Verafin

A step ahead.

Who is Verafin?

Verafin is the industry leader in enterprise financial crime management, providing a cloud-based, secure software platform for fraud detection and management, BSA/AML compliance and management, high-risk customer management and information sharing. More than 1,200 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 reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Verafin has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.

How a strategic alliance with Verafin benefits credit unions

Verafin’s cloud-based, consolidated financial crime management platform provides credit unions with a complete solution to detect, investigate and report financial crime. To do so, Verafin uses fraud and money laundering alerts, end-to-end due diligence solutions, robust case management functionality, automated regulatory reporting and cross-institutional information sharing. Their approach includes big data intelligence, visual storytelling and collaborative investigations to help institutions stay a step ahead of regulatory change and financial crime.

Why choose Verafin 

The Approach

From investigators and senior management, to deposit operations, collections and front-line staff — Verafin can help all areas of your institution combat financial crime. They are the industry leader in financial crime management solutions, providing financial institutions with a cloud-based software platform for fraud detection and management, BSA/AML compliance and management, high-risk customer management and information sharing. 

Innovation

Verafin helps financial institutions fight crime by delivering targeted models for BSA/AML compliance, fraud detection and high-risk customer management through a customer-driven development process. Verafin’s development teams work closely with financial institution partners to quickly develop, enhance and deploy cutting-edge analytical models to uncover advanced suspicious activity.

Expertise and Experience

Since 2003, Verafin has grown to be the industry leader in financial crime management for financial institution customers in North America and is widely endorsed by industry associations. Combining their expertise with the power of the Verafin Cloud they can build, enhance and deliver targeted models to quickly spot and alert you to financial crime risk.

Commitment to Customer Success

Verafin is committed to working together to fight financial crime. They’re available to help you, through various channels, every step of the way.

Connect with Verafin 

Talk to one of our CUNA Strategic Services alliance managers to learn more about Verafin. We’ll help you identify and evaluate the best solution for your credit union. 

Verafin has exclusive pricing and solutions reserved for CUNA Strategic Services and the credit unions and leagues we work with.