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Preferred Service Provider & Select Member
570 Newfoundland Drive
St. John'sNL  A1A 5B1
CANADA
Phone: (866) 781-8433
Fax: (709) 368-3559
ICBA Member: 8 years
Preferred Service Provider Select Member
Main Contact
Mr. Paul Gauci
Marketing
709-693-8414

About Us

Verafin is a leader in cloud-based, cross-institutional Fraud Detection and Anti-Money Laundering (FRAMLx) collaboration software with a customer base of over 1300 financial institutions across North America.  Verafin is the exclusive provider of fraud detection and BSA/AML software for the California Bankers Association, Florida Bankers Association, Illinois Bankers Association, Massachusetts Bankers Association, and has industry endorsements in 44 states across the U.S.

 

Program Features

Verafin uses advanced cross institution behavior-based analytics that help financial institutions stay a step ahead of numerous types of fraud, as well as the BSA, USA PATRIOT Act, and FACTA compliance landscape, while allowing them to collaborate cross institutionally.

 

The all-in-one software platform for:

  • Transaction Monitoring, Behavior Based Alerts, Customer Risk Scoring, Case Management, Customer Due Diligence, Electronic CTR/SAR Filing, Watch List Checking, Vendor Management, 314(b) Information Sharing

Investigate / Detect / Report:

  • Debit Card Fraud, Common Point of Compromise, Online Banking Fraud, Check Fraud, Identity Theft, New Account Fraud, Internal Fraud, Money Laundering

 

ICBA Member Advantages

  • 10% off the Verafin annual subscription fee (based on asset-size)