BSA/AML Compliance and Management

Manual 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 […]

Streamlining 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 financial institutions are adopting automated solutions to streamline the currency transaction reporting process while saving time and resources. Join Product Expert Corey Lynch for […]

Sanctions Screening & Management

Financial institutions are facing increasingly complex sanctions compliance regulations and expectations — and these challenges are often exacerbated by manual records management, out-of-date watchlists, high volumes of false positive alerts, and disparate systems. Amid this evolving landscape, a robust sanctions management program is essential to avoid reputational damage, civil penalties, and unsatisfactory regulatory examinations. Join […]

Preventing Losses from Check Kiting and Check Fraud Schemes

Fraudsters are using tried-and-true methods to perpetrate fraud. From stolen check books and near-perfect counterfeits to elaborate kiting schemes, in-clearing or on-us check fraud remains a significant challenge for financial institutions. As losses continue unabated, many fraud teams have to rely on first-generation rules-based systems and manual processes to try to mitigate the risk of […]

BSA/AML Compliance, Fraud Detection & High-Risk Customer Management

Mitigating and Managing Deposit Fraud Losses

Financial institutions across the country are facing an increasing number of deposit fraud attacks as criminals take advantage of the anonymity and convenience of ATM and mobile channels. Meanwhile, consumers are increasingly falling victim to fraud scams, which can have significant emotional and financial effects. Leveraging big data intelligence, Verafin applies machine learning and targeted, […]

Online Account Takeover: Detecting Fraud in a Digital Age

Online customer accounts are a serious target for sophisticated criminals looking to commit unauthorized transfers and harvest data to perform numerous types of fraud. With their ability to be accessed from anywhere with a large degree of anonymity, these online accounts are ideal targets for criminals. Once they have compromised an account or opened a […]

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. Join […]

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 […]

Verafin’s Consolidated Financial Crime Management Platform

Verafin is the industry’s leading Financial Crime Management platform, trusted by over 600 financial institutions using Jack Henry cores 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 […]