Event: DemoSolutions to Combat COVID-19 Financial CrimeFebruary 10 at 12:30 PM - 01:30 PM ESTWhile fraudsters prey on consumer fear and uncertainty during the COVID-19 pandemic, financial institutions are experiencing significant changes in daily operations and in customer behavior – adding to the complication... |
PageFraud Detection & ManagementFrom Business Email Compromise (BEC) to elder financial abuse, criminals are placing increased pressure on financial institutions with complex fraud scams. More than ever, a proactive and holistic approach to... |
Infographic10 Tips for Financial Crime Management during the COVID-19 CrisisThe COVID-19 crisis has created enduring challenges for financial institutions nationwide. From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise (BEC) attacks, financial crime management teams are... |
BlogEconomic Stimulus Payments Targeted by FraudstersMay 8, 2020 by Verafin “The CARES Act… together with three related pieces of pandemic relief legislation represent at least $2.4 trillion in aid and presents unparalleled opportunities to assist those in greatest need... |
BlogTaking Quick Action Against COVID-19 CrimesMay 4, 2020 by Verafin Financial crime has proven to be a serious and growing challenge during the COVID-19 crisis. Fraudsters have promptly exploited the pandemic for their gain; with many financial institutions closed... |
Blog“Tell Me About Yourself.” Employment Scammers Targeting PIIFebruary 27, 2020 by Verafin “While hiring scams have been around for many years, cyber criminals’ emerging use of spoofed websites to harvest [personally identifiable information] (PII) and steal money shows an increased level... |
BlogMachine Learning: Higher Performance Analytics for Lower False PositivesAugust 2, 2019 by Verafin Faced with mounting compliance costs and regulatory pressures, financial institutions are rapidly adopting Artificial Intelligence (AI) solutions, including machine learning and robotic process automation (RPA) to combat sophisticated and... |
Case StudyRich Data Approach Provides Rich Rewards for Fraud TeamDigital Federal Credit Union (DCU) • Location: Marlborough, MA Assets: $10.4B • Core Banking System: Fiserv – XP2 “Within the first couple of alerts in Verafin, we were already... |
Case StudyProtecting the Vulnerable at a Confluence of CrimeCommunity First Credit Union • Location: Jacksonville, FL Assets: $2B • Core Banking System: Symitar Episys “The advanced nature of Verafin’s software and their dedication to staying ahead of criminal... |
SolutionFraud ManagementFraud Detection and Management > Fraud Management Request a Demo Fraud continues to plague financial institutions (FIs). It is a constantly evolving threat, with criminals always probing to find an... |
