Verafin

What is Verafin

A cloud-based software solution to help manage BSA Compliance

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.

Why Choose Verafin

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.

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. 

To learn more about Verafin complete the “Get in Touch” form to the right.

Verafin has exclusive pricing and solutions reserved for CrossState Credit Union Association members.