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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 Ellisphere?

Ellisphere serves as an advanced digital platform designed for business intelligence and data analytics, providing organizations with comprehensive insights into their customers, suppliers, potential clients, and business partners to guide strategic decision-making. It compiles, organizes, and analyzes a wide range of economic, legal, financial, and non-financial information from various sources, producing reliable insights about millions of companies worldwide. By offering a robust suite of information services and analytical tools, Ellisphere enables businesses to evaluate the financial health, credit reliability, and trustworthiness of other enterprises, thus helping them make educated choices regarding the initiation or continuation of business relationships. Additionally, its integrated solutions encompass pivotal functions such as data marketing, risk management, and compliance, empowering organizations to uncover new prospects, monitor customer interactions, and maintain adherence to critical regulations like anti-money laundering, corruption prevention, and Know Your Customer (KYC) standards. This holistic methodology not only improves operational efficiency but also promotes sustainable growth by ensuring that corporate decisions are firmly rooted in dependable data. As a result, organizations using Ellisphere can navigate the complexities of the business landscape with greater confidence and foresight.

Media

Media

Integrations Supported

FPS GOLD Banking Software

Integrations Supported

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

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Nasdaq

Date Founded

1971

Company Location

United States

Company Website

verafin.com

Company Facts

Organization Name

Ellisphere

Company Location

France

Company Website

www.ellisphere.com

Categories and Features

AML

Behavioral Analytics
Case Management
Investigation Management
SARs

Check Fraud

Not specified

Fraud Detection

Not specified

Categories and Features

B2B Data

Not specified

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