AMLForms vs Nasdaq Verafin
AMLForms
amlforms.comNasdaq Verafin
verafin.comSide by side
| Figure | AMLForms | Nasdaq Verafin |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 0 | 1 |
| Spec score · Financial Crime Compliance Software | 7.4 (#13) | 7.7 (#8) |
| Spec score · AML Compliance Software | 7.4 (#13) | 7.7 (#6) |
| Headquarters | Markham, Ontario, Canada | St. John's, Newfoundland and Labrador, Canada |
| Integrations | AMLForms says it can integrate with existing tools and that its screening, ID, and KYB partners are vetted for security and data protection. | 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. |
| Pricing availability | The pages opened direct visitors to book a personalized demo and did not state plan prices. | The contact page directs interested organizations to request product information and a custom demo; it does not list product prices. |
| Purpose | AMLForms brings onboarding, screening, verification, risk assessment, and ongoing monitoring into one AML compliance process. | Nasdaq Verafin provides financial crime management solutions for detecting, investigating, and reporting fraud and suspicious activity. |
| Security | AMLForms states that sensitive data is encrypted in transit and at rest and protected with role-based access controls and multi-factor authentication. | The company describes lifecycle security controls including field-level encryption, data hashing, application data masking, role-based access management, and cryptographic data destruction. |
Plans
In their own words
AMLForms
AMLForms is a cloud AML compliance platform for onboarding, screening, verification, risk assessment, and ongoing monitoring. Its digital KYC forms use templates and conditional questions, letting clients complete forms and upload documents from any device. A no-code builder supports required fields, approvals, reviews, file uploads, and in-form or integrated e-signatures. Screening covers sanctions, politically exposed persons, and adverse media across more than 1,200 stated data sources. Checks include government IDs, biometric likeness and liveness, business verification, beneficial ownership information, and credit checks. Configurable transaction rules and risk context surface unusual activity, trigger alerts, and create cases for auditable investigations. Teams can export client files and histories. AMLForms says it is built for Canadian reporting entities and aligns with FINTRAC guidance. It describes encryption, role-based permissions, configurable retention, and SOC 2 Type II accreditation.
Nasdaq Verafin
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.