TOPIC: Software

[Announcement] 2020 Verafin Virtual Tour - June

2020 Verafin Virtual Tour
Fraud Detection & BSA/AML Live Online Event

5 CAMS credits |  6 CAFP credits |  6 CRCM credits
June 17, 2020 from 12:00pm – 5:00pm EST

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We are pleased to announce that registration is now open for the 2020 Virtual Tour taking place Wednesday, June 17, 2020 from 12:00pm – 5:00pm EST.  

This complimentary, online event features insightful presentations that highlight emerging fraud and compliance trends, including those related to the current COVID-19 crisis, along with the latest technologies to fight financial crime. During this interactive event you’ll have the opportunity to chat with technology and product experts during live Q&A sessions and take part in polls and interactive elements. Join your peers at this industry-wide event, and hear our expert speakers dive into hot topics like:  
  • Fraud Risks and Compliance Challenges During the COVID-19 Crisis 
  • Evolving Fraud Trends and Technology: BEC Fraud, Card Compromise, Check Fraud Schemes 
  • Industry Reflections and Predictions with Special Guest Jim Richards 
  • Big Data Intelligence and the Way Forward for AML 
  • Best Practices for High-Risk Customer Management 

The approved accreditations for the Verafin Tour Regional Seminars also apply to the Virtual Event. Attendees will receive 5 CAMS, 6 CAFP, 6 CRCM credits, or up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS. 

To review the agenda and reserve your spot, visit the Virtual Tour website.

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    Demonstration | BSA/AML Compliance and Management - Join us May 27

    May 27 at 12:30 PM - 01:30 PM EST
    BSA/AML Compliance and Management
    Uncover Suspicious Activity & Strengthen Compliance

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    Today, there is enormous pressure on compliance professionals to uncover potential money laundering and keep ahead of changing regulatory requirements. The need to reduce false positives and generate higher quality alerts is critical for a proactive view of suspicious activity and to enhance your institution’s ability to detect, investigate and report it.
    Join us as we demonstrate how Verafin’s end-to-end BSA/AML Compliance and Management software uses a big data intelligence approach, leveraging artificial intelligence and machine learning to proactively alert you to a wide range of suspicious activity. See how your institution can have a complete view with enterprise case management and reporting, along with threshold testing and performance management for added confidence in examinations — all in a single, consolidated platform.

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      Blog | Economic Stimulus Payments Targeted by Fraudsters - Read Now

      Economic Stimulus Payments Targeted by Fraudsters
      Billions of Dollars at Risk as First Wave of Aid is Released

      May 8, 2020 by Verafin

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      Fraud and illicit activity are exacerbated in times of crisis, and the COVID-19 pandemic is a considerable and historic example. With the first wave of economic stimulus payments now issued by the IRS, fraudsters are eyeing a potential windfall of profit to be stolen through scams, phishing attacks and check counterfeiting. Financial institutions must remain on guard for bad actors who seek to intercept or reroute these funds for their own illicit benefit.

      Read our latest blog post to learn about how Verafin has responded to  economic stimulus fraud with new targeted agents and enhanced solutions to help you get ahead of illicit activity and protect your customers.

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        Demonstration | Preventing Losses from Check Kiting and Check Fraud Schemes - Join us today, May 20

        May 20 at 12:30 PM - 01:30 PM EST
        Preventing Losses from Check Kiting and Check Fraud Schemes
        Detecting fraudulent in-clearing checks

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        Despite the rise of online banking products, criminals continue to exploit traditional transaction channels for fraudulent activity. Checks are particularly vulnerable, as customers and institutions can be victimized by stolen checks, counterfeit checks, or elaborate check kiting schemes.     

        Join us for a demonstration of Verafin's Fraud Detection and Management solution that leverages machine learning, image analysis and Optical Character Recognition (OCR) to help detect fraudulent checks and reduce false positive alerts. In this presentation, we will demonstrate Verafin’s targeted fraud detection scenarios including Stolen/Counterfeit Checks, Duplicate Check Number, Sequence Number Jump, and Check Kiting.

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          Demonstration | Solutions to Combat COVID-19 Financial Crime - Join us June 3

          June 03 at 12:30 PM - 01:30 PM EST
          Solutions to Combat COVID-19 Financial Crime
          Mitigate Risk and Prevent Fraud with Advanced Analytics and Rapid Cloud Delivery

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          The COVID-19 crisis is creating historic possibilities for crime, and financial institutions can no longer afford delays in product updates or platforms that cannot release urgently required protections, today.

          In this demo, you will learn how Verafin’s cloud-based Financial Crime Management platform is quickly addressing the latest COVID-19 crimes, helping institutions confidently manage compliance and protect their customers from loss.

          Highlights of this product demonstration include:
          • Targeted Online Account Takeover Agents
          • Mobile Deposit Scam Detection with Machine Learning
          • Enhancements to Wire Fraud
          • New Detection Agent for Stolen Stimulus Payments
          • Case Management for COVID-19-related Scams
          Register Now