In this insightful case study, you will learn how Community First Credit Union in Jacksonville, FL, was able to protect a vulnerable member, who had suffered a stroke, from a potential $10,000 loss in a romance scam. See how Nasdaq Verafin has greatly enhanced the credit union’s alerts, helping to reduce workload and uncover criminal activity that may otherwise be missed.
Nasdaq Verafin is the industry leader in enterprise financial crime management, providing a cloud-based, secure software platform for fraud detection and management, BSA/AML compliance and management, high-risk customer management and information sharing. More than 1,200 credit unions use Nasdaq Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Nasdaq Verafin reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Nasdaq has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.
