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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
6 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
8 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
9 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
11 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
11 hours ago