Nasdaq Verafin
Financial Crime Management Solutions
Overview
Nasdaq Verafin provides a comprehensive suite of cloud-based financial crime management solutions to financial institutions. Their platform uses artificial intelligence and machine learning to help detect, investigate, and report a wide range of financial crimes, including wire fraud, money laundering, and human trafficking. A key aspect of their solution is the use of consortium data to enhance detection capabilities.
✨ Key Features
- Wire Fraud Detection
- AML/CFT Compliance
- Consortium Data Analytics
- Behavioral Analytics
- Cross-channel Fraud Detection
- Case Management and Reporting
🎯 Key Differentiators
- Unique consortium data set from over 2600 financial institutions.
- Cloud-native platform.
- Focus on collaboration and information sharing.
Unique Value: Provides powerful insights into financial crime by leveraging a unique consortium dataset, enabling more effective fraud detection and AML compliance.
🎯 Use Cases (3)
✅ Best For
- Financial crime management for banks and credit unions of all sizes.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Non-financial institutions
🏆 Alternatives
Offers enhanced detection capabilities through its consortium data approach, which provides a broader view of transactional data than single-institution solutions.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
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