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 nearly 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

FRAUD DETECTION AND MANAGEMENT

Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers.

BSA/AML COMPLIANCE AND MANAGEMENT

Verafin provides artificial intelligence and machine learning to give you the ability to quickly uncover illicit activity, along with solutions to strengthen your end-to-end BSA/AML compliance program.

HIGH-RISK CUSTOMER MANAGEMENT

Our intelligent risk categorization approach identifies, segments, stratifies and actively monitors ongoing high-risk customer activity. This enables BSA/AML professionals to perform powerful and efficient ongoing due diligence that is in line with the true risk the customer poses to the institution.

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.

WHY CHOOSE VERAFIN

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Our Approach

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Innovation

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Expertise & Experience

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Commitment to Customer Success

INSIGHTS FOR INVESTIGATIONS

Flow of Funds Visualization

More Verafin Features

Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
Automated Regulatory Reporting. Verafin brings increased efficiency and confidence to the regulatory reporting process by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More About CTRs >  Learn More About SARs >
Integrated Case Management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn More >

Upcoming Events

  Demo

BSA/AML Compliance, Fraud Detection & High-Risk Customer Management

August 12 at 12:30 PM - 01:30 PM EST

Criminals are profiting from sophisticated attacks against financial institutions left vulnerable and exposed by the inefficiencies of manual processes, siloed departments and disparate point solutions.... 

  Demo

Online Banking & Digital Fraud: A Consolidated, Cross-Channel Solution to Prevent Losses

August 19 at 12:30 PM - 01:30 PM EST

Opportunistic criminals are taking advantage of the increasing number of customers migrating to digital banking channels — from compromising online accounts, performing unauthorized wire, ACH,... 

  Webinar

Stay Ahead of Emerging Trends: Practical Advice from Peers & Industry Experts

August 25 at 12:30 PM - 01:30 PM EST

Originally Presented: May 28, 2020 The COVID-19 crisis has highlighted existing weaknesses in current anti-financial crime approaches and the inflexibility of legacy detection systems to keep... 

  Demo

Solutions to Combat COVID-19 Financial Crime

August 26 at 12:30 PM - 01:30 PM EST

While fraudsters prey on consumer fear and uncertainty during the COVID-19 pandemic, financial institutions are experiencing significant changes in daily operations and in customer behavior... 

  Demo

End-to-End High-Risk Customer Management & CDD/EDD

September 2 at 12:30 PM - 01:30 PM EST

High-risk customer management is a significant challenge, as financial institutions must balance the needs of their business and customers with heightened regulatory expectations for customers... 

  Webinar

Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD

September 15 at 12:30 PM - 01:30 PM EST

The 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,... 

Interested in learning more about Verafin's Financial Crime Management platform?

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