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.
Verafin's Financial Crime Management platform also includes:
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.
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.
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.
More Verafin Features
Verafin Financial Crime Management — iCore360
March 23 at 12:30 PM - 01:30 PM EST
Verafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using iCore360 core banking systems to strengthen compliance and combat evolving financial...
Verafin Financial Crime Management — Fiserv Premier
March 29 at 12:30 PM - 01:30 PM EST
Verafin 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...
Collaborative Frameworks for Information Sharing
March 30 at 12:30 PM - 01:30 PM EST
The financial industry’s approach to combating financial crime is constantly evolving, but many challenges remain. Criminals continue to develop new illicit tactics, driving an increase...
Improve Efficiency of Anti-Financial Crime Investigations with Counterparty Data
April 05 at 12:30 PM - 01:30 PM EST
Data is key to Anti-Financial Crime (AFC) investigations, but all too often the information is siloed rather than shared – limiting its value to investigators...
Elder Financial Abuse
April 12 at 12:30 PM - 01:30 PM EST
Elder financial abuse is a significant and growing problem that has devastating effects on individuals and families. Believed to be largely underreported, financial institutions are...