2017 Crime Trends & Technology

Originally Presented: July 12, 2017

  Verafin industry experts: Brendan Brothers, Anti-Financial Crimes Specialist; and Mauriceo Castanheiro, Director of Fraud Analytics; discuss the challenges financial institutions faced to date in... 

Adopting an Intelligent Approach

Industrial Bank  •  Headquarters: Washington, DC Assets: $592M  •  Core Banking System: Fiserv Premier   “Rather than trying to put the pieces of the puzzle... 

Breaking Down Walls

BankNewport  •  Headquarters: Middletown, RI Assets: $2.2B  •  Core Banking System: Fiserv DNA   “We can now see the trends going through the accounts. Now we... 

Building a Better Picture of Customer Activity with FRAMLx and FRAMLxchange

Ion Bank  •  Headquarters: Naugatuck, CT Assets: $1.8B  •  Core Banking System: Fiserv DNA   “There was a FRAMLx alert that indicated the person was up... 

An Easy Decision: First National Bank of Granbury on Choosing Verafin

First National Bank of Granbury  •  Headquarters: Granbury, TX Assets: $833M  •  Core Banking System: FIS Horizon   “It also strengthens OFAC compliance in this same... 

Like Comparing Apples to Oranges: RiverLand FCU is Rescued by Verafin

RiverLand FCU  •  Headquarters: New Orleans, LA Assets: $296M  •  Core Banking System: Jack Henry   “Verafin gave us a real-time solution: a lot of different... 

Time for a Change: Making the Switch from AML Manager to Verafin

Fairfield County Bank  •  Headquarters: Ridgefield, CT Assets: $1.9B  •  Core Banking System: Fiserv – DNA   “Because Verafin groups people and businesses together we see... 

Verafin 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,... 

Suspicious Activity Reporting

Suspicious Activity Reports (SARs) are a necessary part of compliance programs for all financial institutions; however, the tasks associated with regulatory reporting are often tedious...