Event

November 19 at 12:30 PM - 01:30 PM

Verafin’s Consolidated Financial Crime Management Platform

Exclusively for institutions on FIS core banking systems

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, more detailed reporting.

Join us for an overview of our Financial Crime Management platform, exclusively for institutions using FIS cores. In this special event, expert presenters will illustrate our proven integration with your core banking system and highlight key features of Verafin, such as:

  • End-to-end High-Risk Customer Management and Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) including an Account Opening Questionnaire; high-risk customer identification and segmentation; automated risk-review workflows; and stratified, configurable risk models for high-risk customers.
  • Targeted AML scenarios including structuring, international activity, terrorist financing, human trafficking and funnel accounts.
  • Targeted Fraud scenarios including first-party deposit fraud, deposit fraud scams, online account takeover, wire and ACH fraud, debit card fraud, loan fraud and elder financial abuse.
  • Risk-rated alerts enriched with data from your FIS core, along with third-party, open-source and cloud-based data.
  • Visual storytelling to provide you with more information at your fingertips, help you expedite investigations and strengthen reporting.
  • Cross-institutional analysis and 314(b) Information Sharing that facilitates collaborative investigations between 314(b)-registered institutions.
  • Complete BSA/AML Compliance and Management with process automation, including regulatory reporting for SARs and CTRs, OFAC/Watch List scanning, Case Management, Enterprise Reporting, etc.

Verafin is proud to be the endorsed provider of Financial Crime Management software for the Western Bankers Association, Texas Bankers Association, Florida Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, and has industry endorsements in 48 states across the U.S.

Verafin is the industry leader in financial crime management solutions, providing a cloud-based cross-institutional software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and 314(b) Information Sharing. Nearly 3000 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today.

Tagged as...

  •   314(b) Information Sharing
  •   BSA/AML Compliance
  •   FRAML
  •   Fraud
  •   High-Risk Customer Management