Page2024 Canadian Financial Crime Trends & TechnologyLast year, nearly $47 billion in illicit funds flowed through the Canadian financial system, fueled by predicate crimes for money laundering, along with billions of dollars in fraud. What is on the horizon next year across the Canadian financial crime landscape? In this session, Product Expert Corey Lynch as discusses key Canadian trends in AML […] |
PageArtificial Intelligence: Enabling a Step Change in Fighting Financial CrimeGlobally, the financial industry is fighting a $3.1 trillion financial crime problem amid rising operational costs and evolving criminal activity. As pressure mounts, innovating with artificial intelligence (AI) is key for financial institutions to increase efficiency and enable a step change in fraud prevention and AML/CFT capabilities. In this special event, industry experts Rob Norris, […] |
PageCheck Fraud: Solving Complex TypologiesNasdaq Verafin provides financial institutions with an enhanced in-clearing check process, combining known customer information and behaviors with deposit-side risk. The result — a complete check fraud solution with fewer false positives and superior detection, even for the most challenging typologies. Using consortium counterparty data and machine learning analytics, our approach brings together a complete […] |
PageTransforming Predicate Crime Detection: An Expert ConversationLast year, trillions of dollars in illicit funds flowed through the financial system, fueled by human trafficking, terrorist financing, drug trafficking and fraud. With FinCEN’s AML/CFT National Priorities stressing the fight again this global threat, effectively detecting and disrupting predicate crimes for money laundering is imperative. This on-demand Webinar features a special panel discussion on […] |
PageACH Fraud: Navigating NACHA’s New Detection RulesLast year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment (APP) scams cause concern in the financial industry, NACHA has issued new rules to strengthen their network against these scams […] |
PageSolving Complex Check Fraud with VerafinFinancial institutions need a check fraud solution that is continuously improving. Disparate solutions can be effective for different typologies – but no single approach can tackle all the challenges of check fraud faced by financial institutions today, especially for stolen checks that are washed or altered. Solving these forms of complex check fraud requires a […] |
PageThe Scale and Impact of $3 Trillion in Financial CrimeOver $3.1 trillion in illicit funds flowed through the global financial system last year and fraud reached nearly a half a trillion dollars in losses. In this special recording, industry experts Daniel Tannebaum, Oliver Wyman; Timea Nagy, global advocate, Jim Richards of RegTech Consulting join Brendan Brothers, EVP, Nasdaq Anti-Financial Crime and co-Founder of Verafin […] |
PageCanadian Financial Crime Trends & Technology: Year in ReviewEvolving fraud threats, AML regulatory considerations and emerging financial crime management innovations have made 2023 a significant year for Canadian financial institutions. With 2024 fast approaching, the new year will bring new challenges and important opportunities for financial institutions from coast to coast. Watch this webinar replay to see Verafin’s Product Expert Bill Heys with […] |
PageFaster Payments: Preparing to Scale and Respond to New Fraud RisksThe faster era of payments is underway, bringing great opportunity with TCH RTP ® and FedNowSM Service, but also significant risk. As these emerging payment rails mature and use cases grow, so too will fraud, and a solution that can scale effectively and efficiently is essential. To adopt these new channels with confidence, financial institutions need an effective, […] |
PageSolving Check FraudAs check use declines, check fraud is surging. Fraudulent checks are challenging the financial industry, and no single approach can counter the complexities and varieties of check fraud scams. Verafin improves check fraud detection by combining behavioral evidence with consortium insights. Our approach leverages customer-driven and machine learning analytics with an anonymized consortium data […] |
