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 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.

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.

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.