Case Study: First National Bank of Granbury boosts AML compliance and fraud detection with Verafin

First National Bank of Granbury - Customer Case Study

First National Bank of Granbury needed to replace a manual BSA/AML compliance and fraud detection process as its local market changed and risk increased. The bank turned to Verafin, using its cloud-based FRAMLx software to modernize compliance and fraud monitoring.

Verafin helped First National Bank of Granbury streamline BSA/AML reviews, create a stronger audit trail, and improve oversight of wires, ACH, online banking fraud, and OFAC compliance. The bank saved time and money by using the same staff to do deeper, more efficient reviews, and Verafin helped stop a $15,000 dormant-account check fraud while also uncovering multiple fraud scams and cases of elder abuse.

First National Bank of Granbury

Greg Warren

VP Compliance and Risk Management