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 […]

Verafin’s Consolidated Financial Crime Management Platform

From plotting sophisticated fraud schemes to outsmarting BSA reporting requirements, today’s criminals pose an increasing threat to financial institutions and their customers. Nefarious criminal activities have rendered traditional approaches to financial crime management largely ineffective — institutions must take decisive action with cloud-based solutions that evolve alongside criminal activities and provide holistic, cross-channel insights to […]

Verafin’s Consolidated Financial Crime Management Platform

Verafin is the industry’s leading Financial Crime Management platform, trusted by nearly 170 financial institutions using FIS 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 provides rich, […]

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 […]

Human Trafficking Detection with Targeted Analytics

Financial institutions have a critical role to play to uncover human trafficking activity and protect victims of this heinous crime. Verafin’s Financial Crime Management platform incorporates third-party and open-source data to enrich its targeted AML agents, including analysis of millions of adult online advertisements for human trafficking detection. By cross-referencing emails and phone numbers in […]