United States
United States
BlogAML Consortium Insights: Collective Intelligence in ActionNovember 25, 2025 by Chuck Taylor As an AML professional with decades of experience, I’ve witnessed firsthand the relentless evolution of financial crime and the challenges it poses to our industry. Today, the scale of illicit activity is staggering: according to the Nasdaq Verafin 2024 Global Financial Crime Report, $3.1 trillion in money laundering and... |
BlogThe Power of the Consortium in a Data-Driven FutureNovember 21, 2025 by Nasdaq Verafin In the last decade, consortium data has become the cornerstone of financial crime prevention. Large high-quality datasets are now essential for our industry to confront and stem the $3.1 trillion scourge of illicit activity threatening the global financial system. Information is fundamental... |
BlogEnding Check Fraud with Consortium ClarityAugust 27, 2025 by Nasdaq Verafin Check fraud has remained a mainstay of criminal fraud tactics for hundreds of years. Yet, after centuries of technological advancement, reliance on this legacy payment method persists while fragmented, delayed approaches to preventing check fraud are allowing check scams to... |
BlogCombating ACH Fraud with a Consortium ApproachSeptember 24, 2024 by Nasdaq Verafin The Automated Clearing House (ACH) payment rail has seen significant growth, with the NACHA network processing 30 billion payments valued at $76.7 trillion in 2022, up 3% and 5.6% respectively over 2021. This growth has gained unwanted attention from fraudsters,... |
BlogCombating Payments Fraud with Consortium AnalyticsSeptember 12, 2024 by Nasdaq Verafin In 2023, losses to payments fraud scams totaled hundreds of billions of dollars worldwide. An evolving challenge, it has proliferated across multiple payment rails as criminals exploit the inherent weaknesses of these channels, manipulating customers through social engineering, and exploiting... |
BlogConsortium Analytics and Machine Learning: A New Frontier in Check Fraud DetectionJuly 11, 2024 by Colin Parsons The financial industry has been tackling the issue of check fraud for many years using outdated technology and siloed approaches. With the increase in check fraud, estimated at over $26 billion in losses globally, we need a new solution that... |
