AML/CFT Compliance & Management

...technology to automate daily processes, improve AML investigations and strengthen compliance. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Nasdaq Verafin’s BSA/AML Compliance and Management solution...

Sanctions Screening

...inefficient and ineffective. This concise infographic describes the sanctions compliance challenges facing many financial institutions today, from root causes of non-compliance to conventional approaches, and outlines the key components of...

A Mandate for Innovation in the AML Act of 2020

May 28, 2021 by Jim Richards

...and regulatory compliance commitments advance, financial institutions need innovative solutions to keep pace with reporting requirements. This will help protect their customers and themselves from potentially suspicious activities within regulated,...

Banking on AI for Financial Crime Management

July 5, 2019 by Nasdaq Verafin

...a joint statement encouraging financial institutions to employ innovative solutions for BSA/AML regulatory compliance: “These innovations and technologies can strengthen BSA/AML compliance approaches, as well as enhance transaction monitoring systems....

Automating For Efficiency — For FIs on Aurora Core Systems

Financial institutions are facing growing pressure from complex money laundering scenarios and mounting regulatory requirements. As workload and compliance costs increase, and false positives overwhelm already strained resources, there is...

Fighting Corporate Crime 

Fraudsters will exploit every opportunity for their gain, including targeting corporate customers through elaborate wire fraud scams, deception, and manipulative tactics. In this anonymized case study observed in the Verafin...

Consortium Analytics and Machine Learning: A New Frontier in Check Fraud Detection

July 11, 2024 by Colin Parsons

...models optimized for high detection rates and low false positives. Equipped with Nasdaq Verafin’s risk scoring, our financial institution partners control the balance between the number of alerts identified versus...

Keynote – Technology to Mitigate Risk: Sanctions Screening & High-Risk Customer Management Solutions

Originally Presented: October 20, 2021

Amid heightened sanctions and high-risk customer management demands, a holistic and risk-based approach to compliance is essential for financial institutions to adhere with regulations while remaining robust against money laundering...

A Ruthless Scam

September 26, 2023 by Nasdaq Verafin

...to Fraud Detection Verafin combines behavioral analytic techniques with insights from our Consortium Analytics to detect and disrupt payments fraud. This approach leverages our consortium of over 2400 financial institutions...

Switching to Stay Compliant

...helped automate and expand upon the customer information City Bank collects at account opening, the High-Risk Customer Management solution also identified high-risk customers hiding in their customer base, such as...