TOPIC: Fintech

BID ARTICLE: Is It Time for a FinTech Partnership?

With the continued demand for digital, a Fintech partnership may not burn as much as it used to. Consider these ways the pandemic has affected the Fintech/community financial institution relationship as you decide if this is right for your institution. Read Article

    Blog | Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams

    Blog
    Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams
    First of multiple FinCEN Advisories to be released with additional Notice to Financial Institutions

    May 25, 2020 by Verafin

    FinCEN has released the first of several upcoming advisories to assist financial institutions in combating COVID-19-related financial crimes. This Advisory on COVID-19 Medical Scams outlines red flags for evolving fraud schemes and was published with an accompanying Notice with critical information on BSA obligations and reporting of COVID-19-related criminal and suspicious activity.

    In this informative blog, we review highlights from this latest guidance and accompanying Notice, and outline how Verafin can help you rise to the challenge of meeting compliance demands and countering COVID-19 crime today.

    Read the full blog now

      Demonstration | Big Data Intelligence and the Way Forward for AML - Join us July 15

      July 15 at 12:30 PM - 01:30 PM EST
      Big Data Intelligence and the Way Forward for AML
      Special Presentation: Rebroadcast of Virtual Tour Session

      Register Now


      Financial institutions are facing serious AML challenges as criminals and compliance demands evolve. Join us for a special rebroadcast of Big Data Intelligence and the Way Forward for AML — our engaging 2020 Virtual Tour event attended by over two thousand registrants this May.

      “Excellent scope of topics. Your integrated approach is refreshing and seems to be the way of the future.” — Attendee, 2020 Verafin Virtual Tour

      From crime rings to data lakes, our expert presenters will discuss the latest issues, innovations and information to keep you informed and ahead of AML.

      Please note that this rebroadcast of the Virtual Tour Session is not CAMS-accredited.

      Register Now

        Demonstration | Fraud Trends and Technology: Rebroadcast of Virtual Tour Session - Joins us July 8

        July 08 at 12:30 PM - 01:30 PM EST
        Fraud Trends and Technology
        Special Presentation: Rebroadcast of Virtual Tour Session

        Register Now


        As financial institutions face growing challenges from fraudsters and evolving schemes, Verafin is pleased to offer a timely rebroadcast of our Fraud Trends and Technology session from the 2020 Virtual Tour. With over two thousand registrants in May, this engaging event will keep you informed and ahead of the latest developments in fraud.

        “A great session, very informative… with great speakers.” – Attendee, 2020 Verafin Virtual Tour

        Join industry and technology experts as they discuss evolving scam scenarios, including Business Email Compromise and check schemes, COVID-19-related scams, industry warnings, and solutions to prevent losses.

        Please note that this rebroadcast of the Virtual Tour Session is not CAMS-accredited.

        Register Now

          Webinar - 1 CAMS Credit | Stay Ahead of Emerging Trends: Practical Advice from Peers & Industry Experts - Join us June 24

          June 24 at 12:30 PM - 01:30 PM EST
          Stay Ahead of Emerging Trends: Practical Advice from Peers & Industry Experts
          Complimentary ACAMS Webinar Rebroadcast

          Originally presented: May 28, 2020
          1 CAMS credit

          Register Now

          The COVID-19 crisis has highlighted existing weaknesses in current anti-financial crime approaches and the inflexibility of legacy detection systems to keep pace with evolving criminal activity. The need for scalable, agile solutions that can quickly adapt to emerging financial crimes has never been more acute.

          Join an engaging panel including Brendan Brothers, Verafin Co-Founder; Jim Richards, Founder and Principal of RegTech Consulting LLC; and banking industry representatives Patrick Dutton, Regional Head - Intelligence, Analytics, and Systems Delivery at HSBC; and Stephanie Zirin, Vice President and Fraud Analysis Manager at Eastern Bank. These speakers will share success stories and practical advice for institutions to help improve the efficiency and effectiveness of financial crime management programs.

          Register Now

            Webinar - 1 CAMS Credit | Elder Financial Abuse - Join us June 30

            June 30 at 12:30 PM - 01:30 PM EST
            Elder Financial Abuse
            Best Practices for Financial Institutions for Early Detection & Timely Reporting

            1 CAMS CREDIT

            Register Now

            Elder financial abuse is a devastating crime that is growing in prevalence as bad actors exploit the fear and uncertainty of vulnerable customers during the COVID-19 crisis.

            Join our expert panel including industry expert Jim Richards, former BSA Officer at Wells Fargo, Zane Morgante, CFE and Loss Prevention Manager at Bank OZK, and Corey Lynch, Verafin product expert, as they share cross-industry perspectives on elder financial exploitation, including emerging COVID-19-related scams, red flag indicators, best practices for detection, and more.

            Register Now

              Webinar - 1 CAMS Credit | Stay Ahead of Emerging Trends: Practical Advice from Peers & Industry Experts - Join us June 24

              June 24 at 12:30 PM - 01:30 PM EST
              Stay Ahead of Emerging Trends: Practical Advice from Peers & Industry Experts
              Complimentary ACAMS Webinar Rebroadcast

              1 CAMS credit
              Originally presented: May 28, 2020


              Register Now

              The COVID-19 crisis has highlighted existing weaknesses in current anti-financial crime approaches and the inflexibility of legacy detection systems to keep pace with evolving criminal activity. The need for scalable, agile solutions that can quickly adapt to emerging financial crimes has never been more acute.

              Join an engaging panel including Brendan Brothers, Verafin Co-Founder; Jim Richards, Founder and Principal of RegTech Consulting LLC; and banking industry representatives Patrick Dutton, Regional Head - Intelligence, Analytics, and Systems Delivery at HSBC; and Stephanie Zirin, Vice President and Fraud Analysis Manager at Eastern Bank. These speakers will share success stories and practical advice for institutions to help improve the efficiency and effectiveness of financial crime management programs.

              Register Now

                Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us June 9

                June 09 at 12:30 PM - 01:30 PM EST
                End-to-End High-Risk Customer Management & CDD/EDD
                Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

                Register Now


                How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
                 
                Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM owners, MRBs, MSBs, NGOs, and more.

                Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

                Register Now

                  Demonstration | Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility - Join us June 16

                  June 16 at 12:30 PM - 01:30 PM EST
                  Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility
                  Cross-Channel Analytics, Big Data, and Machine Learning to Fight Fraud

                  Register Now


                  Financial institutions are facing common challenges in combating fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting losses can become increasingly difficult if there are multiple detection systems across different fraud and operational teams, and ultimately leads to a lack of visibility into your true fraud problem.

                  Join us to learn more about the benefits of consolidating your fraud prevention and management functions with Verafin’s Enterprise Fraud Management platform. Learn how to reduce losses, strengthen prevention efforts across all channels and departments, and enable a full picture of fraud at your institution to drive strategic decision-making.

                  Register Now