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End-to-End High-Risk Customer Management & CDD/EDD

High-risk customer management is a significant challenge, as financial institutions must balance the needs of their business and customers with heightened regulatory expectations for customers in high-risk categories. These challenges are exacerbated by conventional Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) approaches that result in process inefficiencies, increased costs, and potential gaps in compliance programs. In […]

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Wire Payee Risk Analysis

Conventional fraud detection approaches focus primarily on high-value wires, international transfers, or new beneficiaries resulting in a large volume of false positive alerts and increased callbacks and friction for customers. Verafin’s Wire Fraud solution reduces false positives by up to 75% by leveraging targeted agents with cross-institutional payee risk analysis, powered by our big data […]

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Wire Payee Risk Analysis

Conventional fraud detection approaches focus primarily on high-value wires, international transfers, or new beneficiaries resulting in a large volume of false positive alerts and increased callbacks and friction for customers. Verafin’s Wire Fraud solution reduces false positives by up to 75% by leveraging targeted agents with cross-institutional payee risk analysis, powered by our big data […]

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Currency Transaction Reporting with Verafin

Currency Transaction Reports (CTRs) are commonplace in the financial industry — but creating and filing these reports is a tedious but essential regulatory requirement. As compliance demands grow, more and more credit unions are adopting automated solutions to streamline the currency transaction reporting process while saving time and resources. In this engaging demo, Product Expert […]

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Real-time Detection for Payments Fraud

Fraudsters will use every available channel to target your institution, including exploiting the speed and convenience of ACH and wire transfers for their schemes. From irrevocable and high-value wires to multiple ACH transfers slightly beneath your institution’s reporting threshold, the potential for loss is extreme. Join us for an engaging demonstration of payments fraud challenges […]

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Verafin’s Consolidated Financial Crime Management Platform

Verafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using the Jack Henry SilverLake core to strengthen compliance and combat evolving financial crimes. Using artificial intelligence and highly-targeted analytical agents, as well as cross-institutional analysis and collaboration through the Cloud, Verafin provides financial institutions with higher-quality alerts, expedites investigations, and drives […]

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Verafin’s Consolidated Financial Crime Management Platform

Verafin’s industry-leading enterprise Financial Crime Management platform leverages artificial intelligence and machine learning in highly targeted fraud and money laundering analytics. Verafin imports an immense data set from multiple sources and analyzes a billion transactions each week in the Verafin Cloud, delivering targeted agents that help you effectively combat financial crime and comply with regulations. Our unique […]

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Verafin’s Consolidated Financial Crime Management Platform

Verafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using the Fiserv Premier core to strengthen compliance and combat evolving financial crimes. Using artificial intelligence and highly-targeted analytical agents, as well as cross-institutional analysis and collaboration through the Cloud, Verafin provides financial institutions with higher-quality alerts, expedites investigations, and drives richer, more detailed […]

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Reduce Losses & Improve Visibility with Consolidated Fraud Detection & Management

Financial institutions are facing significant challenges in combating increasing and ever-changing fraud scams. Using multiple fraud detection systems across siloed fraud and operational teams makes detecting fraudulent activity, managing alert volume and reporting losses extremely challenging and can result in an overall lack of visibility into the full scope of fraud occurring at your institution. […]