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Verafin passes 600th customer milestone
ST. JOHN’S, Newfoundland (1/18/11)--Verafin, Inc., a Canadian provider of compliance, anti-money laundering (AML) and fraud detection software, has surpassed 600 customers in North America. Through 2010, Verafin, a CUNA Strategic Services provider, had more than 630 bank and credit union customers, marking the strongest quarter in the company’s history with a triple digit year-over-year customer growth. “When you consider that we signed our 500th customer in May 2010, this continuing growth proves that financial institutions see the value in bringing together fraud and AML [FRAML] processes,” said Jamie King, co-founder and CEO of Verafin. “As we rapidly deploy to more banks and credit unions, with a single fraud and AML solution that drives higher customer satisfaction and increased efficiency, the industry is recognizing how a combined solution lowers the risk of financial and reputational loss.”
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