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Nasdaq Verafin

verafin.com

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Spec score 7.8 #2 of 16 in Anti-Money Laundering Software

What it is

Nasdaq Verafin is a cloud-based financial crime management platform for financial institutions. It combines fraud detection, AML/CFT monitoring, high-risk customer management, sanctions screening, case work, and regulatory reporting. Fraud alerts span deposits, checks, wires, ACH, account takeovers, cards, and loans. AML/CFT analytics examine transactions across channels alongside customer profiles and historical behavior, and can identify 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. Data connections use APIs and batch files, with customized extracts and formats including Check21, NACHA, Fedwire, SWIFT, and ISO8583. The Entity Research Copilot automates open-source and negative-news research and creates cited records. An Agentic AI Workforce automates anti-financial-crime workflows from alert dispositioning through investigations and reporting.

Spec sheet

Purpose
Nasdaq Verafin provides financial crime management solutions for detecting, investigating, and reporting fraud and suspicious activity.Read 5 Oct 2026 · verafin.com
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.Read 4 Oct 2026 · verafin.com
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.Read 5 Oct 2026 · verafin.com
Security
The company describes lifecycle security controls including field-level encryption, data hashing, application data masking, role-based access management, and cryptographic data destruction.Read 5 Oct 2026 · verafin.com
Privacy
Nasdaq Verafin says its consortium analytics use anonymized data and do not share personally identifiable information between institutions.Read 5 Oct 2026 · verafin.com
Compliance
Verafin states that it maintains SOC 2-audited processes and has had a GDPR program in place since 2016.Read 4 Oct 2026 · verafin.com
Support
Nasdaq Verafin lists product support email addresses and separate US and Canadian support phone numbers on its contact page.Read 5 Oct 2026 · verafin.com
Headquarters
St. John's, Newfoundland and Labrador, CanadaRead 28 Sep 2026 · verafin.com
Founded
2003Read 28 Sep 2026 · verafin.com
Agentic AI
The Agentic AI Workforce automates anti-financial-crime workflows from alert dispositioning through case investigations and regulatory reporting.Read 5 Oct 2026 · verafin.com
AI investigation tools
Its Entity Research Copilot automates open-source and negative-news research and creates cited research records for investigators.Read 4 Oct 2026 · verafin.com
AML analytics
The platform uses artificial intelligence and machine learning analytics to identify activity such as structuring and potential terrorist financing.Read 4 Oct 2026 · verafin.com
AML/CFT
Its AML/CFT solution monitors transactions across multiple channels and analyzes customer profiles and historical behavior to generate alerts.Read 5 Oct 2026 · verafin.com
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.Read 5 Oct 2026 · verafin.com
Case management
Investigators can document cases, attach files, assign tasks and record decisions in the integrated case management component.Read 4 Oct 2026 · verafin.com
FRAMLxchange eligibility
Joining FRAMLxchange requires an institution to be registered with FinCEN for Section 314(b) information sharing.Read 5 Oct 2026 · framlxchange.verafin.com
Fraud detection
Its fraud solution analyzes customer activity across channels and covers deposit, check, wire, ACH, faster payments, account takeover, card, and loan fraud.Read 5 Oct 2026 · verafin.com
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.Read 4 Oct 2026 · framlxchange.verafin.com
High-risk customers
The high-risk customer solution identifies, segments, risk scores, and monitors customers in higher-risk categories.Read 5 Oct 2026 · verafin.com
Information sharing
Investigators at 314(b)-registered institutions can exchange information and collaborate on investigations within Nasdaq Verafin’s secure environment.Read 5 Oct 2026 · verafin.com
Intended customers
Verafin describes its platform as serving financial institutions, and its materials report that more than 2,600 institutions globally use it.Read 4 Oct 2026 · verafin.com
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.Read 5 Oct 2026 · verafin.com
Pricing availability
The contact page directs interested organizations to request product information and a custom demo; it does not list product prices.Read 4 Oct 2026 · verafin.com
Regulatory reporting
Currency Transaction Reports and Suspicious Activity Reports can be auto-populated, reviewed and electronically submitted from Verafin to FinCEN.Read 4 Oct 2026 · verafin.com
Sanctions screening
The sanctions solution offers targeted screening analytics, automated watchlist updates, case management, reporting, auditing, and sensitivity testing.Read 5 Oct 2026 · verafin.com
Security and privacy
Verafin describes field-level encryption, data hashing, application data masking, role-based access management and cryptographic data destruction as lifecycle security measures.Read 4 Oct 2026 · verafin.com

Plans and prices

Nasdaq Verafin Financial Crime Management Priced on request Financial institutions · Request a demo or product information Read 5 Oct 2026 · verafin.com

Every Nasdaq Verafin plan and price →

Strong points and limits

Strong points

  • Fraud alerts span deposits, wires, cards, and loans.
  • Case tools support files, tasks, and decisions.
  • Reports can be submitted electronically to FinCEN.
  • Security controls include encryption and role-based access.

Limits

  • FRAMLxchange requires FinCEN Section 314(b) registration.
  • The platform is described for financial institutions.

Who it suits

Nasdaq Verafin is intended for financial institutions managing fraud, AML/CFT, sanctions, and suspicious-activity reporting. FRAMLxchange information sharing is for investigators at institutions registered for FinCEN Section 314(b).

Verdict

Nasdaq Verafin covers multiple financial-crime workflows, from alerts and investigations to regulatory submissions. Organizations must request product information for pricing, and FRAMLxchange has a specific registration requirement.

Where Specifiction places it

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