Verafin
HQ Address
18 Hebron Way, St. John's, NL A1A 0L9, Canada
Website Address
Business introduction
The industry's leading Financial Crime Management platform, providing cloud-based software to financial institutions
Today Verafin is one of the North American leaders in fraud detection and AML software
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 Secure 314(b) Information Sharing. More than 2600 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. Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, Florida Bankers Association, Illinois Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, with industry endorsements in 47 U.S. states.
Verafin Solutions
FRAML
FRAML is a consolidated approach to fraud detection and anti-money laundering (AML) that helps reduce your costs while improving your efficiency. There is inherent overlap between fraudulent and money laundering activity — so why analyze and investigate it separately?...
business needs
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FRAMLx
What is FRAMLx? FRAMLx is the next innovation in fraud and money laundering detection through collaboration and cross-institutional analysis. Enabled by the Verafin Cloud, FRAMLx expands an institution’s limited view of customer behavior and activity using advanced cross-institutional detection and the power of 314(b) collaboration....
business needs
view solutionFRAMLxchange
What is the FRAMLxchange collaboration network? The FRAMLxchange secure 314(b) collaboration network offers secure, online collaboration between financial institutions. Users of this service who are signed up for 314(b) can invite other 314(b) contacts to collaborate securely through the Verafin application....
