Wire Fraud Benchmarking Highlights: Verafin Releases Trends from the Cloud

May 2, 2022 by Nasdaq Verafin

Wire fraud is evolving across the financial industry — and today, Business Email Compromise (BEC), targeted consumer scams, and the financial exploitation of elderly persons are of particular concern. With...

No Jackpot: Recognizing Lottery Scam Activity

August 14, 2017 by Nasdaq Verafin

...devastating financial loss or even more damaging outcomes related to the crime.   To learn more about common fraud scams including online loan, employment, romance and BEC fraud, download our...

Defying the Digital Revolution: Conventional Check Fraud Continues to Challenge Financial Institutions

November 26, 2019 by Nasdaq Verafin

...obtain the information and resources they need to commit check fraud. Take for example the surge in mailbox fishing, a devious technique where large quantities of mail is stolen from...

Elder Financial Abuse

October 19, 2021 by Nasdaq Verafin

...for those targeted. Fraudsters use a variety of methods to exploit elderly persons — chief sources of loss include Business Email Compromise (BEC) and Email Account Compromise (EAC), sharing almost...

The Bank Secrecy Act Doesn’t Really Exist

January 15, 2020 by Jim Richards

Happy New Year! Happy New Decade! But most importantly, Happy 50th Anniversary of the Bank Secrecy Act! Yes, the (so-called) Bank Secrecy Act was passed fifty years ago this October....

All-in-One FRAML Platform

...Financial Crime Management platform provides financial institutions with a complete solution to detect, investigate and report financial crime. Criminals perform illicit activity across multiple transaction channels and numerous financial institutions....

High-Risk Customer Management

BSA/AML Compliance and Management > High-Risk Customer Management Request a Demo Institutions are under increased regulatory pressure in the area of ongoing customer due diligence, particularly regarding the identification, risk...

ACH Payments: Mitigating the Risks of Faster Fraud

June 12, 2017 by Nasdaq Verafin

...Worldwide published a list of the key approaches used to combat ACH fraud by financial institutions: Authentication, Tokenization, and Account Maintenance: Ensuring that multi-factors are compared for authorization, and reviewing...

Explore a Career in Software Development

Download our brochure and contact us at students@verafin.com for more information. Download our Brochure...

High-Risk Customer Management

...types. These challenges are exacerbated by conventional CDD/EDD approaches that result in process inefficiencies, wasted time and increased cost. Nasdaq Verafin’s High-Risk Customer Management solution reduces the compliance burden and...