An Enterprise BSA/AML Platform
Verafin provides financial institutions with a complete, end-to-end, BSA/AML compliance solution. From account opening to customer risk management, ongoing due diligence, suspicious activity monitoring, and regulatory reporting, with Verafin’s innovative FRAMLx solution you build a complete picture of your customers and their activity.
Risk-based processes are the cornerstone of a successful BSA/AML program. Verafin enhances your customer risk management through the ongoing development and delivery of complete CDD functionality and innovative suspicious activity detection models utilizing cutting-edge artificial intelligence to alert you to a wide range of criminal activity, including human trafficking and terrorist financing.