An Enterprise BSA/AML Compliance and Management Platform
Verafin enhances your anti-money laundering efforts and ensures regulatory compliance through the ongoing development and delivery of complete BSA/AML functionality and targeted suspicious activity detection models.
Verafin’s BSA/AML Compliance and Management solution monitors transactions across multiple channels and automatically analyzes a customer’s profile and historical behavior. With big data intelligence across the Cloud, Verafin integrates and analyzes cross-institutional data, third-party data, and open-data sources to reduce false positives and generate high-quality alerts. By utilizing artificial intelligence and machine learning, Verafin proactively alerts you to a wide range of potentially suspicious activity, including the unusual movement of funds, structuring, human trafficking, and terrorist financing.