ST. JOHN'S, Newfoundland--(EON: Enhanced Online News)--Verafin Inc., a leading provider of compliance, anti-money laundering (AML) and fraud detection software, today announced it has 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 some 750 banks and credit unions in the U.S. and Canada. Scheduled to open December 5th, the role of the Birmingham office will be to better service customers located in the South, Midwest and Western states with training, technical support, sales and services.
“It is exciting to now have an office in Birmingham, from where we can continue to work one-on-one with our customers to ensure they experience absolutely everything that Verafin has to offer.”
“Verafin’s continued dedication to offering the best customer service in the industry has been one of the cornerstones of our strong growth,” says Andrew King, VP of Customer Relations. “It is exciting to now have an office in Birmingham, from where we can continue to work one-on-one with our customers to ensure they experience absolutely everything that Verafin has to offer.”
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.
In order to make this a seamless process, solid integration with financial institutions’ core banking systems is essential. Today, Verafin integrates successfully with 65 core banking systems. The company most recently 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.
Verafin is a North American leader in anti-money laundering and fraud detection solutions for financial institutions, with nearly 750 customers that span more than 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 BSA/AML and fraud detection 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 www.verafin.com, email us at FRAML@verafin.com or call 1-866-781-8433.
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