This fall, the UK makes history — mandating full reimbursement for Authorized Push Payment (APP) fraud victims. In a new whitepaper, financial crime expert Jonathan F. explores this globally important precedent, and how financial institutions can foster a way forward that protects their financial environment and stakeholders. Discover Jon’s insights into: 🌎 Global trends in Authorized Push Payments fraud ⚖️ New developments for payments fraud reimbursement liability 💳 Approaches to mitigate APP fraud risk in real-time payments For these insights and more, read the new whitepaper, Shifting Liability: Authorised Push Payment Reimbursement Models Fighting Fraud in Global Real-Time Payment Systems https://buff.ly/3Lu6rsd
Verafin
Software Development
St. John's, NL 24,181 followers
The industry's leading Financial Crime Management platform, providing cloud-based software to financial institutions.
About us
Nasdaq Verafin provides cloud-based Financial Crime Management Technology solutions for Fraud Detection, AML/CFT Compliance, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,500 financial institutions globally, representing more than $8T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Leveraging our unique consortium data approach in targeted analytics with artificial intelligence and machine learning, Nasdaq Verafin significantly reduces false positive alerts and delivers context-rich insights to fight financial crime more efficiently and effectively. To learn how Nasdaq Verafin can help your institution fight fraud and money laundering visit www.verafin.com or call 1-877-368-9986.
- Website
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https://www.verafin.com?src=linkedin
External link for Verafin
- Industry
- Software Development
- Company size
- 1,001-5,000 employees
- Headquarters
- St. John's, NL
- Type
- Public Company
- Founded
- 2003
- Specialties
- Human Trafficking Detection, Terrorist Financing Detection, Anti-Money Laundering, Deposit Fraud Detection, Wire Fraud Detection, ACH Fraud Detection, Online Account Takeover Detection, Loan Fraud Detection, CDD/EDD, High-Risk Customer Management, 314(b) Information Sharing, FRAMLx Cross-Institutional Analysis, Case Management, OFAC/Watchlist Scanning, and BSA/AML Compliance
Locations
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Primary
Get directions
18 Hebron Way
St. John's, NL A1A 0L9, CA
Employees at Verafin
Updates
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By detecting elder financial exploitation (EFE) at the earliest opportunity, your financial institution can help to minimize financial and emotional damage for victims. https://buff.ly/45Fms88 #ProtectSeniors #ElderFraud
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An estimated 27.6 million people across the globe are impacted by human trafficking and forced labor at any given time. To help uncover this crime, know the signs – view our infographic to learn more. https://buff.ly/3Xtw0RE
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We live in an era where technology is rapidly reshaping the financial landscape. The Department of Treasury’s report, Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector, focuses on the current state of AI-related cybersecurity and fraud risks in financial services. In our latest blog, discover six key takeaways from the report on how financial institutions can lead with responsible adoption, including: 💻 How ensuring data authenticity and security is paramount to maintain trust and prevent fraud. 🕵♂️ Why having advanced fraud detection systems in place is crucial. ✅ Why updating risk management frameworks is essential as AI evolves. Read the blog here
A Roadmap for Navigating the AI Landscape - 5 min read
https://verafin.com
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To prevent complex fraud scams like Business Email Compromise, financial institutions need to see the full picture of risk. Relying only on your institution’s data means you can be missing important insights into the full risk picture – hear more from Nasdaq Verafin expert, Andrew Muzzatti, as he explains why consortium data is essential to fight complex fraud.
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Elder financial exploitation is often perpetrated by an individual known to the victim and in a position of trust. In this Case from the Cloud, Nasdaq Verafin saves a senior from a $40K check fraud — and helps bring a criminal caretaker to justice. #CheckFraud #ElderFraud
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In a new blog, Colin Parsons, Associate VP — Head of Fraud Product Strategy at Nasdaq Verafin, examines how the use of consortium analytics and machine learning provides a step change in check fraud detection. Read here: https://buff.ly/3Y06S58
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