FRAMLx

Enhanced fraud detection & anti-money laundering software in the cloud.

What is FRAMLx?

FRAMLx is a cloud-based, consolidated approach to fraud detection and anti-money laundering. It analyzes the complete picture of a customer and their activity, alerting you quickly to potentially suspicious behavior.

Criminals perform their illicit activity across multiple transaction channels and even numerous financial institutions. Cloud-based, multi-channel, and behavior-based analysis shows you the truly out-of-the-ordinary within a single alert, saving you time and providing you with the information you need to make the right decision on how to proceed.

Solutions

ADVANCED AML & BSA COMPLIANCE

Verafin’s advanced behavior-based analysis gives you the ability to quickly uncover illicit activity and offers time-saving tools and technology to automate daily compliance processes and strengthen AML investigations.

  • Targeted AML Scenarios
  • Cross-Institutional Analysis
  • OFAC/Watch List Scanning
  • CDD/EDD
  • Automated SARS & CTRs
  • Case Management
  • 314(b) Information Sharing

MULTI-CHANNEL FRAUD DETECTION

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

  • Deposit Fraud
  • Wire Fraud
  • ACH Fraud
  • Online Account Takeover
  • Check Fraud
  • Card Fraud
  • Loan Fraud

Benefits

Get everything at your fingertips.

Verafin offers a consolidated fraud detection and anti-money laundering solution, with advanced tools and technology to enhance detection, investigation, and reporting of illicit activity.

See the complete customer picture.

Criminals will use whatever means available to remain undetected. Verafin’s cloud-based, cross-channel analysis builds a comprehensive view of a customer’s activity, presenting you with alerts and tools that help you see the complete picture.

Focus on truly suspicious activity.

Rules and spreadsheets are outdated and inefficient. Verafin’s customer-centric, behavior-based analysis studies each customer’s activity in the context of their normal behavior, alerting you only to the truly suspicious. The result? Greater efficiency and an improved ability to stop financial crime.

INCLUDED WITH VERAFIN

null

access to Verafin’s

ONLINE COMMUNITY

null

unlimited

TRAINING & 24/7 SUPPORT

null

continuous

WEEKLY RELEASES

More Verafin Benefits

Integrated Case Management. Our case management component helps you organize all the elements of your investigation into a single, centralized location, and fully integrates with Verafin’s workflows to give you the ability to quickly move an investigative case forward. Learn More >
314(b) Information Sharing. 314(b) information sharing technology in Verafin helps you work with other institutions to collaborate and gather information that can greatly enhance your investigations. Learn More >
Automated Regulatory Reporting. 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 >
OFAC/Watch List Scanning. Verafin automates Watch List Scanning tasks and applies advanced analytics to improve the effectiveness of your scanning processes. Verafin scans customers, non-customers, vendors, wires, and ACH files as part of its Watch List Scanning component. Learn More >

Interested in learning more about Verafin's FRAMLx platform?

Products

FRAMLx
(Fraud & AML)

Advanced AML

Fraud Detection

Cross-Institutional Analysis

BSA Compliance

Process Automation

314(b) Information Sharing

Advanced AML

Targeted AML Scenarios

Cross-Institutional Analysis

CDD/EDD

Automated SARS & CTRs

Case Management

314(b) Information Sharing

Multi-Channel Fraud Detection

Deposit Fraud

Wire/ACH Fraud

Online Account Takeover

Check Fraud

Card Fraud

Loan Fraud

314(b) FRAMLxchange

Secure Information Sharing

Validation of 314(b) Contacts

Group Investigations

Auditing & Reporting

Open to any 314(b) institution