RALEIGH, N.C. – Coastal FCU said yesterday it has signed with Aithent to implement the company’s Aithent Fraud Manager investigation management solution.
Aithent Fraud Manager helps financial institutions gather, organize and analyze information relating to apparent fraud or financial crimes, as well as automate the preparation and filing of Suspicious Activity Reports required by the Financial Crime Enforcement Network. The company said the configurable solution is designed to ensure the shift from another system to it is done quickly.
“The key was to be able to move from that solution to another with the least amount of disruption to our investigatory and compliance activities,” said Larry Wilson, president of the $1.9 billion credit union.
Aithent is based in New York.
