Aug 2013

Verafin Announces Strategic Alliance with Harland Financial Solutions

St. John's, NL - Verafin Inc., a leading provider of fraud detection and anti-money laundering (FRAML) software, today announced a strategic alliance agreement with Harland Financial Solutions. Harland Financial Solutions serves over 6,000 financial institutions with comprehensive software and services that help drive performance and profitability.

“We are seeing an increased demand from our clients for a complete fraud detection and anti-money laundering solution to complement our offerings. We looked closely at the industry for companies that are making a real impact. What we saw and heard made us very confident about choosing Verafin. Their reputation for technical innovation, successfully helping to prevent financial crime, and culture of dedicated client support is really unmatched,” said Harland Financial Solutions’ Executive Vice President, Business Development, Scott Hansen. “We are excited to be working with Verafin and to offer our clients what we feel is the best fraud detection and BSA/AML compliance software available."

Verafin enables fraud detection and BSA/AML compliance professionals to quickly and effectively respond to suspicious activity. Innovative, powerful, and easy-to-use, the FRAML software is a complete package, from suspicious activity alert generation to integrated case management functionality and fully automated BSA regulatory reporting.

“There are clear synergies between Verafin and Harland Financial Solutions, including a vision of delivering advanced technology solutions that help to revolutionize the financial services industry,” says Andrew King, VP of Alliances for Verafin. “Harland Financial Solutions’ core processing solutions, combined with our FRAML software, will help financial institutions increase their efficiencies and proactively protect themselves, and their customers, from even the most advanced fraud and money laundering schemes.”