Risk Stratification

...to align with your institution’s risk appetite, and compliance policies and procedures. This stratified approach allows for control and flexibility, to add, remove or update agents based on the specific...

Instant Payments

Fraud Detection and Management > Instant Payments Request a Demo Nasdaq Verafin’s Instant Payments Fraud solutions combine behavioral analytics with consortium insights for robust fraud prevention solutions. Our unique approach...

The Faster Payments Era: New Channels & Expectations

July 27, 2023 by Nasdaq Verafin

“The shift to real-time payment infrastructure requires a focused effort, but the shift is inevitable. The time is now for all key stakeholders—financial institutions, core service providers, software companies, 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...

Crime Trends & Technology: Reflections & Perspectives for 2020

January 7, 2020 by Nasdaq Verafin

...and effectiveness of their anti-financial crime programs. Robotic Process Automation (RPA) For compliance and fraud programs, RPA can reliably automate workflows, regulatory report completion and filing, and suspicious activity alert...

RPA: Improve Efficiency and Increase Productivity by Automating Routine Tasks

September 4, 2019 by Nasdaq Verafin

...packaged and presented visually, improving the decision-making process for investigators. For compliance and fraud programs, RPA can reliably automate workflows, regulatory report completion and filing, and suspicious activity alert triage....

Business Email Compromise: A Global Menace

March 14, 2024 by Nasdaq Verafin

...system. Nasdaq’s 2024 Global Financial Crime Report attributed $10 billion in losses to cyber-enabled scams last year alone, with BEC comprising the bulk of that number at $6.7 billion globally....

Inflection Points: 5 Key Trends for Payments Fraud

June 5, 2023 by Nasdaq Verafin

...password and token controls ineffective, and obfuscating the nature of the activity for investigators. With APP scams, such as investment schemes and Business Email Compromise (BEC), behind billions of losses...

Preventing Payments Fraud Loss: The Power of a Consortium-Based Approach

September 8, 2022 by Nasdaq Verafin

...Payment (APP) scenarios such as Business Email Compromise (BEC), and romance and employment scams, where your customers are manipulated into sending a payment. These APP frauds are particularly challenging to...

Four key indicators for uncovering fraud in your loan charge-offs

August 1, 2017 by Nasdaq Verafin

...fraudulent activity getting missed in loan charge-offs? Figure 2 Lack of communication between Loan, Collections, and BSA Compliance departments within an institution can create a serious compliance hole. Oftentimes, Collections...