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Nasdaq Verafin
St. John's, Newfoundland and Labrador, Canada
What it is
Nasdaq Verafin is a cloud-based financial crime management platform for financial institutions. It brings together fraud detection, AML/CFT compliance, high-risk customer monitoring, sanctions screening, investigations, and regulatory reporting. Fraud alerts cover deposits, checks, wires, ACH, account takeovers, cards, and loans. AML/CFT analytics examine transactions across channels alongside customer profiles and historical behavior, surfacing activity such as structuring and potential terrorist financing. The platform can identify, segment, risk score, and monitor customers in higher-risk categories.
Investigators can document cases, attach files, assign tasks, and record decisions. Currency Transaction Reports and Suspicious Activity Reports can be populated, reviewed, and submitted electronically to FinCEN. Integrations use APIs and batch files, including customized extracts and formats such as Check21, NACHA, Fedwire, SWIFT, and ISO8583. The Entity Research Copilot automates open-source and negative-news research and creates cited records. Verafin also describes tools for automating anti-financial-crime workflows. It is available through web and API, and product pricing is provided on request. Verafin reports serving more than 2,600 institutions globally.
For and against
For
- Fraud alerts span deposits, checks, wires, ACH, cards, and loans.
- Integrated case management supports tasks, files, and decisions.
- Reports can be submitted electronically to FinCEN.
- Integrations include APIs and batch files.
- Lifecycle security controls include encryption and role-based access.
Against
- Product pricing is available only on request.
- FRAMLxchange requires financial institution membership and Section 314(b) registration.
The verdict
Nasdaq Verafin combines transaction monitoring, fraud alerts, casework, and reporting in a cloud platform for financial institutions. Organizations considering it will need to request product information for pricing and assess its integrations against their systems.
Who it suits
Nasdaq Verafin is intended for financial institutions that need tools for fraud detection, AML/CFT monitoring, investigations, sanctions screening, and regulatory reporting. Its customer risk and transaction monitoring features may suit organizations managing those workflows.
Plans and prices
Nasdaq Verafin Financial Crime Management
Financial institutions · Request a demo or product information
Read 5 Oct 2026 · verafin.com
On the record
- Agentic AI
- The Agentic AI Workforce automates anti-financial-crime workflows from alert dispositioning through case investigations and regulatory reporting.verafin.com · read 5 Oct 2026
- AI investigation tools
- Its Entity Research Copilot automates open-source and negative-news research and creates cited research records for investigators.verafin.com · read 4 Oct 2026
- AML analytics
- The platform uses artificial intelligence and machine learning analytics to identify activity such as structuring and potential terrorist financing.verafin.com · read 4 Oct 2026
- AML/CFT
- Its AML/CFT solution monitors transactions across multiple channels and analyzes customer profiles and historical behavior to generate alerts.verafin.com · read 5 Oct 2026
- API and file data
- Its data integrations use APIs and batch files, including customized extracts and formats such as Check21, NACHA, Fedwire, SWIFT, and ISO8583.verafin.com · read 5 Oct 2026
- Case management
- Investigators can document cases, attach files, assign tasks and record decisions in the integrated case management component.verafin.com · read 4 Oct 2026
- Compliance
- Verafin states that it maintains SOC 2-audited processes and has had a GDPR program in place since 2016.verafin.com · read 4 Oct 2026
- FRAMLxchange eligibility
- Joining FRAMLxchange requires an institution to be registered with FinCEN for Section 314(b) information sharing.framlxchange.verafin.com · read 5 Oct 2026
- Fraud detection
- Its fraud solution analyzes customer activity across channels and covers deposit, check, wire, ACH, faster payments, account takeover, card, and loan fraud.verafin.com · read 5 Oct 2026
- Free FRAMLxchange
- Verafin's FRAMLxchange terms state that FRAMLxchange is provided free of charge and requires financial institution membership and FinCEN Section 314(b) registration.framlxchange.verafin.com · read 4 Oct 2026
- High-risk customers
- The high-risk customer solution identifies, segments, risk scores, and monitors customers in higher-risk categories.verafin.com · read 5 Oct 2026
- Information sharing
- Investigators at 314(b)-registered institutions can exchange information and collaborate on investigations within Nasdaq Verafin’s secure environment.verafin.com · read 5 Oct 2026
- Integrations
- Nasdaq Verafin says it interfaces with more than 100 data sources, including 65 core banking systems and electronic funds transfer, switch, teller, ACH, wire, check imaging, and online banking platforms.verafin.com · read 5 Oct 2026
- Intended customers
- Verafin describes its platform as serving financial institutions, and its materials report that more than 2,600 institutions globally use it.verafin.com · read 4 Oct 2026
- Pricing
- The product pages direct prospective customers to request a demo, and the contact page invites them to request product information; the pages opened do not state product pricing.verafin.com · read 5 Oct 2026
- Pricing availability
- The contact page directs interested organizations to request product information and a custom demo; it does not list product prices.verafin.com · read 4 Oct 2026
- Privacy
- Nasdaq Verafin says its consortium analytics use anonymized data and do not share personally identifiable information between institutions.verafin.com · read 5 Oct 2026
- Product
- Nasdaq Verafin is a cloud-based platform for fraud detection and management, AML/CFT compliance, high-risk customer management, sanctions screening and information sharing.verafin.com · read 4 Oct 2026
