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 nearly 3000 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, segments, 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.

ADVANCED VISUALIZATIONS

Geographic Maps

Check Images

Relationship Graphs

Approach

Verafin streamlines the investigation process by significantly reducing false positives and delivering insights through enhanced data analysis and innovative visualization tools.

Big Data Intelligence

Reduce false positives, increase the quality and accuracy of your alerts, and strengthen crime ring investigations with big data intelligence in the Verafin Cloud. Verafin imports and analyzes an immense amount of information from multiple sources, including core system, ancillary source, open-source, third-party, and consortium data. We then apply cross-institutional analysis and machine learning technology to analyze billions of transactions, ensuring best-in-class performance.

Visual Storytelling

Expedite your investigations and create richer, more detailed reports with Verafin’s unique visual storytelling capabilities. You are presented with smart evidence and investigation tools, such as risk-rated evidence, check image viewer, balance charts, geographic maps, and interactive relationship graphs. By providing targeted alerts packaged with supporting information and evidence, Verafin saves time and resources in every investigation.

Collaborative Investigations

Work together to create a complete picture of financial crime by sharing information in Verafin’s secure environment. Combining the power of cross-institutional analysis in the Verafin Cloud with 314(b) information sharing tools strengthens investigations into crimes spanning multiple institutions, improves the efficiency of your investigations, and provides richer reporting to law enforcement.

WHY CHOOSE VERAFIN

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Our Approach

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Innovation

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Expertise & Experience

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Commitment to Customer Success

INSIGHTS FOR INVESTIGATIONS

Flow of Funds Visualization

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

Real-time Detection for Payments Fraud

April 08 at 12:30 PM - 01:30 PM EST

Fraudsters will use every available channel to target your institution, including exploiting the speed and convenience of ACH and wire transfers for their fraudulent schemes.... 

  Verafin Tour

Verafin Virtual Tour

April 15 at 10:00 AM - 02:30 PM

Fraud Detection & BSA/AML Online Event

  Demo

Online Account Takeover: Detecting Fraud in a Digital Age

April 16 at 12:30 PM - 01:30 PM EST

Online customer accounts are a serious target for sophisticated criminals looking to commit unauthorized transfers and harvest data to perform numerous types of fraud. With... 

  Demo

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

April 22 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... 

  Webinar

Combating Human Trafficking

April 28 at 12:30 PM - 01:30 PM EST

Financial institutions and investigators can play a critical role in the fight against human trafficking — to follow the money to uncover perpetrators and protect... 

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

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