Verafin
The industry's leading Financial Crime Management platform.
Overview
Verafin provides a cloud-based, secure software platform for Fraud Detection and Management, AML/CFT Compliance and Management, High-Risk Customer Management, and Information Sharing. Leveraging a large consortium data set, Verafin uses advanced analytics and artificial intelligence to help financial institutions fight financial crime.
✨ Key Features
- Fraud Detection and Management
- AML/CFT Compliance
- High-Risk Customer Management
- Sanctions Screening
- Information Sharing (Verafin InfoShare)
- Consortium Analytics
🎯 Key Differentiators
- Large consortium dataset for cross-institutional analysis
- Focus on collaborative investigation and information sharing
- Strong presence in the mid-market banking and credit union sector
Unique Value: Provides a collaborative platform that leverages a vast consortium dataset to uncover financial crime more effectively than any single institution could alone.
🎯 Use Cases (3)
✅ Best For
- Cross-institutional financial crime detection
- AML compliance for mid-sized banks and credit unions
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Very small financial institutions with limited budgets
🏆 Alternatives
Offers unique cross-institutional insights through its consortium data, which is a significant advantage over siloed solutions.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (All tiers tier)
🔒 Compliance & Security
💰 Pricing
🔄 Similar Tools in AML Compliance
ComplyAdvantage
A global technology company transforming financial crime detection....
Chainalysis
Provides blockchain data and analysis to government agencies, exchanges, and financial institutions....
Feedzai
Provides a single platform to manage financial crime risk....
NICE Actimize
Provides financial crime, risk, and compliance solutions for financial institutions....
LexisNexis Risk Solutions
Provides data and analytics for risk management and fraud prevention....
Fenergo
Provides Client Lifecycle Management (CLM) software for financial institutions....