Verafin helps protect credit unions and banks from the financial, compliance, and reputational risks associated with fraud and money laundering. Its Bank Secrecy Act (BSA)/AML and anti-fraud solution automates risk scoring; suspicious activity detection; watch list scanning; case management; compliance reporting and record keeping; and vendor management.

The Share One endorsement of Verafin is based on a number of factors, including the ability of Verafin to seamlessly integrate with the NewSolutions system and to effectively support the compliance and risk management needs of Share One clients. Under the agreement, Share One will recommend Verafin to its NewSolutions clients.

"Share One chooses our business partners with careful consideration of the total value to our clients, especially the end-user experience, before we elect to enter into any agreement," said Daryl Tanner, president/CEO of Share One. "NewSolutions boasts a flexible, service-oriented architecture, facilitating a tight integration with third-party solutions. We have tested Verafin and the NewSolutions interface and are confident that our clients will be pleased with the efficient results."

"Share One is committed to providing their credit union customers advanced technology solutions," said Jamie King, president of Verafin. "By choosing Verafin, they can now offer a BSA/AML and fraud solution that has the sophistication and intelligent analytics lacking from many other solutions. We're looking forward to working with Share One to help credit unions ensure regulatory compliance and protect their customer's financial information."