TOPIC: Risk

Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us on May 29

May 29 at 12:30 PM - 01:30 PM EST
End-to-End High-Risk Customer Management & CDD/EDD
Identification, Stratification, Surveillance & EDD Workflows for High-Risk Customers


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How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
 
Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM Owners, MRBs, MSBs, NGOs, and more.

Join us as we demonstrate how Verafin groups customers in high-risk categories, stratifies the risk within those groups and, through ongoing surveillance, provides a more accurate picture of your institution’s risk profile.

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    OCC Reveals 4 Top Risks Facing the Banking Industry

    Twice per year, the Office of the Comptroller of the Currency (OCC) releases a wide-ranging report on the health of the US banking industry and potential risks. This spring's edition is another powerful installment in that series, with predictions on emerging risks, a potential recession, and overall bank profitability. Learn 4 important risks from the OCC’s Semiannual Risk Perspectives Report, plus a few more key takeaways: https://www.trupointpartners.com/blog/4-key-risks-facing-the-banking-industry-according-to-the-occ

      Data Policies

      Manager at a bank ($13MUSA)
      Hi! I am looking for some guidance on the following policies:

      1) Data Acquisition 2) Data Storage 3) Data Consumption/Provisioning 4) CCPA 5) Model Risk Management 6) BCBS239 7) Master Data Management 8) Big Data 9) Cloud 10) Data Quality

      If you have any templates available and are willing to share, I would greatly appreciate it! 

        Case Study | Reducing Risk: Finding High-Risk Accounts & Preventing Fraud Losses in Real Time

        Case Study
        Reducing Risk: Finding High-Risk Accounts & Preventing Fraud Losses in Real Time

        Download the Case Study Now
        “With Verafin’s Private ATM Owner finder alerts, we discovered we actually had 45 [ATM owners]. It was eye opening that there were high-risk customers we didn’t know about.
        I am so glad that Verafin found these private ATM owners prior to our next exam. Not knowing … could have resulted in a finding, or worse, a fine for the bank.”

        Stacey Iverson, BSA and Fraud Officer, Bell Bank ($5.4B)
        When an examination in early 2018 reinforced the fact that Bell Bank ($5.4B) needed a more robust program for customer due diligence (CDD), enhanced due diligence (EDD) and identifying high-risk customers, the institution turned to Verafin to get prepared for Ultimate Beneficial Ownership, and strengthen their high-risk customer management and CDD/EDD processes.

        In this case study, you’ll read how BSA and Fraud Officer Stacey Iverson, and her team at Bell Bank, have increased confidence going into their next exam, thanks to the extra level of scrutiny that Verafin’s robust CDD/EDD solutions provide for identifying and managing their high-risk customers.

        Download the Case Study Now