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 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
Verafin's Financial Crime Management platform also includes:
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.
INSIGHTS FOR INVESTIGATIONS
Flow of Funds Visualization
More Verafin Features
Upcoming Events
Webinar2021 Crime Trends & Technology: A Year in ReviewJanuary 26 at 12:30 PM - 01:30 PM ESTFrom growing fraud threats to the evolving BSA/AML landscape, 2021 was a significant year in financial crime management — and 2022 may bring new challenges... |
WebinarBanking Cannabis-Related BusinessesFebruary 02 at 12:30 PM - 01:30 PM ESTThe burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast, at state and federal levels,... |
DemoWire Payee Risk Analysis: Reduce Customer Friction, False Positives & LossesFebruary 09 at 12:30 PM - 01:30 PM ESTConventional fraud detection approaches focus primarily on high-value wires, international transfers, or new beneficiaries resulting in a large volume of false positive alerts and increased... |
DemoVerafin Financial Crime Management — Jack Henry SilverLakeFebruary 10 at 12:30 PM - 01:30 PM ESTVerafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using the Jack Henry SilverLake core to strengthen compliance and combat evolving... |
DemoVerafin Financial Crime Management — Fiserv PremierFebruary 17 at 12:30 PM - 01:30 PM ESTVerafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using the Fiserv Premier core to strengthen compliance and combat evolving financial crimes. Using... |
DemoVerafin Financial Crime Management — FinastraFebruary 24 at 12:30 PM - 01:30 PM ESTVerafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using a Finastra core to strengthen compliance and combat evolving financial crimes.... |
