In 2023 $77.7B of all reported global fraud was linked to elderly victims. National Senior Fraud Awareness Day strives to raise awareness of fraudulent schemes directed at vulnerable seniors. FIs play a crucial role in detecting elder fraud and preventing exploitation.

Financial crime continues to evolve so institutions require solutions that empower them to optimize operations and fight financial crime. Verafin’s expertise in applying artificial intelligence (AI) and big data technologies can help.

#ArtificialIntelligence #AI

Verafin’s Entity Research Copilot is the culmination of 20 years of expertise in artificial intelligence. This capability can improve your institution’s investigation efficiency with up to 90% reduction in alert review time compared to legacy approaches. buff.ly/3WAxWqT

Comment to submit your questions for our live Q&A on romance and relationship scams — taking place next week on May 15! You ask, we listen. Our very own Colin Parsons and special guest Debby Montgomery Johnson are excited to weigh in! buff.ly/3QzJMxK
#StopRomanceScams

What’s next? For 20 years, this question has inspired us to dream bigger — and bring you efficient and effective financial crime management technology solutions. We can’t wait to show you what Nasdaq Verafin will look like as part of the Nasdaq brand.

Where do you see AI having the greatest impact on your institution’s ability to fight financial crime?

Verafin has launched Entity Research Copilot, the first of its integrated copilot capabilities, bolstering its suite of financial crime management solutions. Verafin improves investigator efficiency with up to 90% reduction in alert review time compared to legacy approaches.

Join us on  May 15 for a live Q&A session on romance and relationship scams, featuring our very own Colin Parsons and special guest Debby Montgomery Johnson. Bring your questions and we'll answer them live! Registration is open,  save yourself a seat. bit.ly/4dp5vCu

Money mules fuel global fraud by depositing and moving illicit proceeds around the world, potentially funding human trafficking and terrorist financing. See our infographic to learn more. bit.ly/45QgdOz

Artificial Intelligence is a powerful, dynamic solution in the fight against modern financial crime. Our infographic provides a high-level explanation of AI and uses for AI in financial crime management systems. bit.ly/3JBNoeU #AI

In 2023, romance scams caused $3.8B in global losses with other confidence schemes – and the toll on victims may be even greater. bit.ly/3NuUp1k

Verafin has leveraged artificial intelligence for over 20 years to deliver industry-leading financial crime management solutions. Now we’re taking the next step with Entity Research Copilot — our first integrated Copilot capability with generative AI. bit.ly/4aMRtsu

Do you know what the most recognizable forms of human trafficking are? Check out our infographic that describes the most recognizable forms of human trafficking based on customer behavior and transactional activity. bit.ly/49huFQB

#humantrafficking

Customer-driven and machine learning analytics greatly enhance the efficiency of your check fraud investigations, while consortium analytics offer insights into transactional risk. bit.ly/49MoBzd

Verafin has announced Entity Research Copilot — our first integrated Copilot capability with generative AI. The Entity Research Copilot will enable financial institutions to realize significant benefits. Learn more on how we are using AI to fight crime. bit.ly/3U2qzFG

Check fraud is one of the oldest fraud schemes and despite declining check use, it is seeing a dramatic increase.

Read our full infographic to learn how stolen checks and check washing are fueling a major financial crime threat in the U.S. bit.ly/46xcFAV

Funnel accounts are used to launder and conceal funds weaved throughout a host of devastating crimes — including human smuggling, human trafficking, and terrorism. Funnel accounts continue to thrive as criminal organizations leverage the tactic to exploit the U.S. banking system.

Financial crime is a $3.1T global epidemic. Industry expert Daniel Tannebaum of Oliver Wyman discusses how collective approaches to fighting crime are crucial for preventative action.

Elder fraud is a growing problem. In 2023, of all reported global fraud, $77.7B of was linked to elderly victims. Financial institutions can play a crucial role in combating elder financial exploitation by understanding the typologies and financial red flags.  #ElderFraud

Criminals rely on siloes between financial institutions to launder and obfuscate the source of illicit funds. Messaging Services help investigators collaborate and uncover these schemes through secure information sharing. Check out the full Infographic bit.ly/3SbwM2o