United Community Bank • Location: Blairsville, GA
Assets: $15B • 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 ($15B)
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.