When a customer initiated a suspicious $745,000 transfer, MIDFLORIDA Credit Union quickly leveraged Nasdaq Verafin’s massive consortium data set to identify and prevent a sophisticated HELOC scam.
Connect with Nasdaq Verafin to learn more about how together, we’re winning the fight against financial crime.
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.
