Nasdaq Verafin vs Sift Payment Protection
Nasdaq Verafin
verafin.com
Sift Payment Protection
sift.comSide by side
| Figure | Nasdaq Verafin | Sift Payment Protection |
|---|---|---|
| Price from | — | $0.06/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 Crime Compliance Software | 7.7 (#8) | 8.5 (#2) |
| Founded | 2003 | 2011 |
| Headquarters | St. John's, Newfoundland and Labrador, Canada | San Francisco, California, United States |
| 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. | Sift lists technology integrations including Adyen, Okta/Auth0, Braintree, Checkout.com, and Ping Identity DaVinci. |
| Purpose | Nasdaq Verafin provides financial crime management solutions for detecting, investigating, and reporting fraud and suspicious activity. | Sift stops fraudulent transactions in real time to help merchants make confident payment decisions. |
| Support | Nasdaq Verafin lists product support email addresses and separate US and Canadian support phone numbers on its contact page. | Customers can access the Sift Help Center and contact the Support Team. |
Plans
Sift Payment Protection
- Basic$0.06 a month
- Payment ProtectionPriced on request
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.
Sift Payment Protection
Sift Payment Protection has no write-up on Specifiction yet; its figures are above.