Verafin’s Check Fraud Consortium Analytic Solution in Action

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Fraudulent checks are challenging the financial industry, with legacy approaches unable to counter the complexities of stolen and altered check fraud scams. At Verafin, our unique approach to fighting financial crime gives us the opportunity to rethink the problem and offer a new solution.

Using the power of Consortium Analytics, Verafin improves stolen check fraud detection by analyzing a combined, anonymized data set from across our network of 2400 financial institutions – without sharing Personally Identifiable Information (PII) – to identify financial crime risk. Watch this video to see our solution in action!

Tagged as...

  •   Check Fraud
  •   Collaborative Frameworks
  •   Deposit Fraud
  •   Fraud

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