SOLUTION

Case Management

Document and track your investigations into potentially suspicious activity with one centralized tool.

Improve your investigations and internal communication

Improving the effectiveness of your investigations is critical to successfully understanding and preventing financial crime.

Verafin includes a fully-integrated Case Management functionality, which lets you create a case directly from a suspicious activity alert, attach applicable files, link entities and related suspicious activity, and fully document your investigation — all in one location.

Features

VISUAL CASE WORKFLOW

A Case Management dashboard includes a visual workflow that gives you a quick overview of your case history from active to resolved.

AUTOMATED SUSPICIOUS ACTIVITY REPORTS (SARS)

Generate an auto-populated SAR directly from a case. Complete your Narrative with the help of the investigative notes and findings you have saved in the case and e-file directly from Verafin to FinCEN.

CENTRALIZED INVESTIGATIVE DOCUMENTATION

Attach relevant files and documents to a case and create notes detailing your decisions throughout the investigation.

CROSS-INSTITUTIONAL COLLABORATION

Enhance your investigation through cross-institutional information sharing. Start and track a collaboration with another 314(b)-registered institution, directly from your case.

Benefits

A stronger investigative audit trail

Verafin maintains an extensive audit log detailing all user actions affecting your investigative case.

Enhanced investigations

The ability to fully document all steps in your investigation, create and share tasks, and create a SAR — all from a single location — translates to a stronger investigative process.

Improved operational efficiency

Centralized case functionality, accessible to Verafin users across your institution, improves communication and reduces duplicate investigative efforts.

Superior reporting

Generate reports detailing a wide range of investigative information, from fraud saving totals to percentage of cases resulting in SARs and total time spent investigating specific types of fraud.

More Verafin Benefits

Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
Automated SAR functionality. At the click of a button you can create a pre-populated SAR. Complete your narrative and queue it for overnight electronic submission directly from Verafin to FinCEN. Verafin can also remind you when it is time for 90-day refiling, if the suspicious activity continues. Learn more >
Multi-Channel Fraud Detection. Fraudsters, from the simplistic to the complex, will target every available channel to enrich themselves at your customers’ (and your institution’s) expense. Verafin’s multi-channel FRAMLx analysis generates data-rich alerts that help you proactively stop fraud loss. Learn more >
Anti-Money Laundering (AML). Verafin’s FRAMLx analysis alerts you to wide range of potentially suspicious customer activity occurring across multiple transaction channels. From unusual flow of funds to human trafficking and terrorist financing activity, Verafin’s risk-rated AML alerts ensure criminals are not preying on your institution. Learn more >

Interested in learning more about Verafin's Case Management Solution?

Products