- Fraud and financial crime prevention platform DataVisor has partnered with Tru Cooperative Bank (formerly First West Credit Union).
- Via a pre-integrated deployment with VeriPark’s digital banking platform, Tru Cooperative Bank will leverage DataVisor’s technology to enable real-time fraud detection across the full digital banking journey.
- Headquartered in Mountain View, California, and founded in 2013, DataVisor made its Finovate debut at FinovateFall 2023 in New York.
AI-powered fraud and AML platform DataVisor will put its fraud prevention technology to use protecting the members of Tru Cooperative Bank (formerly First West Credit Union). The offering will be delivered via DataVisor’s pre-integrated deployment with VeriPark’s VeriChannel digital banking platform, and will provide Tru Cooperative Bank with seamless, out-of-the-box fraud protection.
VeriPark is a London-based fintech, founded in 1998, that helps financial institutions embed real-time decisioning into every customer interaction, from omnichannel delivery and customer engagement to branch automation and loan origination. The company made its Finovate debut at FinovateMiddleEast 2019 in Dubai. Ozkan Erener is CEO.
DataVisor’s platform provides real-time fraud detection across the full digital banking journey, covering onboarding, login, profile changes, Interac e-Transfer, and billpay. The solution offers future-proof defense against a growing range of sophisticated financial crimes, replacing traditional solutions and enabling growth without introducing additional friction for members.
“As we build on our transition to a federally regulated cooperative bank, protecting our members is fundamental in everything we do—especially as we continue to evolve our digital banking experience,” Tru Cooperative Bank Chief Transformation & Information Officer Darrell Jaggers said. “DataVisor strengthens our ability to prevent fraud earlier across the digital journey, supporting a secure, seamless experience our members can trust.”
Formerly First West Credit Union, the financial institution transitioned to Tru Cooperative Bank in April 2026. The credit union’s members voted with 84% approval to apply for the right to operate under federal regulation rather than simply provincial jurisdiction, enabling the firm to serve members outside of British Columbia and to operate nationally across Canada. The name “Tru Cooperative Bank” was adopted with 87% approval from the institution’s members. While still operating its four regional brands in British Columbia: Envision Financial, Island Savings, Valley First, and Enderby & District Financial, Tru Cooperative Bank is the fourth federally regulated credit union in Canada since 2012. The financial institution has more than $20 billion in assets, nearly 300,000 members, and 45 branch locations.
“As financial crime grows more sophisticated, credit unions need a modern, AI-driven defense that prevents fraud in real time—not one that catches up after the fact,” DataVisor Co-Founder and President of Technology and AI Yinglian Xie said. “We’re proud to support Tru’s digital banking journey through our partnership with VeriPark, and to continue expanding DataVisor’s leadership in fraud prevention across the Canadian market and the credit union community.”
Founded in 2013 and headquartered in Mountain View, California, DataVisor made its Finovate debut at FinovateFall 2023 in New York. At the conference, the company demonstrated how its fraud and risk platform integrates any data source, including third-party data, and combines a rules engine, device intelligence, a decision engine, and case management to increase detection and minimize fraud losses. DataVisor’s platform processes 30 billion events a year, boasts of more than 15,000 queries per second in live production, and delivers real-time scoring latency of less than 100 milliseconds.
DataVisor’s partnership news with Tru Cooperative Bank follows the company’s launch of Vera, a suite of conversational AI agents designed for financial crime prevention. Vera is built into DataVisor’s platform to help teams with fraud detection, strategy optimization, investigation, and reporting, while ensuring that human oversight, auditability, and control remain part of the process.
“With Vera, for the first time, financial institutions can outpace AI-driven attackers,” Xie explained when Vera was unveiled in April. “By unlocking unparalleled speed and intelligence, we are redefining the playing field and enabling a more proactive defense against AI-driven fraud.”
Photo by Aditya Chinchure on Unsplash
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