List of Verafin BSA/AML Compliance and Management Customers
Verafin
18 Hebron Way,
St. John's, A1A 0L9, NL,
Canada
St. John's, A1A 0L9, NL,
Canada
1 877-368-9986
Professional Services
900
$210M
Since 2010, our global team of researchers has been studying Verafin BSA/AML Compliance and Management customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Verafin BSA/AML Compliance and Management for AML, Fraud and Compliance from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Verafin BSA/AML Compliance and Management for AML, Fraud and Compliance include: USAA (United Services Automobile Association), a United States based Insurance organisation with 38000 employees and revenues of $48.60 billion, Synovus Bank, a United States based Banking and Financial Services organisation with 5500 employees and revenues of $3.44 billion, Valley National Bank, a United States based Banking and Financial Services organisation with 3732 employees and revenues of $1.89 billion, Simmons Bank, a United States based Banking and Financial Services organisation with 2917 employees and revenues of $763.0 million, Provident Bank of New Jersey, a United States based Banking and Financial Services organisation with 1755 employees and revenues of $694.0 million and many others.
Contact us if you need a completed and verified list of companies using Verafin BSA/AML Compliance and Management, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Capital City Bank | Banking and Financial Services | 902 | $244M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2018 | n/a |
In 2018 Capital City Bank implemented Verafin BSA/AML Compliance and Management. The deployment was positioned within the bank’s AML program and maps directly to the AML, Fraud and Compliance application category used by the bank’s BSA/AML compliance team in Tallahassee, Florida.
The Verafin BSA/AML Compliance and Management deployment is used for alert handling and transaction monitoring workflows, with explicit use cases for Customer Due Diligence and Enhanced Due Diligence. High Risk Review Analysts utilize the system to address alerts relating to CDD and EDD, monitor transactional activity, initiate EDD cases, and maintain documentation files, reflecting core case management and documentation capabilities of the application.
Operational coverage centers on the bank’s BSA/AML compliance function and high risk review analysts, with the platform embedded in daily compliance activities and preliminary reviews of new higher risk clients. Staff responsibilities include conducting reviews and investigations, providing guidance to bank personnel on CDD and EDD procedures, and supporting management in developing procedures in adherence with BSA/AML regulatory guidelines.
Usage began in April 2018 and continues in support of ongoing high risk client monitoring and investigations, indicating sustained operational adoption by the bank’s compliance team. The implementation emphasizes standardized alert triage, case initiation for EDD, and retention of investigation documentation within Verafin BSA/AML Compliance and Management.
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Capitol Federal Savings Bank | Banking and Financial Services | 659 | $193M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2021 | n/a |
In 2021, Capitol Federal Savings Bank operated Verafin BSA/AML Compliance and Management as its AML, Fraud and Compliance platform for institution-wide surveillance and case workflows. The bank originally automated AML, BSA and fraud detection when it switched from manual methods to Verafin in 2011, and by 2021 the application was central to ongoing monitoring and investigative processes across the institution.
Verafin BSA/AML Compliance and Management was configured to run fraud analytics that detect check kiting and stolen checks, and to surface alerts into a unified dashboard where assigned alerts, cases, CTRs and SARs are visible. The implementation uses the Verafin Case Management component to open and manage investigations, the integrated SAR component to prepare and refile reports, and task workflows for ongoing monitoring of higher risk customers, providing automated tracking of report acceptance and acknowledgments once prompted for electronic submission to FinCEN.
Operational coverage is centered on a dedicated Financial Intelligence Unit staffed with five BSA analysts, two red flag and fraud specialists, a unit supervisor and a department manager, who use Verafin for money laundering detection, fraud detection and BSA compliance across the institution. The FIU leverages Verafin alerts and cases to coordinate outreach with correspondent banks and to support law enforcement follow up, with several Verafin cases assigned for further investigation by authorities.
Governance and case workflow were formalized through Verafin Case Management and SAR features, which the FIU uses to build more detailed investigative records and to manage evidentiary documentation and escalations. As an explicitly reported outcome, early detection and investigation through Verafin enabled the bank to stop a check kiting scheme, close accounts within a week and prevent more than $350,000 in losses, while also generating increased feedback and follow up requests from law enforcement.
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Centreville Savings Bank | Banking and Financial Services | 260 | $25M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2015 | n/a |
In 2015, Centreville Savings Bank implemented Verafin BSA/AML Compliance and Management to support its AML, Fraud and Compliance program and to centralize transaction monitoring and alert workflows. The Verafin BSA/AML Compliance and Management deployment was positioned alongside broader bank-wide infrastructure and business intelligence initiatives led by the senior business intelligence team.
The implementation configured core functional capabilities common to AML platforms, including transaction monitoring, alert generation and triage, case management, SAR reporting workflows, and rule tuning for scenario-based detection. Configuration work emphasized operationalizing alerts for compliance and investigations teams, and establishing repeatable processes for alert disposition and case escalation.
Integration and operational coverage included explicit ties to the banks CRMs and marketing data systems, the deployment notes list Fiserv Cleartouch integrated CRM and the MCIF Marketing tool via Raddon Integrator alongside Verafin AML. The senior business intelligence function led data migration and ingestion efforts to bring Verafin event and case data into the banks reporting environment, supporting automated reporting and analytics initiatives that had previously migrated to Cognos Business Analytics and later to Crystal Reporting.
Governance and rollout were coordinated by the BI lead reporting to the Director of Business Intelligence, who established BI functions from scratch, led bank-wide conversions, and owned data migration projects. Ongoing responsibilities included automating reporting, creating ad-hoc analytical support, mentoring junior analysts, and closing reporting gaps to ensure the Verafin BSA/AML Compliance and Management solution delivered operationalized surveillance and compliant reporting across compliance, risk, and retail banking functions.
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City National Bank & Trust | Banking and Financial Services | 250 | $70M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2021 | n/a |
In 2021 City National Bank & Trust documented its deployment of Verafin BSA/AML Compliance and Management, operating within the AML, Fraud and Compliance category. The implementation is centered on the bank's compliance function in Lawton Oklahoma and the compliance team led by Senior Compliance Analyst Ashley Woods, with access extended to other internal teams for investigative support and reporting.
Verafin BSA/AML Compliance and Management was configured to deliver automated alerting, centralized case management, and end to end CTR and SAR workflows. Functional capabilities implemented include automated CTR and SAR creation and submission, evidence and reporting visualization, automated OFAC and 314(a) watch list scans, Cannabis Related Business alerting, and tools for initiating SARs directly from alerts or cases.
The deployment leverages Verafin collaboration features, notably the FRAMLxchange 314(b) network, to exchange investigative leads with peer institutions and accelerate cross institution response to suspicious customers. The bank experienced rapid agent rollouts and rule updates during the COVID 19 SBA fraud surge, with Verafin alerts used to flag new high risk customers and support investigation workstreams.
Governance and process transformation focused on moving CTR and SAR work from manual spreadsheets and disparate tools into a unified compliance workflow, enabling the team to prioritize higher quality alerts. City National Bank & Trust retired other alerting tools after adoption, reported a shift from manual CTR handling to an integrated workflow, and documented a rise in SAR filings compared to prior practices, including large volume SBA loan fraud filings during the pandemic.
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CNB Bank | Banking and Financial Services | 659 | $187M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2017 | n/a |
In 2017, CNB Bank implemented Verafin BSA/AML Compliance and Management as a web based application to support its institution-level anti-money laundering program. The deployment targeted core BSA alerting and case management responsibilities within the bank and is aligned with the AML, Fraud and Compliance application category.
The Verafin BSA/AML Compliance and Management implementation centered on a formal BSA Alert Process that identifies customers associated with suspicious transactions, fetches customer identity and account details, and generates alerts that include the suspect transactions tied to specific dates. Functional capabilities implemented include customer and account retrieval, alert generation with attached transaction detail exports, and routine data extraction to spreadsheet format for downstream review.
Operational automation and integrations were explicit parts of the implementation, the process fetching data directly from the Verafin website and exporting records for reconciliation. Exceptions and error handling were automated through UiPath, with dedicated DEV and Prod orchestrator instances set up and jobs executed from the Orchestrator, reflecting an automated runbook for routine BSA alert processing.
Governance and operational ownership resided with the CNB Finance Bank department, with a small team model and active release governance. Responsibilities documented by the Team Lead include preparing design documents and obtaining client approvals, preparing release documentation and signoffs, sending daily status reports to management, and coordinating daily team meetings, the Team Lead role running from March 2021 to present with a two person operational team.
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Banking and Financial Services | 166 | $26M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2021 | n/a |
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Banking and Financial Services | 885 | $210M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2020 | n/a |
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Banking and Financial Services | 92 | $10M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2019 | n/a |
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Banking and Financial Services | 50 | $10M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2021 | n/a |
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Banking and Financial Services | 140 | $20M | United States | Verafin | Verafin BSA/AML Compliance and Management | AML, Fraud and Compliance | 2021 | n/a |
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Buyer Intent: Companies Evaluating Verafin BSA/AML Compliance and Management
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively evaluating Verafin BSA/AML Compliance and Management. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively Evaluating Verafin BSA/AML Compliance and Management for AML, Fraud and Compliance include:
- Shinhan Bank, a Canada based Banking and Financial Services organization with 103 Employees
- Preferred Management Corporation, a United States based Healthcare company with 700 Employees
- Columbus Water Works United States, a United States based Utilities organization with 211 Employees
Discover Software Buyers actively Evaluating Enterprise Applications
| Logo | Company | Industry | Employees | Revenue | Country | Evaluated |
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Shinhan Bank | Banking and Financial Services | 103 | $20M | Canada | 2026-02-18 |
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Preferred Management Corporation | Healthcare | 700 | $80M | United States | 2026-01-22 |
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Columbus Water Works United States | Utilities | 211 | $51M | United States | 2026-01-08 |
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Banking and Financial Services | 3900 | $248M | India | 2025-10-08 |
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Banking and Financial Services | 334 | $52M | United States | 2024-11-06 |
FAQ - APPS RUN THE WORLD Verafin BSA/AML Compliance and Management Coverage
Verafin BSA/AML Compliance and Management is a AML, Fraud and Compliance solution from Verafin.
Companies worldwide use Verafin BSA/AML Compliance and Management, from small firms to large enterprises across 21+ industries.
Organizations such as USAA (United Services Automobile Association), Synovus Bank, Valley National Bank, Simmons Bank and Provident Bank of New Jersey are recorded users of
Verafin BSA/AML Compliance and Management for AML, Fraud and Compliance.
Companies using Verafin BSA/AML Compliance and Management are most concentrated in Insurance and Banking and Financial Services, with adoption spanning over 21 industries.
Companies using Verafin BSA/AML Compliance and Management are most concentrated in United States, with adoption tracked across 195 countries worldwide. This global distribution highlights the popularity of Verafin BSA/AML Compliance and Management across Americas, EMEA, and APAC.
Companies using Verafin BSA/AML Compliance and Management range from small businesses with 0-100 employees - 24%, to mid-sized firms with 101-1,000 employees - 56%, large organizations with 1,001-10,000 employees - 16%, and global enterprises with 10,000+ employees - 4%.
Customers of Verafin BSA/AML Compliance and Management include firms across all revenue levels — from $0-100M, to $101M-$1B, $1B-$10B, and $10B+ global corporations.
Contact APPS RUN THE WORLD to access the full verified Verafin BSA/AML Compliance and Management customer database with detailed Firmographics such as industry, geography, revenue, and employee breakdowns as well as key decision makers in charge of AML, Fraud and Compliance.