Nasdaq Verafin vs SEON
Nasdaq Verafin
verafin.comSEON
seon.ioSide by side
| Figure | Nasdaq Verafin | SEON |
|---|---|---|
| Price from | — | $699/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 2 |
| Spec score · Financial Fraud Detection Software | 7.7 (#5) | 7.7 (#7) |
| Founded | 2003 | 2017 |
| Fraud detection | Its fraud solution analyzes customer activity across channels and covers deposit, check, wire, ACH, faster payments, account takeover, card, and loan fraud. | The platform uses real-time signals and AI scoring to detect threats including bonus abuse, synthetic identity fraud, account takeovers and chargebacks. |
| 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. | SEON documents a unified Fraud API and lists Shopify and AWS Marketplace integration options. |
| 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. | SEON describes its platform as an AI command center for fraud prevention and AML compliance. |
| Support | Nasdaq Verafin lists product support email addresses and separate US and Canadian support phone numbers on its contact page. | The Starter plan includes implementation assistance via support tickets and email, while Premium lists 24/7 support and hands-on account management. |
Plans
In their own words
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.