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Artificial Intelligence: Outsmarting Financial Crime


Nasdaq Verafin
May 21, 2024

Artificial intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Financial Institutions are increasingly utilizing AI-driven fraud, money laundering and risk management solutions to automate tasks, reduce false positives, and gain efficiencies. The financial industry has recognized that systems harnessing the power of AI will lead the way in financial crime management.

This enlightening infographic gives a high-level explanation of AI and the different types of AI, and also speaks to the prevalence and uses for AI in financial crime management systems.

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About Nasdaq Verafin

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 Verafin has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.