Deposit Fraud

Financial institutions across the country are facing an increasing number of deposit fraud attacks, with criminals especially targeting ATM and mobile channels. Verafin’s innovative, behavior-based... 

Customer & Enhanced Due Diligence (CDD & EDD)

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are the cornerstones of effective customer risk management. Verafin’s configurable Customer Due Diligence (CDD) questionnaire enables... 

Risky Entity Detection

Online Banking Fraud Detection

Institutions need to be on guard for fraudsters targeting online channels to access customer accounts to perpetrate unauthorized transfers. Verafin’s enhanced cloud platform and powerful... 

BSA/AML Compliance & Management

Financial institutions are facing rising compliance costs, increased regulatory scrutiny, and money laundering risks from sophisticated criminal organizations engaging in illicit activities such as human... 

314(b) Information Sharing

Common Point of Transaction (CPT) Detection

Criminals prey on ATMs, gas station pumps, merchant Point-of-Sale (POS) terminals and any other device that will provide them with debit card information. Once they... 

Case Management

Improving the effectiveness of investigations is critical to successfully understanding and preventing financial crime. Verafin includes a fully-integrated Case Management functionality, which lets you create... 

Watch List Scanning

Federal law requires financial institutions to scan customers and transactions against watch lists to identify entities that may be involved in possible money laundering or... 

Suspicious Activity Reporting

Suspicious Activity Reports (SARs) are a necessary part of compliance programs for all financial institutions; however, the tasks associated with regulatory reporting are often tedious...