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 StudyMember’s Choice Credit UnionHeadquarters: Houston, TX Assets: $708M Core Banking System: Jack Henry – Symitar Episys “We had the efficiency gain immediately. Verafin does the thinking for us,... |
Feature SheetOnline Banking Fraud DetectionInstitutions need to be on guard for fraudsters targeting online channels to access customer accounts to perpetrate unauthorized transfers. Verafin’s enhanced cloud platform and powerful... |
Feature SheetBSA/AML Compliance & ManagementFinancial institutions are facing significant challenges in keeping pace with the growing complexities of financial crime. As financial crimes grow more sophisticated and regulatory requirements... |
Feature SheetCommon Point of Purchase and Cross-Institutional DetectionCriminals are preying on ATMs, gas station pumps and more to steal card information with skimmers and keypad surveillance devices. Losses can be substantial as... |
Feature SheetCase ManagementImproving the effectiveness of investigations is critical to successfully understanding and preventing financial crime. Verafin includes a fully-integrated Case Management functionality, which lets you create... |
Feature SheetWatch List ScanningFederal law requires financial institutions to scan customers and transactions against watch lists to identify entities that may be involved in possible money laundering or... |
Feature SheetSuspicious Activity ReportingSuspicious Activity Reports (SARs) are a necessary part of compliance programs for all financial institutions; however, the tasks associated with regulatory reporting are often tedious... |
Feature SheetCurrency Transaction ReportingVerafin scans all transactions in your core system to fully automate your Currency Transaction Report creation and submission process. The latest FinCEN report is autocompleted with all... |
Feature SheetDebit Card FraudAs more consumers use debit cards as a preferred payment method, both personal and card data are reaching unprecedented heights of vulnerability. Verafin’s advanced debit card fraud... |
