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 3500 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
Demo[Live] BSA/AML Compliance and ManagementMay 18 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... |
WebinarWhen to Consider Automated Financial Crime ManagementMay 25 at 11:30 AM - 12:30 PM ESTThis is a complimentary educational event brought to you by Verafin. Space is limited so please register to reserve your seat. Financial institutions are... |
DemoPayments Fraud: Charting a Growing ThreatMay 26 at 12:30 PM - 01:30 PM ESTFraudsters will use every available channel to target your institution, including exploiting the speed and convenience of ACH and wire transfers for their schemes. From... |
WebinarModus Operandi of a Criminal Organization: Examining AML/CFT Priorities through Exploration of Real-Life Connected CasesJune 01 at 12:30 PM - 01:30 PM ESTThe Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities identified Transnational Criminal Organizations (TCOs) as a significant threat. Financial institutions require a... |
DemoPreventing Losses from Check Kiting and Check Fraud SchemesJune 08 at 12:30 PM - 01:30 PM ESTFraudsters are using tried-and-true methods to perpetrate fraud. From stolen checkbooks and near-perfect counterfeits to elaborate kiting schemes, in-clearing or on-us check fraud remains a... |
