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
DemoMitigating & Managing Deposit Fraud LossesOctober 12 at 12:30 PM - 01:30 PM ESTDespite the decreasing use of checks as a preferred financial method for transactions, institutions across the country are facing an increasing number of deposit fraud... |
WebinarFraud Schemes & ScamsOctober 19 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 — Jack HenryOctober 20 at 12:30 PM - 01:30 PM ESTVerafin is the industry’s leading Financial Crime Management platform, trusted by over 650 financial institutions using Jack Henry cores to strengthen compliance and combat evolving... |
DemoStrengthening Investigations with Counterparty DataOctober 26 at 12:30 PM - 01:00 PM ESTAs criminals grow increasingly sophisticated, financial crime investigators need to understand their customers and the counterparties they interact with. More than ever, financial institutions need... |
WebinarUnderstanding and Managing Payments Fraud through Consortium-based DataOctober 27 at 12:30 PM - 01:30 PM ESTToday’s payments ecosystem is rapidly evolving, and financial institutions must continually improve their prevention programs to combat increasingly prevalent scams such as Authorized Push Payment... |
