Guarding the Golden Years Part 2: Effectively Detecting Elder Financial Exploitation

February 13, 2025 by Nasdaq Verafin

Elder financial exploitation (EFE) is a heinous crime, capitalizing on the vulnerabilities of older adults with limited technological knowledge and readily available liquid assets. In a recent Interagency Statement, FinCEN and other agencies are urging financial institutions to take action... 

A More Efficient Process

PrimeTrust Federal Credit Union  •  Headquarters: Muncie, IN Assets: $144M*  •  Core Banking System: Jack Henry – Symitar Episys “The training we received was amazing. The... 

Conduits of Crime: Detecting and Preventing Money Mules

March 12 at 12:30 PM - 01:30 PM EST

Money mules enable the flow of $3.1T in illicit funds through the global financial system. Whether career criminals or unsuspecting victims, money mules help hide... 

Fraud Detection and Management Overview – Canada

As financial crime continues to evolve, Canadian financial institutions must find ways to improve fraud detection and ensure efficiency across fraud management and compliance efforts.... 

Elder Financial Exploitation

March 05 at 12:30 PM - 01:30 PM EST

Vastly underreported, elder financial exploitation (EFE) impacts countless elderly Americans each year and is a growing concern. Victims can lose their savings and investments –... 

A Proven Solution to Authorised Push Payment Fraud (UK)

Nasdaq Verafin provides holistic protection against payment fraud, including Authorised Push Payment (APP) scams, while significantly reducing false positives. Nasdaq Verafin uses a massive consortium... 

Frequently Asked Questions about the FRAMLxchange

Nasdaq Verafin provides 314(b) Information Sharing technology for institutions that are members of the FRAMLxchange, the industry’s largest network of 314(b)-registered institutions. FRAMLxchange is registered... 

Deepfakes Empower Authorized Push Payment Scams

December 10, 2024 by Nasdaq Verafin

In an increasingly digital world, technology has made life more convenient — and created opportunities for sophisticated fraud. Deepfake technology is a prime example — so much so that FinCEN is warning financial institutions of its rising use in scams... 

Virtual Kidnapping: Protecting Payments in AI-Enabled Extortion

December 2, 2024 by Nasdaq Verafin

“The internet never forgets.” This warning from the U.S. Army Reserves is a stark reminder that online activities create an unerasable trail of information. In a digital age where most Americans spend countless hours on social media, the sheer availability... 

Wire Fraud

Wire fraud is a growing threat for financial institutions – as fraud schemes continue to evolve and become more sophisticated, with high-value, irrevocable transfers at...