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.
More Verafin Features
Upcoming Events
Webinar2022 Fraud Trends & TechnologyFebruary 8 at 12:30 PM - 01:30 PM ESTWith the continuing rise in digital banking and increased demand for consumer convenience, 2022 saw significant challenges as fraudsters capitalized on opportunities to exploit the... |
WebinarFraud Schemes & ScamsFebruary 15 at 12:30 PM - 01:30 PM ESTFraudsters are adapting to technology advances and targeting your customers with a variety of illicit tactics. With Authorized Push Payment (APP) fraud scenarios such as... |
DemoVerafin Financial Crime Management — FISFebruary 16 at 12:30 PM - 01:30 PM ESTAmid increasing BSA/AML and fraud challenges, financial institutions using FIS core systems are trusting Verafin to stay a step ahead. Our industry-leading enterprise Financial Crime... |
WebinarUnderstanding and Managing Payments Fraud through Consortium-based DataFebruary 22 at 12:30 PM - 01:30 PM ESTThe payments ecosystem is evolving. Consumers want faster, frictionless payments which can be a challenge to financial institutions who must manage the growing volume of... |
DemoElevate your Efficiency: Verafin’s All-in-One Anti-Financial Crime Platform for Crypto CompaniesFebruary 23 at 02:00 PM - 03:00 PM ESTCrypto companies face significant anti-financial crime challenges. From meeting compliance requirements, to managing evolving sanctions risks and monitoring blockchain and fiat for suspicious activity, staying... |
