Verafin Inc., a leading provider of compliance, fraud detection and anti-money laundering (AML) software, today announced it received three awards from the St. John’s Board of Trade, presented at the association’
St. John’s, NL (Canada), Monday - December 26, 2011 -- Verafin Inc. ( http://www.verafin.com ), a leading provider of compliance, fraud detection and anti-money laundering (AML) software, today announced it received three awards from the St. John’s Board of Trade, presented at the association’
The awards honored the company in three categories for "Innovation,"
Brian Whiteway, Verafin chief financial officer, was on hand to collect the awards.
"We’re extremely pleased and humbled to be recognized by the local business community," said Whiteway. "It’s really a testament to the hard work and the efforts of the 118 people both here in Canada and our office in Alabama. We certainly wouldn’t be the company we are without them."
Most recently, Verafin ( http://www.verafin.com ) announced it expanded operations by opening a new corporate office in Birmingham, Alabama, signaling the company’s continued growth and customer success driven by its industry-leading, FRAML™ solution for nearly 800 banks and credit unions in the U.S. and Canada.
Verafin’s FRAML™ solution utilizes artificial intelligence and behavior pattern-based recognition to detect suspicious activity. Bringing fraud detection and AML (FRAML™) processes together effectively alerts compliance officers and fraud professionals of suspicious behavior and anomalies while improving investigations and satisfying compliance with BSA/AML regulations.
Verafin is a North American leader in fraud detection and anti-money laundering solutions for financial institutions, with nearly 800 customers that span 65 core processing systems and a broad asset range. Verafin helps financial institutions comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, while also helping to protect against fraud. Verafin is the exclusive provider of fraud detection and BSA/AML software for the California Bankers Association, Massachusetts Bankers Association, CUNA Strategic Services and 40 credit union leagues and associations in the United States. For more information, visit http://www.verafin.com , email us at FRAML@verafin.com or call 1-866-781-8433.
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