BlogPreventing thousands of dollars in fraud loss through early detectionNovember 21, 2016 by Verafin The ability to detect deposit fraud early and take decisive action is more important for financial institutions (FIs) than ever before. In its biennial 2015 Deposit Account Fraud Survey, conducted with commercial and savings banks, the American Bankers Association (ABA)... |
Case StudyImproved Fraud DetectionNeighbors Federal Credit Union • Headquarters: Baton Rouge, LA Assets: $1.2B • Core Banking System: Fiserv DNA “Knowing Verafin is behind me and looking... |
Case StudyAn Easy Decision: First National Bank of Granbury on Choosing VerafinFirst National Bank of Granbury • Headquarters: Granbury, TX Assets: $833M • Core Banking System: FIS Horizon “It also strengthens OFAC compliance in this same... |
Case StudyMaking the Switch: Verafin Rescues First United Bank and Trust from their Adaptive Intelligence BSA/AML Compliance VendorFirst United Bank and Trust • Headquarters: Oakland, MD Assets: $1.7B • Core Banking System: FIS IBS “The analytic piece of Verafin is phenomenal. There’s... |
Case StudyA More Efficient ProcessPrime Trust Federal Credit Union • Headquarters: Muncie, IN Assets: $210M • Core Banking System: Jack Henry – Symitar Episys “The training we received was... |
Case StudyVerafin helps the dedicated FIU team at Capitol Federal® Savings Bank prevent more than $350,000 in check kiting losses with early detection.Capitol Federal® Savings Bank • Headquarters: Topeka, KS Assets: $9.6B • Core Banking System: FIS MISER “We’ve been able to detect more suspicious activity,... |
BlogFinancial Fraud Charges in ISIS-Related Arrests in the USFebruary 8, 2016 by Denise Hutchings Yesterday the House Homeland Security Committee reported that law enforcement authorities have arrested 81 individuals in ISIS-related cases in the United States since 2014 – 62 in 2015 alone. The cases include individuals plotting attacks; attempting to travel to join... |
