Nasdaq 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 Nasdaq Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Nasdaq Verafin reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Nasdaq has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.
How a strategic alliance with Nasdaq Verafin benefits credit unions
Nasdaq 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, Nasdaq 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 Nasdaq Verafin
The Approach
From investigators and senior management, to deposit operations, collections and front-line staff — Nasdaq 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
Nasdaq 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. Nasdaq 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, Nasdaq 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 Nasdaq Verafin Cloud they can build, enhance and deliver targeted models to quickly spot and alert you to financial crime risk.
Commitment to Customer Success
Nasdaq 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 Nasdaq Verafin
Talk to one of our CUNA Strategic Services alliance managers to learn more about Nasdaq Verafin. We’ll help you identify and evaluate the best solution for your credit union.
Nasdaq Verafin has exclusive pricing and solutions reserved for CUNA Strategic Services and the credit unions and leagues we work with.
resource guides
Understanding Fraud Schemes & Scams
A guide to common scenarios used by fraudsters to victimize your members.
on-demand webinar
CSS Webinar Series: Safeguarding Your Credit Union’s Future (Beating Fraudsters at Their Own Game)
Learn how to protect your members from fraud at the transactional level and how to prevent further negative impact in the event a member is impacted by fraud.
infographics
The Evolution of Instant Payments
Payments fraud is a continuing concern for the financial industry. As instant payments become more popular, is your credit union prepared to keep pace with changing member behavior and evolving fraud trends?
infographics
Artificial Intelligence: Outsmarting Financial Crime
This enlightening infographic gives a high-level explanation of AI, the different types of AI, and speaks to the prevalence and uses in financial crime management systems.
resource guides
Suspicious Activity Reports
Suspicious Activity Reports (SARs) are an invaluable tool in the fight against financial crime.
resource guides
Human Trafficking: Know the Behavior, Uncover the Crime
Learn the financial indicators of human trafficking and support your institution’s investigative efforts to help trafficked victims become survivors.
infographics
Detecting Human Trafficking
Learn how financial institutions are in the unique position to identify human trafficking through banking data and member behaviors.
article
The Faster Payments Era: New Channels and Expectations
Faster payments offer convenience to consumers with fast, high limit transfers and lower fees.
on-demand webinar
Stronger Together: Collaborative Approaches to Enhance AML/CFT Programs
Learn how collaborative approaches continue to provide a more complete view of money laundering and predicate crimes such as human trafficking.
on-demand webinar
Navigating the Rising Challenge of Human Trafficking
Watch this educational webinar to learn about the scale of modern slavery, human trafficking typologies and financial indicators.
article
From the Cloud: Deep Insights into Wire Fraud Trends
Latest data shows fraudsters pushing more lucrative scams
white paper
Detection and Prevention of Elder Abuse
With Elder Financial Exploitation rampant and on the rise, the role of financial institutions in prevention is more important than ever.
article
AML Trends and Technology 2023
Safeguarding members and credit unions from the threat of financial crime in 2022, and beyond. Keeping pace with the growing complexity of financial crime was a challenge for financial institutions in 2022 – finding a balance between meeting customers’ needs for faster, frictionless banking while managing regulatory scrutiny is no easy task. Investigators striving to follow the money, uncover hidden connections across networks, and provide actionable intelligence to law enforcement were challenged by disparate data sources, manual processes, first generation transaction monitoring systems, and stretched resources.
white paper