Verafin AML Solution Gets Share One Nod
Verafin's anti-fraud and anti-money laundering solutions are now being recommended to the credit union core processing clients of Share One.
The Canadian company said its NewSolutions system automates risk scoring, detects suspicious activity, scans watch lists and facilitates compliance reporting, case management and vendor management.
"We have tested Verafin and the NewSolutions interface and are confident that our clients will be pleased with the efficient results," said Daryl Tanner, president/CEO of Share One in Memphis, Tenn., which has a client list of about 65 credit unions.
Verafin is based in Newfoundland and serves more than 400 financial institutions across North America, the company said. It said its partnerships also include more than 40 endorsements by national and state associations.