PageMitigating and Managing Deposit Fraud LossesDespite the decreasing use of checks as a preferred financial method for transactions, institutions across the country are facing an increasing number of deposit fraud attacks. Criminals are exploiting security gaps in the checking process for their own gain, as well as the anonymity and the convenience of ATM and mobile deposit channels. Leveraging big […] |
PageWire Payee Risk AnalysisConventional 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 […] |
PageVerafin Financial Crime Management — iCore360Verafin is the industry’s leading Financial Crime Management platform, trusted by financial institutions using iCore360 core banking systems to strengthen compliance and combat evolving financial crimes. With efficient and effective automated solutions and nearly 20 years experience in the industry, Verafin brings increased confidence to your financial crime management and compliance programs. In this demo, […] |
PageBSA/AML Compliance and ManagementManual processes, siloed teams and rules-based legacy systems are exacerbating compliance challenges for many institutions across the financial industry. With mounting pressure from sophisticated financial crimes and changing regulatory requirements, managing daily compliance tasks and uncovering suspicious activity without an efficient and effective BSA/AML solution can result in strained compliance programs, increased operational costs, and […] |
PageEnd-to-End High-Risk Customer Management & CDD/EDDHigh-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 […] |
PageWire Payee Risk AnalysisConventional 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 […] |
PageWire Payee Risk AnalysisConventional 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 […] |