Resources available for the 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
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.
INSIGHTS FOR INVESTIGATIONS
Flow of Funds Visualization
More Verafin Features
Upcoming Events
DemoBig Data Intelligence and the Way Forward for AMLJuly 15 at 12:30 PM - 01:30 PM ESTFinancial institutions are facing major AML challenges from complex regulatory expectations and criminal schemes amplified by the COVID-19 crisis. The need for innovation has never... |
DemoBeyond Due Diligence: Best Practices for High-Risk Customer ManagementJuly 22 at 12:30 PM - 01:30 PM ESTAcross the industry, financial institutions are under increased regulatory pressure to meet requirements for CDD/EDD, particularly regarding the identification, segmentation, stratification, and surveillance of high-risk... |
DemoPreventing Losses from Check Kiting and Check Fraud SchemesJuly 29 at 12:30 PM - 01:30 PM ESTFraudsters are using tried-and-true methods to perpetrate fraud. From stolen checkbooks to kiting schemes, in-clearing or on-us check fraud remains a significant challenge for financial... |
DemoBSA/AML Compliance and ManagementAugust 05 at 12:30 PM - 01:30 PM ESTManual processes, siloed teams and rules-based legacy systems are exacerbating compliance challenges for many institutions across the financial industry. With mounting pressure from sophisticated financial... |
DemoBSA/AML Compliance, Fraud Detection & High-Risk Customer ManagementAugust 12 at 12:30 PM - 01:30 PM ESTCriminals are profiting from sophisticated attacks against financial institutions left vulnerable and exposed by the inefficiencies of manual processes, siloed departments and disparate point solutions.... |
DemoOnline Banking & Digital Fraud: A Consolidated, Cross-Channel Solution to Prevent LossesAugust 19 at 12:30 PM - 01:30 PM ESTOpportunistic criminals are taking advantage of the increasing number of customers migrating to digital banking channels — from compromising online accounts, performing unauthorized wire, ACH,... |
