August 22 at 12:30 PM - 01:30 PM EST

How Verafin Uses Artificial Intelligence to Improve AML and Fraud Efforts

Artificial Intelligence (AI) techniques continue to evolve rapidly, becoming an ever more important tool in your team’s money laundering and fraudulent activity detection efforts.

“We are likewise encouraged by other innovations we are seeing in financial institutions to combat financial crime. In recent years, financial institutions have improved their ability to identify customers and monitor transactions using new technologies that rely on artificial intelligence and machine learning.” 
–  Sigal P. Mandelker, Under Secretary of the Treasury for Terrorism and Financial Intelligence

Verafin’s FRAMLx solution includes an extensive library of analytical agents that use a combination of advanced AI techniques to identify risk and intelligently segment customers, improving your team’s ability to perform effective and efficient ongoing customer due diligence.

Join us on August 22 at 12:30 ET to learn more about how:

  • Verafin’s analytical agents apply the latest advances in AI to the analysis of a wide array of evidence to increase or decrease the degree of suspicion associated with a customer’s activity.
  • Innovative AI allows Verafin to risk-rate activity based on dozens of factors, more effectively isolating truly risky activity, while greatly reducing the time your team wastes on false alerts.
  • Verafin’s Cloud network utilizes an unprecedented amount of anonymized data to help its analytical agents more effectively identify fraudulent activity.

Tagged as...

  •   BSA/AML Compliance
  •   FRAMLx
  •   Fraud
  •   Intelligent Segmentation
  •   Money Laundering

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