Feature Sheet

Fraud Detection & Management

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Criminals are smarter than ever before and will use all available products and channels to exploit your financial institution. To successfully stop crime, you need a cross-channel approach to fraud detection that removes the traditionally siloed approach within fraud departments, allowing you to work more efficiently, saving time and resources during investigations.

Verafin Financial Crime Management integrates cross-institutional core data, open-source data, and third-party data sources within the Verafin Cloud, and deploys artificial intelligence with machine learning models trained on our vast amount of labelled, anonymized data to uncover the latest fraud trends with extreme accuracy. With big data intelligence, Verafin’s targeted analytics produce stronger alerts, reduce false positives and uncover fraudulent activity quickly including online account takeover, wire/ACH fraud, deposit fraud, in-clearing/on-us check fraud, card fraud, elder abuse, and loan fraud.

Tagged as...

  •   Account Takeover
  •   ACH Fraud
  •   Card Fraud
  •   Check Fraud
  •   Deposit Fraud
  •   FRAML
  •   Fraud
  •   Fraud Management
  •   Loan Fraud
  •   Wire Fraud