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Nasdaq Verafin

verafin.com
Financial Management
Few Days

Industry-leading Solutions for Anti-Financial Crime

How to Replace Nasdaq Verafin
Compare:vs Tulipvs SalesVuvs MRPeasy

Overview

Nasdaq Verafin is a financial crime management platform that provides fraud detection, AML/CFT compliance, high-risk customer management, and sanctions screening solutions. The platform integrates data from hundreds of sources and thousands of institutions to detect and prevent financial crimes. It serves over 2,700 customer partners and analyzes over 1.8 billion transactions weekly.

Features

35 features across 8 categories

AI(1)

AI-Powered SolutionsAIPremium

Improve investigator efficiency with integrated AI capabilities

Also in: monday.com, Notion, Airtable

AML(7)

Cross-Institutional Analysis

Analysis of transactions across multiple institutions

Funnel Accounts

Detection and monitoring of funnel accounts used in money laundering

Government Benefits Fraud Detection

Detection of fraudulent government benefits claims

Human Trafficking Detection

Detection of financial indicators of human trafficking activities

Targeted Typology Analytics

Analytics focused on specific financial crime typologies

Terrorist Financing Detection

Detection of terrorist financing activities and patterns

Transaction Monitoring

Continuous monitoring of transactions for suspicious activity

Analytics(1)

Consortium Analytics

Data integration and analysis from consortium of 2,700+ institutions

Also in: Hugging Face, Notion, Smartsheet

Compliance(9)

AML/CFT Compliance and Management

Anti-Money Laundering and Counter-Financing of Terrorism compliance solutions

BSA Compliance and Process Automation

Bank Secrecy Act compliance with automated processes

Case Management

Management of investigation cases and workflow

CDD/EDD

Customer Due Diligence and Enhanced Due Diligence capabilities

CTRs

Currency Transaction Reports generation and management

Front-Line Functionality

Tools and capabilities for front-line compliance staff

Information Sharing

Information sharing capabilities across institutions

Sanctions Screening and Management

Screening and management of sanctions compliance

SARs

Suspicious Activity Reports generation and management

Also in: Insider CDP, Airtable, 1Password

Data Management(1)

Data Integration and Enrichment

Integration, resolution and enrichment of data from hundreds of sources

Also in: monday.com, Notion, Airtable

Fraud Detection(9)

ACH Fraud Detection

Detection and prevention of ACH-related fraud

Card Fraud Detection

Detection and prevention of card-based fraud

Check Fraud Detection

Combat check fraud with a holistic solution

Deposit Fraud Detection

Detection and prevention of deposit-related fraud

Fraud Detection and Management

Comprehensive fraud detection solution covering multiple fraud types

Instant Payments Fraud Detection

Manage instant payment fraud risk with consortium analytics

Loan Fraud Detection

Detection and prevention of loan-related fraud

Online Account Takeover Detection

Prevention of online account takeover fraud

Wire Fraud Detection

Protection against wire fraud schemes including crypto, BEC and grooming scams

Also in: HypeAuditor, Stripe, Thomson Reuters Tax and Accounting Solutions

Reporting(2)

AML Consortium Insights

Consortium-based analytics and insights for AML detection

Enterprise Reporting and Dashboards

Comprehensive reporting and dashboard capabilities for enterprise users

Also in: monday.com, Smartsheet, 1Password

Risk Management(5)

Enhanced Due Diligence

Enhanced customer due diligence for high-risk accounts

High-Risk Customer Management

Comprehensive management of high-risk customer profiles and activities

High-Risk Customer Segmentation

Segmentation of customers based on risk profiles

High-Risk Customer Surveillance

Ongoing surveillance and monitoring of high-risk customers

Risk Stratification

Stratification of customers into risk tiers

Also in: Mitratech, Juro, Dashlane

Cost Calculator

Pricing data not available for Nasdaq Verafin. Check their website for current pricing.

Build vs Buy

Should you build a Nasdaq Verafin alternative or buy the subscription? Estimate based on 35 features.

Buy Nasdaq Verafin

Better Value
Monthly costContact Sales
3-year totalVaries
Time to deployDays

Build Your Own

Development cost$24,000
Maintenance$360/mo
3-year total$36,960
Dev time~2 months

Buying Nasdaq Verafin saves ~$36,960 over 3 years vs building.

Estimates based on 35 features and a BuildScore of 4/5. Actual costs vary.