Feature Sheet

High-Risk Customer Management

Financial institutions are under increased regulatory pressure to complete Customer Due Diligence and Enhanced Due Diligence (CDD/EDD), particularly regarding the identification, risk scoring and surveillance of high-risk customer types. But with the sheer number of high-risk customers, ongoing assessment is extremely challenging, and traditional CDD/EDD practices result in process inefficiencies, wasted time and increased cost.

Verafin’s High-Risk Customer Management solution, with an end-to-end approach to CDD/EDD, applies intelligent risk categorization to identify, segment, stratify, and actively monitor ongoing high-risk customer activity. Our solution enables BSA/AML professionals to perform powerful and efficient ongoing due diligence, representing the true risk faced by your institution. Verafin reduces the compliance burden and improves efficiency by managing high-risk customers in a targeted way.

  •   BSA/AML Compliance
  •   CDD/EDD
  •   High-Risk Customer Management
  •   Intelligent Segmentation

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