Home > News > 2016 > Celero and Verafin renew partnership to offer fraud detection and anti-money laundering solutions

Celero and Verafin renew partnership to offer fraud detection and anti-money laundering solutions

St. John’s, NL and Calgary, AB (November 23, 2016) - Verafin Inc., a North American leader in cloud-based, cross-institutional Fraud Detection and Anti-Money Laundering (FRAML) , and Celero, a leading provider of IT solutions to Canadian financial institutions, today announced a renewed partnership to offer fraud detection and anti-money laundering solutions to credit unions in Canada.

This renewal reflects a continuation of joint services offered by both organizations to numerous credit unions since 2009.

“We are pleased to continue to provide hosting services to Verafin as well as value-added services to credit unions who choose made-in-Canada fraud detection and anti-money laundering solutions from Verafin,” says Barb MacLean, Manager, Banking Products at Celero. “Celero is pleased to work with Canadian FinTech companies, like Verafin, to provide technology solutions that meet the specific needs of credit unions and financial institutions in Canada. We look forward to continuing to provide this critical service to our customers in conjunction with Verafin.”

Through this ongoing partnership, Celero and Verafin will continue to offer Verafin’s Software as a Service (SaaS) fraud detection and anti-money laundering hosted in Celero’s highly-secure world-class data centres purposefully built to support financial institutions.  

“We’ve had a strong relationship with Celero over the past seven years, and it has helped us deliver North America’s top fraud detection and anti-money laundering solution to credit unions in Western Canada,” says Robert Webb, Vice President of Corporate Development at Verafin. “Our renewed partnership helps us continue to offer Canadian financial institutions the software they need to stay a step ahead of the latest regulatory demands and trends in financial crime.”

ABOUT CELERO: Celero is a leading provider of IT solutions to financial institutions across Canada and is consistently ranked among the world’s top financial technology companies on the annual FinTech 100 list. A full-service information technology company, Celero provides complete banking solutions, IT planning, systems integration, hosting, support, maintenance and professional services. Celero meets the unique needs of financial institutions and delivers world-class reliability through our Canadian-based data centers, employees, and operations. For more information about Celero, visit celero.ca.

ABOUT VERAFIN: Verafin is a leader in cloud-based, Fraud Detection and Anti-Money Laundering (FRAML) software with a customer base of over 1,400 financial institutions across North America. Its solution helps financial institutions proactively prevent fraud and comply with AML regulations. Verafin was named one of Canada’s Top 100 Employers (2014 to 2017) and the winner of Best Places to Work in Atlantic Canada (2015 and 2016). For more information about Verafin, visit verafin.com.

Contact information:

Celero      
Dean Rathwell, Director, Marketing, Strategy and Communications    
dean.rathwell@celero.ca
306 566 1759    

Verafin Inc.
Robert Webb, VP of Corporate Development
robert.webb@verafin.com 
877 368 9986