Credit Unions combating fraud with Verafin

Credit unions face common challenges in combating fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting losses can become increasingly difficult if there are multiple detection systems across different fraud and operational teams, and ultimately leads to a lack of visibility into your true fraud problem.

LEVERAGE partner Verafin will host two upcoming webinars for credit unions to help them assess financial risks and identify fraud issues. Verafin’s Financial Crime Management platform leverages machine learning and artificial intelligence in highly-targeted detection scenarios that are enriched with open-source and third-party data and provide cross-institutional analysis and collaboration through the power of the Verafin Cloud. The result? Higher-quality alerts, expedited investigations, and richer, more detailed reporting.

The first, “Financial Crime Management for Credit Unions,” is planned for May 21 from 1 p.m. to 2 p.m. CT. The webinar will cover solutions, exclusively for credit unions, including:
• End-to-end high-risk customer management and CDD/EDD
• Complete BSA/AML compliance and management with process automation
• Targeted AML scenarios
• Targeted fraud scenarios
• Cross-institutional detection and information sharing

Register here.

The second webinar, “Fraud Prevention and Management” is planned for May 28 from 1 p.m. to 2 p.m. CT.  The webinar will cover the benefits of consolidating your fraud prevention and management functions with their Fraud Detection and Management solution. Learn why nearly 1,200 credit unions chose Verafin to reduce losses and strengthen prevention efforts across all channels and departments.

Register here.

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About Us

The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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