Share One said it now is recommending the antifraud and anti-money laundering solutions of Verafin to the Memphis, Tenn.-based core processing CUSO's client list of about 65 credit unions.
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.
"NewSolutions boasts a flexible, service-oriented architecture, facilitating a tight integration with third-party solutions. 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.
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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.
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