As a result of the FFIEC's latest supplement to its Authentication in an Internet Banking Environment guidance, financial institutions are facing increasing regulatory pressure to improve how they detect and respond to suspicious activity. The guidance emphasizes the importance of a layered approach to security; transaction monitoring is a central tenet of this approach. In the face of increasing criminal sophistication, FIs need a more intelligent solution to anomaly detection.

In Verafin's latest product demo, you will see how: Easy-to-work, cross-channel activity alerts, including ACH and Wire fraud detection, greatly improve your fraud protection results. Verafin's behavior-based approach to uncovering suspicious activity produces risk-rated and evidence supported alerts that highlight what is truly 'out-of-the-ordinary'. Alerts that focus on individual customers and their history of activity help you develop an improved knowledge of your entire customer-base. Consolidating fraud detection and AML efforts on a single advanced software platform provides you with a fuller picture of customers and their activity.