Business Email Compromise (BEC) Fraud

December 10, 2018 by Nasdaq Verafin

...at the business to instruct another member of the company to initiate a large transfer of funds, via wire, to an overseas location. Based on information collected by the Internet...

Persistence Pays as Fraud Continues Under COVID-19

July 12, 2021 by Nasdaq Verafin

...financial institutions to complete thorough investigations into potentially fraudulent activities related to COVID-19: “In line with a risk-based approach to compliance with the BSA, financial institutions also are encouraged to...

Enterprise Reporting and Dashboards

...and examiners. PRIVATE VIEWING Share only what you want to share. If you create a report containing sensitive information, such as a report containing information about past Suspicious Activity Reports...

Elder Fraud: Prevalent & Preventable

March 4, 2024 by Nasdaq Verafin

...institutions. By providing educational materials to customers, your institution can warn potential victims of the characteristics of common scams they may encounter — and the more informed a customer is,...

High-Risk Customer Management

...and effective management throughout the customer relationship. IDENTIFICATION WITH CONFIGURABLE ACCOUNT OPENING QUESTIONNAIRE Verafin offers institutions a fully configurable front-line Account Opening Questionnaire. Front-line staff can quickly collect a wide...

Elder Financial Abuse: SAR Trends

June 12, 2019 by Nasdaq Verafin

...obtain specific and timely information indicating fraudulent activity. Innovative technologies, including artificial intelligence and targeted machine learning agents, can help financial institutions proactively protect vulnerable consumers and proactively prevent financial...

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Fighting Fraud Scams in the COVID-19 Crisis

April 1, 2020 by Nasdaq Verafin

...information technology staff to request passwords and deceive employees into downloading malicious software. Criminals may use this information to gain access to customers’ online accounts and perform unauthorized transfers. Phishing...

Machine Learning: Higher Performance Analytics for Lower False Positives

August 2, 2019 by Nasdaq Verafin

Faced with mounting compliance costs and regulatory pressures, financial institutions are rapidly adopting Artificial Intelligence (AI) solutions, including machine learning and robotic process automation (RPA) to combat sophisticated and evolving...

High-Risk Customer Segmentation

...compliance workload and the exposure to risk. With Nasdaq Verafin’s High-Risk Customer Management solutions, you gain greater confidence when your institution’s offerings or overall customer profile changes. Your compliance team...