check Fraud solution!
