Why Choose Verafin?
Big Data Intelligence • Visual Storytelling • Collaborative Investigations
Verafin is the industry leader in Financial Crime Management solutions, providing financial institutions with a cloud-based software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management, and Information Sharing. From investigators and senior management, to deposit operations, collections and front-line staff — Verafin can help all areas of your institution combat financial crime.
“With Verafin, we have everything we need. Everything is in one place, so we can get a full 360-degree view of transactions and risky behavior. It is a true financial crime management system, from seeing the alerts to managing the case.”
DIGITAL FEDERAL CREDIT UNION • MA • Assets: $8.6B
At Verafin, we help financial institutions fight crime by delivering targeted models for BSA/AML compliance, fraud detection and high-risk customer management through a customer-driven development process. Verafin’s development teams work closely with financial institution partners to quickly develop, enhance and deploy cutting-edge analytical models to uncover advanced suspicious activity.
“Partnering with Verafin has made a huge impact for us over the years. They take such great care in developing analytics and their use of beta testing with customers means these alerts are incredibly accurate. I know that when an alert fires — we need to pay attention.”
A MIDWESTERN STATE BANK
EXPERTISE & EXPERIENCE
Since 2003, Verafin has grown to be the industry leader in Financial Crime Management for financial institution customers in North America and is widely endorsed by industry associations. Combining our expertise with the data power of the Verafin Cloud allows us to build, enhance and deliver targeted models to quickly spot and alert you to financial crime risk.
“The increasing sophistication of the ‘bad guys’ creates a growing challenge for banks of any size to recognize fraudulent and money laundering activity. We can no longer effectively or efficiently download daily activity to a spreadsheet and expect to catch the creative criminals. Verafin’s FRAML and FRAMLx not only give you a holistic view and behavioral analysis of your clients within your bank, it also allows you to view activity from your client among collaborative institutions.”
TEXAS BANKERS ASSOCIATION • TX
COMMITMENT TO CUSTOMER SUCCESS
At Verafin we want our customers to succeed. We are committed to working together to fight financial crime, and we are available to help you, through various channels, every step of the way.