Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Verafin expands operations
ST. JOHN'S, Newfoundland (12/2/11)--Verafin Inc., a provider of compliance, anti-money laundering (AML) and fraud-detection software, will open a new corporate office in Birmingham, Ala., on Monday.

Verfin is a CUNA Strategic Services provider.

The role of the Birmingham office will be to better serve customers in the South, Midwest and Western states with training, technical support, sales and services, Verafin said.

Verafin's FRAML solution uses artificial intelligence and behavior pattern-based recognition to detect suspicious activity. Bringing fraud detection and AML (FRAML) processes together alerts compliance officers of suspicious behavior and anomalies while improving investigations and satisfying compliance with Bank Secrecy Act and anti-money laundering regulations, the company said.

The company announced a formal partnership with Open Solutions Inc. to bring its FRAML solution to customers of Open Solutions' on-demand and on-premise core banking systems.
Other Resources

RSS print
News Now LiveWire
.@CUNA's @HampelBill takes #IceBucketChallenge See #Newsnow for who he challenged http://t.co/RiejgSjywL http://t.co/joaI4qd1Tq
33 minutes ago
#creditunions must look outside narrow window of products for revenue growth: Filene #NewsNow http://t.co/14HPutjBFy
41 minutes ago
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
16 hours ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
17 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
18 hours ago