Anti-financial crime efforts are evolving rapidly as fraudsters deploy increasingly sophisticated tactics. In 2023, financial institutions and customers lost $485 billion to fraud scams — and losses remained high last year in the U.S. and overseas.
Consortium analytics, together with advanced behavioral intelligence, will help financial institutions protect customers and reduce the manual burden of fraud prevention in the coming years.
In 2025, we partnered with BioCatch to integrate the solution’s behavioral intelligence insights with the Nasdaq Verafin platform. Together we provide an unparalleled defense against payment fraud, account takeover and social engineering scams.
Here are three reasons why our integration with BioCatch will improve and streamline your fraud detection efforts.
1. Behavioral Intelligence Provides an Extra Layer of Defense Against Fraud
Fraudsters are becoming more sophisticated. Many are using remote access tools, stolen credentials, AI and social engineering tactics to bypass traditional defenses. BioCatch’s behavioral biometrics detect subtle anomalies — including typing rhythm, hesitation, and device handling — revealing when an account is accessed by an imposter.
Combined with Nasdaq Verafin’s consortium-based transaction monitoring, this layered approach identifies high-risk payments — even when fraudsters succeed at making them appear authentic. In our webinar, you’ll learn how these technologies work together to protect customers by analyzing data acquired before the payment is initiated, as well as afterward.
2. Our Integration Streamlines Investigations & Saves Time
Previously, institutions using both Nasdaq Verafin and BioCatch needed to navigate between the solutions to cross-reference data, slowing response times and increasing the potential for human error. Our integration brings BioCatch alerts directly into the Nasdaq Verafin workflow, allowing investigators to leverage the insights from BioCatch analytics from a single interface. This unified workflow reduces manual effort, automates documentation and accelerates decision-making for investigators.
3. Reducing False Positives & Payment Friction
False positives create customer friction, slow payment processing times and drain resources. By combining behavioral intelligence with transaction monitoring analytics, our partnership enables smarter alerts — catching more fraud while significantly reducing false positives and payment holds. Future phases of our integration will even deliver advanced analytics and predictive models, helping institutions achieve higher detection rates and reduce false positives further.
How Nasdaq Verafin Supports Fraud Detection
Fraud typologies are becoming more complex, and the stakes are higher than ever. Behavioral intelligence and consortium analytics offer a proactive, layered defense that protects customers and streamlines operations. Any size of institution can use these innovations to reduce risk and improve efficiency, while continuing to provide the payment services your customers value.
First users of the BioCatch connector are reporting that having all information in one place enables more efficient, faster investigations. Learn more about our partnership in our on-demand webinar, Biocatch & Nasdaq Verafin: Next-Generation Fraud Detection for Banks & Credit Unions.
About the Author:
Colin Parsons
Vice President – Head of Fraud Product Strategy, Nasdaq Verafin
Colin Parsons spearheads the strategic development of technology solutions to combat fraud at Nasdaq Verafin. Throughout his time with the company, Colin has worked as a development team lead, software developer and in product marketing. Applying the knowledge gained through his roles and experiences, Colin is focused on using technology to solve the hard problems that are persistent within the fraud space.
