verafin.comVerafin: Financial Crime Management Solutions for Financial Institutions

Important information about 2020 Verafin Tour Regional Seminars Blog Community Login Request a Demo Careers Contact Toggle navigation Products PRODUCTS Fraud Detection and Management BSA/AML Compliance and Management High-Risk Customer Management Information Sharing LEARN MORE Why Choose Verafin? All Products & Solutions SOLUTIONS Fraud Detection Deposit Fraud Check Fraud Wire Fraud ACH Fraud Online Account Takeover Card Fraud Loan Fraud Fraud Management Anti-Money Laundering​ Cross-Institutional Analysis Money Laundering Detection Funnel Accounts Human Trafficking Terrorist Financing Unusual Tax Refund High-Risk Customer Management High-Risk Customer Segmentation Risk Stratification Enhanced Due Diligence High-Risk Customer Surveillance BSA Compliance​ & Process Automation CDD/EDD CTRs SARs Watch List Scanning Case Management Enterprise Reporting Vendor Management Front-Line Functionality Resources Resource Center Blog News & Events All Upcoming Events Conferences and Seminars Verafin at Industry Events News About Us The Verafin Story Careers Leadership Board of Directors Endorsements Contact BIG DATA INTELLIGENCE • VISUAL STORYTELLING • COLLABORATIVE INVESTIGATIONS The industry's leading Financial Crime Management platform The industry's leading Financial Crime Management platform Verafin's cloud-based cross-institutional software is used by nearly 3000 financial institutions to fight financial crime and strengthen regulatory compliance. Request a Demo Why Choose Verafin? What is Verafin? With fraud and money laundering alerts, end-to-end due diligence solutions, robust case management functionality, automated regulatory reporting, and the ability to share information with other institutions, Verafin’s cloud-based, consolidated Financial Crime Management platform provides financial institutions with a complete solution to detect, investigate and report financial crime. Criminals perform illicit activity across multiple transaction channels and numerous financial institutions. Verafin uses artificial intelligence and machine learning for cross-institutional, multi-channel analysis to show you truly unusual activity with a single alert, saving you time and providing you with the information you need to decide how to proceed. Verafin’s approach includes big data intelligence, visual storytelling and collaborative investigations to help institutions stay a step ahead of regulatory change and financial crime. View Product Brochure OR Request a Custom Demo Solutions FRAUD DETECTION AND MANAGEMENT Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers. Deposit Fraud Check Fraud Wire Fraud ACH Fraud Online Account Takeover Card Fraud Loan Fraud Fraud Management BSA/AML COMPLIANCE AND MANAGEMENT Verafin provides artificial intelligence and machine learning to give you the ability to quickly uncover illicit activity, along with solutions to strengthen your end-to-end BSA/AML compliance program. Cross-Institutional Analysis Money Laundering Detection Funnel Accounts Human Trafficking Terrorist Financing Unusual Tax Refund HIGH-RISK CUSTOMER MANAGEMENT Our intelligent risk categorization approach identifies, segments, stratifies and actively monitors ongoing high-risk customer activity. This enables BSA/AML professionals to perform powerful and efficient ongoing due diligence that is in line with the true risk the customer poses to the institution. High-Risk Customer Segmentation Risk Stratification Enhanced Due Diligence High-Risk Customer Surveillance Verafin's Financial Crime Management platform also includes: CDD/EDD CTRs SARs Watch List Scanning Case Management Enterprise Reporting Vendor Management Front-Line Functionality > Information Sharing ADVANCED VISUALIZATIONS Geographic Maps Check Images Relationship Graphs Approach Verafin streamlines the investigation process by significantly reducing false positives and delivering insights through enhanced data analysis and innovative visualization tools. Big Data Intelligence Reduce false positives, increase the quality and accuracy of your alerts, and strengthen crime ring investigations with big data intelligence in the Verafin Cloud. Verafin imports and analyzes an immense amount of information from multiple sources, including core system, ancillary source, open-source, third-party, and consortium data. We then apply cross-institutional analysis and machine learning technology to analyze billions of transactions, ensuring best-in-class performance. Visual Storytelling Expedite your investigations and create richer, more detailed reports with Verafin’s unique visual storytelling capabilities. You are presented with smart evidence and investigation tools, such as risk-rated evidence, check image viewer, balance charts, geographic maps, and interactive relationship graphs. By providing targeted alerts packaged with supporting information and evidence, Verafin saves time and resources in every investigation. Collaborative Investigations Work together to create a complete picture of financial crime by sharing information in Verafin’s secure environment. Combining the power of cross-institutional analysis in the Verafin Cloud with 314(b) information sharing tools strengthens investigations into crimes spanning multiple institutions, improves the efficiency of your investigations, and provides richer reporting to law enforcement. WHY CHOOSE VERAFIN Our Approach Innovation Expertise & Experience Commitment to Customer Success Learn More INSIGHTS FOR INVESTIGATIONS Flow of Funds Visualization More Verafin Features Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more > Automated Regulatory Reporting. Verafin brings increased efficiency and confidence to the regulatory reporting process by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More About CTRs > Learn More About SARs > Integrated Case Management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn More > Upcoming Events Verafin Tour Verafin Tour February 18 at 08:00 AM - June 18 at 03:00 PM Fraud Trends & BSA/AML Hot Topics + Go To Event Demo End-to-End High-Risk Customer Management & CDD/EDD March 11 at 12:30 PM - 01:30 PM EST How effective is your institution’s high-risk customer management program? From identification to assessment, to continuous review and monitoring — current approaches to CDD/EDD for high-risk customers ... + Go To Event Demo Preventing Losses from Check Kiting and Check Fraud Schemes March 18 at 12:30 PM - 01:30 PM EST Fraudsters are using tried-and-true methods to perpetrate fraud. From stolen check books to kiting schemes, in-clearing or on-us check fraud remains a significant challenge for ... + Go To Event Webinar Elder Financial Abuse March 25 at 12:30 PM - 01:30 PM EST Elder financial abuse is a significant and growing problem that has devastating effects on individuals and families. Believed to be largely underreported — financial institutions ... + Go To Event Demo BSA/AML Compliance, Fraud Detection & High-Risk Customer Management April 01 at 12:30 PM - 01:30 PM EST Today’s criminals do not limit their illicit activities to a single financial institution. More and more, multiple institutions are targeted for increasingly complex financial crimes. ... + Go To Event Demo Real-time Detection for Payments Fraud Ap...