Innovate with Artificial Intelligence

Artificial intelligence (AI) is a hot topic that has the financial industry buzzing about the possibilities. With criminal activity continually growing and evolving, financial institutions are looking to integrate innovative...

Three Opportunities to Safeguard the Financial System

June 20, 2024 by Nasdaq Verafin

...benefits – when combined with innovative technology, institutions can stay one step ahead of criminals. For further insights into protecting the world’s financial system, read the 2024 Global Financial Crime...

Why Every Institution Needs Intelligent Segmentation

Originally Presented: April 24, 2018

...compliance by automating manual due diligence processes to provide a more accurate picture of your institution’s high-risk accounts. How to get alerted to unknown high-risk customers in your existing customer...

Risk Surveillance

...factors, first-generation approaches generate large volumes of false positives, creating unnecessary EDD tasks, and costing valuable time. Verafin’s targeted analytics provide your institution with powerful ongoing surveillance of high-risk customer...

Elder Financial Abuse: New Cloud Insights Show Major Surge

May 17, 2022 by Nasdaq Verafin

...Verafin Cloud. Accurate to date of publication. Preparing for Continued Threats Our comprehensive analysis of Verafin Cloud data has highlighted wire fraud as a serious threat to seniors — and...

Banking on Deceit: Billions Lost to Cybercrime & Authorized Push Payment Fraud

April 21, 2023 by Colin Parsons

...Email Compromise (BEC) and investment schemes. A recent Internet Crime Complaint Center (IC3) report has highlighted that APP scams were behind billions in cybercrime losses in 2022 — and that...

Cannabis-Related Businesses

...than double over the next five years, creating many questions for financial institutions around banking CRBs. This infographic provides a brief introduction to the world of CRBs, mapping marijuana law...

Making a Difference

...use of beta testing with customers means these alerts are incredibly accurate. I know that when an alert fires — we need to pay attention.” Human trafficking activity is a...

The Time is Now to Overhaul the Bank Secrecy Act (BSA): The BSA Should Facilitate the Generation of Actionable Information and Interbank Collaboration

...top of the list. He discusses several recommendations to facilitate the research and production of significant SARs and states that “FIs must be incentivized and even credited when they collaborate...

Unreal Identities Leading to Real Crimes

February 4, 2019 by Nasdaq Verafin

Synthetic identity fraud has become a vehicle for fraudsters to commit a host of financial crimes, such as account fraud, loan fraud or online banking fraud. Criminals combine real and...