Case Study

United Community Bank prepares for tomorrow and prevents more than $1M in fraud losses, today.

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United Community Bank • Location: Blairsville, GA
Assets: $12.5B • Core Banking System: Fiserv – Premier

“In less than two months there’s been a clear return on our investment — that’s a significant achievement. With all our efforts, the bank has already tracked a reduction in overall fraud from 2019 versus 2018. Verafin is a large contributing factor to that success, and we expect our fraud numbers to continue to go down.”

Greg Snell, Director of Operational Risk, United Community Bank ($12.5B)

United Community Bank wanted a financial crime solution that would align with their vision for the future. Greg and the team chose Verafin’s consolidated Financial Crime Management platform — and within weeks of going live, they began realizing a tremendous return on their investment.

In this case study, you will read how within four weeks, Verafin helped United Community Bank detect and prevent $335K of fraud loss, and that savings continued to grow—before the end of week seven, United had surpassed $1M in fraud prevention.

Tagged as...

  •   Account Takeover
  •   BSA/AML Compliance
  •   Case Management
  •   Fraud
  •   Fraud Management
  •   Fraud Scams
  •   SARs