Nasdaq Verafin
Nasdaq Verafin provides cloud-based software for fraud detection and anti-money laundering compliance.
- Categories
- Fraud and payment fraud prevention
- Based in
- St. John's, Canada
- Ownership
- Owned by Nasdaq since 2021
About Nasdaq Verafin
Nasdaq Verafin provides financial crime management software to banks and credit unions. Its cloud-based platform helps institutions detect fraud, meet anti-money laundering rules, manage high-risk customers, screen sanctions and share information. The company says more than 2,800 customer partners contribute to its consortium approach, which integrates and enriches data from hundreds of sources and thousands of institutions. The platform uses artificial intelligence and machine learning to analyse transactions and alerts. It offers modules for fraud detection, AML/CFT compliance, high-risk customer management, sanctions screening and information sharing. It also provides an Agentic AI Workforce, a suite of role-based AI analysts that automate workflows such as alert triage, case investigations and regulatory reporting. These analysts can be embedded in the Nasdaq Verafin platform or overlaid on third-party systems. Nasdaq Verafin serves financial institutions of all sizes, including banks and credit unions in the United States, Canada and Europe.
Products
- Agentic AI WorkforceA suite of role-based AI analysts that automate anti-financial crime workflows such as alert triage and case investigations.
- Fraud Detection and ManagementA module for detecting and managing fraud across multiple payment channels.
- AML/CFT Compliance and ManagementA module for anti-money laundering and counter-terrorist financing compliance.
- High-Risk Customer ManagementA module for segmenting, stratifying and surveilling high-risk customers.
- Sanctions Screening and ManagementA module for screening customers against sanctions lists.
- Information SharingA module for sharing information among institutions.