Case Study: First United Bank and Trust achieves streamlined FRAML compliance and fewer false positives with Verafin

Verafin Rescues First United Bank and Trust from their Adaptive Intelligence BSA/AML Compliance Vendor

First United Bank and Trust, a $1.3B community bank in Oakland, Maryland, had outgrown its previous BSA/AML compliance system and needed a more flexible solution that could also support fraud monitoring and case management. The bank wanted a platform that could consolidate tools, capture all of its data, and better support both fraud detection and anti-money laundering needs.

Verafin provided an all-in-one FRAML platform that integrated seamlessly with First United’s core system and replaced multiple separate tools. With Verafin, the bank reduced false positives, improved efficiency, streamlined investigations, and gained case management and broader fraud coverage, including ACH, structuring, check kiting, remote deposits, and mobile deposits.

First United Bank and Trust

Chelsea Doyle

AML Officer