Fraud Prevention and Management for Credit Unions

Date:May 28, 2020
Time:1:00 pm Central
(2:00 pm Eastern, 1:00 pm Central, 12:00 pm Mountain, 11:00 am Pacific)

Attend a FREE webinar brought to you by CUNA Strategic Services and Verafin.

Verafin’s Fraud Detection and Management solution leverages big data intelligence to help detect emerging and evolving fraud trends by analyzing more than a billion transactions a week in the Verafin Cloud. Our innovative cross-channel fraud analytics use machine learning and cross-institutional insights from across the Cloud to reduce false positives and improve model performance. Verafin's consolidated fraud solution includes centralized case management and reporting functionality, giving your credit union the visibility needed to manage your fraud strategy across all channels.

Join us for this presentation as we discuss the benefits of consolidating your fraud prevention and management functions with Verafin’s Fraud Detection and Management solution. Learn why nearly 1200 credit unions chosen Verafin to reduce losses and strengthen prevention efforts across all channels and departments.

  • Discussion of the challenges facing credit unions to mitigate and manage fraud:
    • evolving and emerging threats; growing volume of false positive alerts; siloed operations; and too many systems to manage fraud efficiently.
  • Overview of Fraud Detection solutions, including real-time prevention capabilities:
    • in-clearing check fraud; mobile, in-branch, and ATM deposit fraud; wire fraud; ACH fraud; card fraud; online banking fraud; online account takeover; and loan fraud.
  • Review of Fraud Management solutions:
    • adaptive fraud alerts; configurable fraud reporting; performance dashboards and workforce management; and automated SAR creation and e-filing.