Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

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Presented by

Corey Lynch

About this talk

In the current economic climate, the need for greater efficiency in AML/CFT programs is acute. Financial institutions are facing high volumes of false positive alerts, inefficient alert triage and investigations, and lack of single systems of record. With a unique approach, Verafin integrates, resolves, and enriches data from across hundreds of data sources and thousands of institutions across the Cloud. Through automated entity resolution and enriched counterparty data, Verafin’s powerful link analysis and investigation tools empower fraud, AML/CFT and complex investigations teams to expedite decision making and confidently address truly suspicious activity. Join our Product Experts as they discuss the anti-financial crime challenges faced by institutions relying on legacy AML approaches, and how institutions can use data-driven technology solutions to increase the efficiency and effectiveness of AML/CFT programs.
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Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states.