United Community Bank prepares for tomorrow and prevents more than $1M in fraud losses, today.

...success, and we expect our fraud numbers to continue to go down.” Greg Snell, Director of Operational Risk, United Community Bank ($19B) United Community Bank wanted a financial crime solution...

Improving your risk-based CDD with intelligent categorization

April 17, 2018 by Nasdaq Verafin

...and manageable — a goal for any BSA/AML compliance department. In addition, through the application of intelligent targeted analytics, compliance professionals gain the ability to better isolate and report on...

Combating Payments Fraud with Consortium Analytics

September 12, 2024 by Nasdaq Verafin

...ACH and wire payments. Authorized Push Payment scams such as Business Email Compromise (BEC) are a prime example and are difficult to combat as they involve tricking a victim into...

Six things to consider when investigating check deposit fraud

February 6, 2017 by Nasdaq Verafin

...institutions to understand their current processes. While focusing on how we can elevate our Deposit Fraud analytics, we’ve studied several common tasks that analysts and investigators complete when a check...

Crime Trends & Technology: Reflections & Perspectives for 2021

December 16, 2020 by Nasdaq Verafin

...Financial Crime Management platform can help your institution confidently transition into 2021 by successfully predicting emerging criminal trends, helping your institution stay compliant, and effectively and efficiently combating financial crime....

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

...Actionable Information and Interbank Collaboration Chris Swecker, former Assistant Director of the FBI makes a compelling argument that “Initiating or significantly enhancing a full investigation based on a SAR filing...

Are you banking Marijuana-Related Businesses?

Originally Presented: May 22, 2018

...existing customer base and complete the due diligence necessary to understand the nature of business — you likely have to rely on time-consuming manual reports and keyword searches. This 20-minute...

Rich Data Approach Provides Rich Rewards for Fraud Team

...saving more money than we did with our previous solution in the past few years. In our other system, we would have had to go digging around, searching for fraud…...

Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

Originally Presented: September 7, 2022

...Through automated entity resolution and enriched counterparty data, Verafin’s powerful link analysis and investigation tools empower fraud, AML/CFT and complex investigations teams to expedite decision making and confidently address truly...

Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

...Through automated entity resolution and enriched counterparty data, Verafin’s powerful link analysis and investigation tools empower fraud, AML/CFT and complex investigations teams to expedite decision making and confidently address truly...