Nasdaq Verafin

Nasdaq Verafin offers a broad suite of financial crime management solutions, including fraud detection, anti-money laundering (AML) and high-risk customer management. With data from hundreds of institutions in the cloud, Verafin's consortium approach helps to strengthen security and improve efficiency.

Among Nasdaq Verafin's features are:

• Fraud Detection: Uses machine learning and consortium analytics to spot unusual payment patterns, including checks, wires, ACH and real-time payments.
• AML/CFT Management: Helps with regulatory compliance through targeted analytics and integrated case management for money laundering, structuring, human trafficking and terrorist financing.
• High-Risk Customer Management: Improves due diligence with automated segmentation, risk stratification and surveillance of high-risk customers.
• Secure 314(b) Information Sharing: Enables collaborative investigations and information sharing among financial institutions.

Nasdaq Verafin's solutions are designed to help financial institutions prevent fraud and meet compliance obligations. By using advanced analytics and AI, the platform reduces false positives, streamlines investigations and improves regulatory reporting.

The platform is designed for a variety of customers, including financial institutions and credit unions, and offers a comprehensive set of tools to help them improve their financial crime management. Pricing isn't disclosed, but interested parties can request custom demos to see how the platform works and assess its fit for their needs.

Published on July 2, 2024