a leading provider of fraud detection and anti-money laundering (FRAML™)
software, today announced another year of growth with a nearly 50%
increase in bookings and revenue versus 2011.
"We have made a significant investment to create the ultimate customer
experience in our Software-as-a-Service [SaaS] environment," says Jamie
King, Verafin's CEO. "Our strong new customer growth and high customer
retention rate give a powerful indication that financial institutions
believe in the value that Verafin provides."
During 2012, Verafin's momentum continued as the company wrapped up
another year of notable achievements, including:
Offering a FRAML software solution that analyzes customer activity and
data for anomalous activity across transaction channels, Verafin enables
fraud detection and BSA/AML compliance professionals to quickly and
effectively respond to suspicious activity. Powerful and easy-to-use,
the FRAML software is a complete package, from alert generation to case
management and automated electronic regulatory reporting.
Verafin is a leader in enterprise fraud detection and anti-money
laundering solutions (FRAML™) for financial institutions across North
America. It's software utilizes advanced behavior-based analytics that
allows banks and credit unions to stay a step ahead of cutting edge
fraud trends and the BSA, USA PATRIOT Act, and FACTA compliance
landscape. Verafin is the exclusive provider of fraud detection and
BSA/AML software for the California Bankers Association, Florida Bankers
Association, Massachusetts Bankers Association, CUNA Strategic Services
and has industry endorsements covering 44 states across the U.S. For
more information, visit www.verafin.com,
email FRAML@verafin.com or
© 2013 Verafin Inc. All rights reserved.
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