All-in-One FRAML Platform

All-in-One FRAML Platform

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What is Nasdaq 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, Nasdaq 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. Nasdaq 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. Nasdaq 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

FRAUD DETECTION AND MANAGEMENT

Nasdaq Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers.

BSA/AML COMPLIANCE AND MANAGEMENT

Nasdaq Verafin provides artificial intelligence and machine learning to give you the ability to quickly uncover illicit activity, along with solutions to strengthen your end-to-end BSA/AML compliance program.

HIGH-RISK CUSTOMER MANAGEMENT

Our intelligent risk categorization approach identifies, segments, stratifies and actively monitors ongoing high-risk customer activity. This enables BSA/AML professionals to perform powerful and efficient ongoing due diligence that is in line with the true risk the customer poses to the institution.

Nasdaq Verafin's Financial Crime Management platform also includes:

    "Verafin has been at the forefront of FRAML from the start, and the solution has continued to evolve as the requirements of FRAML have expanded."

    Nick Vitchev, Research Director at Chartis

    Advanced Visualizations

    Geographic Maps

    Check Images

    Relationship Graphs

    Approach

    Nasdaq 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 Nasdaq Verafin Cloud. Nasdaq 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 Nasdaq 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, Nasdaq Verafin saves time and resources in every investigation.

    Collaborative Investigations

    Work together to create a complete picture of financial crime by sharing information in Nasdaq Verafin’s secure environment. Combining the power of cross-institutional analysis in the Nasdaq 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 Nasdaq Verafin Features

    Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Nasdaq Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
    Automated Regulatory Reporting. Nasdaq Verafin brings increased efficiency and confidence to the regulatory reporting process by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More About CTRs >  Learn More About SARs >
    Integrated Case Management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn More >