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What is Nasdaq Verafin?

Nasdaq Verafin stands at the forefront of financial crime prevention by combining AI-driven technology with a collaborative consortium approach to deliver unmatched fraud detection and AML compliance. The platform addresses a wide spectrum of financial crimes including payments fraud, check fraud, wire fraud, online account takeovers, and loan fraud by analyzing over 1.1 billion transactions weekly from hundreds of sources. Its powerful consortium analytics enable institutions to pool their data, uncover hidden patterns, and detect fraud more accurately than isolated systems. Verafin’s suite of products also supports high-risk customer management, sanctions screening, and government benefits fraud detection, making it an all-encompassing solution for risk mitigation. Notably, the platform helped a major U.S. financial institution prevent nearly $10 million in potential fraud in just two months, showcasing its impact. Nasdaq Verafin also actively educates the financial community with reports, webinars, and eBooks on cutting-edge threats like human trafficking and emerging payment fraud trends. Industry recognition, such as the Chartis Risk Tech 100 award, highlights its innovative technology and market leadership. Their AI capabilities improve investigative workflows and reduce manual effort, which is critical as fraud schemes become more complex. Nasdaq Verafin continuously evolves its solutions to tackle new fraud typologies, including application fraud, cybercrime, and mule account detection. This dedication to innovation and collaboration makes Nasdaq Verafin a trusted partner for institutions looking to protect their assets and maintain regulatory compliance.

What is DataVisor?

Elevate your fraud detection strategies and minimize financial losses by implementing an all-encompassing AI-powered solution that seamlessly combines diverse rules and multiple machine learning approaches to enhance detection effectiveness without adding complications. Leverage automated investigation tools equipped with sophisticated analytics and visual insights to enable prompt decision-making and swift responses. Effortlessly maintain transparency and meet compliance standards with convenient one-click reporting functionalities. Protect your business's growth trajectory and the introduction of new offerings by utilizing a flexible and open platform that supports expansion across various business units and diverse applications. This robust suite of solutions, crafted with a cloud-first mentality, is designed to manage large volumes of digital data in real time, thereby improving detection accuracy and enabling rapid responses to emerging fraud threats within a cohesive, multi-tenant enterprise setting. Furthermore, the platform's inherent flexibility guarantees it can adapt to evolving market trends, equipping businesses with essential tools to remain competitive and proactive in the face of potential challenges. By investing in this innovative solution, organizations can foster resilience and ensure sustainable growth in an ever-changing landscape.

Media

Media

Integrations Supported

FPS GOLD Banking Software

Integrations Supported

Galileo

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Nasdaq

Date Founded

1971

Company Location

United States

Company Website

verafin.com

Company Facts

Organization Name

DataVisor

Date Founded

2013

Company Location

United States

Company Website

www.datavisor.com

Categories and Features

AML

Behavioral Analytics
Case Management
Investigation Management
SARs

Check Fraud

Not specified

Fraud Detection

Not specified

Categories and Features

AML

Not specified

Check Fraud

Not specified

Fraud Detection

Not specified

KYC

Not specified

RegTech

Not specified

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