Multi-Channel Fraud Detection & Prevention

Verafin’s innovative, cross-channel analysis helps you uncover fraudulent activity quickly and effectively.

A customer-centric approach to protect against losses

With Verafin’s advanced fraud detection, you see the whole story of a customer’s activity across all channels — ensuring you have the information you need to prevent losses and strengthen your fraud prevention program.

From abnormal check deposits to unusual online account activity and high value wires to international locations, seeing the full range of a customer’s activity within a consolidated interface gives you the insight you need to greatly enhance your investigations.

Solutions

DEPOSIT FRAUD

Verafin analyzes your customers’ activity across multiple deposit channels, including in-branch, mobile and ATM to uncover fraudulent deposits and known deposit scams that target your customers.

WIRE FRAUD

Wire losses can be significant and difficult to recover. Verafin alerts you to unusual wire activity and provides valuable information about the wire – from origin to recipient bank and account – in a highly visual format.

ACH FRAUD

The volume and value of ACH transactions continues to grow – and criminals are taking notice. Verafin monitors both consumer and corporate transfers, uncovering fraudulent ACH debits and payments to help you prevent loss quickly.

ONLINE ACCOUNT TAKEOVER

Detect potentially suspicious online account behavior. Verafin alerts you to a wide range of suspicious online account activity, including abnormal access times and usage patterns, login failures, login from unusual IP address, and more.

DEBIT CARD FRAUD

Debit cards are as popular with criminals as they are with consumers. From elder abuse to card flipping and excessive usage, Verafin alerts you to potentially suspicious card behavior.

CHECK FRAUD

Even with the rise in online banking and debit card fraud, criminals are still using stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses.

LOAN FRAUD

For criminals, loan fraud is quick and lucrative. As institutions feel pressure to grow their lending portfolio and disburse loans faster fraudsters are slipping through the cracks unnoticed. Verafin’s customer-centric loan fraud analytics alert you to suspicious charge-offs, both at your institution and across the Verafin Cloud.

Benefits

Rich data integrations

In addition to core system data, Verafin integrates with a multitude of ancillary data systems to collect richer customer data. This data is used to generate fuller, more robust fraud alerts that provide you with the information you need to make fully informed investigative decisions.

The power of the cloud

Verafin is detecting new fraud patterns and trends in their infancy — rapidly delivering targeted analytics and alerts to you before fraudsters can perpetrate their crimes at your institution.

Protecting your customers from scams

Verafin’s multi-channel transaction monitoring identifies potential risks from fraudsters who target your customers to perpetrate schemes, including BEC fraud, online loan, work-from-home, and romance scams.

INCLUDED WITH VERAFIN

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ONLINE COMMUNITY

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unlimited

TRAINING & 24/7 SUPPORT

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More Verafin Benefits

Risky Entity Detection . Fraudsters and money launderers are breaking up their activity across institutions, repeating their illicit behavior and masking the source of their illicit funds. Cross-institutional analysis identifies Risky Entities across the cloud, and alerts you to potential risks within your institution. Learn More >
Integrated Case Management. Verafin’s case management functionality helps you organize all elements of your investigation into a single, centralized location, and fully integrates with Verafin’s workflows to give you the ability to quickly move an investigative case forward. Learn More >
Automated Regulatory Reporting. Verafin brings increased efficiency and confidence to your regulatory reporting processes by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More about CTRs > or  Learn More about SARs >

Interested in learning more about Verafin's Multi-Channel Fraud Detection?

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