Case StudyVerafin’s innovative fraud detection analytics help a California-based FI prevent over $55,000 in potential fraud loss.A California FI • Headquarters: California Assets: $17.5B+ • Core Banking System: Fiserv DataSafe “We’re stopping fraud a lot quicker, catching things that, before, might... |
Case StudyReducing Debit Card Fraud LossesFirst National Bank in Olney • Headquarters: Olney, IL Assets: $418M • Core Banking System: Jack Henry – CIF 20/20 “Everyone was very helpful.... |
Case StudyAdopting an Intelligent ApproachIndustrial Bank • Headquarters: Washington, DC Assets: $592M • Core Banking System: Fiserv Premier “Rather than trying to put the pieces of the puzzle... |
Case StudyCatching the UnseenMerck Sharp & Dohme • Headquarters: Chalfont, PA Assets: $789M • Core Banking System: Fiserv DNA “I can now see what is going on in... |
Case StudyThe Needham Bank StoryNeedham Bank • Headquarters: Needham, MA Assets: $2.8B • Core Banking System: Fiserv DNA “There is really no comparison [between Verafin and our former vendor] in... |
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 StudyBreaking Down WallsBankNewport • Headquarters: Middletown, RI Assets: $2.2B • Core Banking System: Fiserv DNA “We can now see the trends going through the accounts. Now we... |
Case StudyStepping up to the Next LevelThomaston Savings Bank • Headquarters: Thomaston, CT Assets: $1.5B • Core Banking System: Fiserv DNA “Prior to using Verafin we had AML and fraud separated…... |
Case StudyBringing it all TogetherTropical Financial Credit Union • Headquarters: Pembroke Pines, FL Assets: $939M • Core Banking System: Fiserv Spectrum “When your compliance processes are manual you... |
Feature SheetCustomer & Enhanced Due Diligence (CDD & EDD)Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are the cornerstones of effective customer risk management. Verafin’s configurable Customer Due Diligence (CDD) questionnaire enables... |
