BIG DATA INTELLIGENCE • VISUAL STORYTELLING • COLLABORATIVE INVESTIGATIONS

The industry's leading Financial Crime Management platform

The industry's leading Financial Crime Management platform

Verafin's cloud-based cross-institutional software is used by more than 2600 financial institutions to fight financial crime and strengthen regulatory compliance.

What is Verafin?

With fraud and money laundering alerts, end-to-end due diligence solutions, robust case management functionality, automated regulatory reporting, and the ability to share information with other institutions, Verafin’s cloud-based, consolidated Financial Crime Management platform provides financial institutions with a complete solution to detect, investigate and report financial crime.

Criminals perform illicit activity across multiple transaction channels and numerous financial institutions. Verafin uses artificial intelligence and machine learning for cross-institutional, multi-channel analysis to show you truly unusual activity with a single alert, saving you time and providing you with the information you need to decide how to proceed. Verafin’s approach includes big data intelligence, visual storytelling and collaborative investigations to help institutions stay a step ahead of regulatory change and financial crime.

Solutions

FRAUD DETECTION AND MANAGEMENT

Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers.

BSA/AML COMPLIANCE AND MANAGEMENT

Verafin provides artificial intelligence and machine learning to give you the ability to quickly uncover illicit activity, along with solutions to strengthen your end-to-end BSA/AML compliance program.

HIGH-RISK CUSTOMER MANAGEMENT

Our intelligent risk categorization approach identifies, categorizes, stratifies and actively monitors ongoing high-risk customer activity. This enables BSA/AML professionals to perform powerful and efficient ongoing due diligence that is in line with the true risk the customer poses to the institution.

Benefits

Consolidate your efforts

Verafin removes the traditionally siloed approach between BSA/AML and fraud departments, allowing institutions to work more efficiently, saving time and resources during BSA and fraud investigations. A consolidated Fraud Detection, BSA/AML Compliance, High-Risk Customer Management and Information Sharing platform, Verafin’s advanced tools and technology enhance detection, investigation and reporting of illicit activity.

See the complete customer picture

Criminals use whatever means available to remain undetected. Verafin’s cloud-based, cross-channel analysis builds a comprehensive view of a customer’s activity, presenting you with alerts and tools that help you see the complete picture. By applying cross-institutional analysis and machine learning technology to analyze our big data set in the Verafin Cloud, our approach reduces false positives and increases the quality and accuracy of your alerts, improving your overall detection capabilities.

Innovate to stay ahead of crime

Verafin helps financial institutions stay abreast of industry dilemmas and emerging fraud and money laundering patterns with a customer-driven development process. Through access to enormous amounts of anonymized cloud-based data, ongoing collection of user feedback, and advancements in artificial intelligence and machine learning technology, Verafin develops highly-targeted analytical models that alert financial institutions to the latest criminal trends with extreme accuracy. Weekly software updates ensure institutions are always protected by the latest analytical advances.

WHY CHOOSE VERAFIN

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Big Data Intelligence

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Visual Storytelling

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Collaborative Investigations

More Verafin Features

Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
Automated Regulatory Reporting. Verafin brings increased efficiency and confidence to the regulatory reporting process by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More About CTRs >  Learn More About SARs >
Integrated Case Management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn More >

Upcoming Events

  Demo

BSA/AML Compliance, Fraud Detection & High-Risk Customer Management

August 21 at 12:30 PM - 01:30 PM EST

Today’s criminals do not limit their illicit activities to a single financial institution. More and more, multiple institutions are targeted for increasingly complex financial crimes.... 

  Demo

Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility

August 27 at 12:30 PM - 01:30 PM EST

Financial institutions are facing common challenges in combatting fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting... 

  Demo

BSA/AML Compliance and Management

August 29 at 12:30 PM - 01:30 PM EST

There is enormous pressure on compliance professionals to uncover potential money laundering and keep ahead of changing regulatory requirements. Today, many financial institutions still rely... 

  Webinar

Employee Fraud: Understanding the Threat from Within

September 04 at 12:30 PM - 01:30 PM EST

In order to protect themselves from evolving external threats, financial institutions continue to strengthen their fraud controls by deploying fraud detection solutions across a variety... 

  Demo

End-to-End High-Risk Customer Management & CDD/EDD

September 11 at 12:30 PM - 01:30 PM EST

How effective is your institution’s high-risk customer management program? From identification to assessment, to continuous review and monitoring — current approaches to CDD/EDD for high-risk customers... 

  Demo

Preventing Losses from Check Kiting and Check Fraud Schemes

September 18 at 12:30 PM - 01:30 PM EST

Fraudsters are using tried and true methods to perpetrate fraud. From stolen check books to kiting schemes, in-clearing or on-us check fraud remains a significant... 

Interested in learning more about Verafin's Financial Crime Management platform?

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