Case Study A Midwestern regional bank was in need of a software solution that could help them simplify and streamline their processes. They wanted a system that could address their BSA/AML, fraud, risk scoring, and case management requirements all in one. Although the bank already had a solution in place, most processes were not very efficient. Some processes that are now automated were manual, leaving room for error, and without a case management solution, the bank was drowning in paper. Choosing Verafin The bank spent some time looking into vendors. They began by compiling a wish list of the things they wanted in a solution. “We knew some of them were probably not going to happen but we wanted to shoot for the stars. We received demos from a handful of vendors and narrowed the

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