CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Verafin boosts AML software with FRAMLx

Verafin boosts AML software with FRAMLx

March 4, 2015

ST. JOHN'S, Newfoundland (3/5/15)--Verafin Inc., a CUNA Strategic Services strategic alliance provider, has unveiled FRAMLx, an enhancement to its FRaud detection and Anti-Money Laundering (FRAML) software.

Powered by exclusive Verafin cloud technology, FRAMLx delivers cross-institutional analysis to detect suspicious activity.

FRAMLx will help institutions gain more insight on customer behavior, collaborate in their investigations and more accurately detect suspicious activity. The product provides a holistic view over multiple financial institutions through information sharing provided by Section 314(b) of the USA PATRIOT Act.

Verafin collected feedback from customers and industry experts to help shape the development of FRAMLx and to ensure it offers substantial value.

"We've been testing this with focus groups and the response has been overwhelmingly positive," said Nick Janes, director of product management. "From the customers' reactions, it's obvious that this will add tremendous value--people just can't wait to start using FRAMLx."

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
App •  Digital Edition •  Subscribe

Trending

  • Appeals court denies ABA petition for FOM lawsuit rehearing

  • Compliance: Using alternative data in underwriting

  • Strengthen your HR leadership and credit union with your professional growth

Tweets by CUNA_News

Polls

What's the pace of staff turnover at your CU?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors