Fact Sheet

Verafin Helps Top Institution Prevent $9.6M in Potential Fraud Losses

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Financial institutions need solutions that keep pace with evolving payments fraud schemes. A financial institution in the top 25 of U.S. financial holding companies who sought improvements to their wire fraud approach, quickly discovered that Verafin’s solution exceeded their expectations.

In this success story, learn how Verafin’s consortium and behavioral analytics helped this institution prevent $9.6M in previously undetected fraud in just two months after adopting Verafin. This piece explores:

  • The power of Verafin’s consortium analytics.
  • How behavior-based analytics create improvements for fraud solutions.
  • The need for cross-channel views of customer activity across payment channels.

Learn how Verafin helped save this institution millions in potential losses, improve their efficiency, and ensure reputational protection.

Tagged as...

  •   Faster Payments Fraud
  •   Fraud
  •   Payments Fraud