Verafin is a company which offers financial crime management solutions. It provides a cloud-based cross-institutional software platform for fraud detection, BSA/AML compliance, high-risk customer management, and information sharing.

Employee Rating

4.5
TypeSubsidiary
HQSt. John's, CA
Founded2003
Websiteverafin.com
Cybersecurity ratingBMore
Verafin was founded in 2003 and is headquartered in St. John's, CA
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Key People/Management at Verafin

Raymond Pretty

Raymond Pretty

Co-Founder, Chief Technology Officer
Matt Cotter

Matt Cotter

Director
Andrew King

Andrew King

Chief Operating Officer
David Unsworth

David Unsworth

Director
Jamie King

Jamie King

Co-Founder, President & CEO and Director
Jason Quann

Jason Quann

Chief Revenue Officer
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Verafin Office Locations

Verafin has offices in St. John's and Toronto
St. John's, CA (HQ)
18 Hebron Way
Toronto, CA
2 Bloor Street East, Suite 610, P.O, Box 010
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Verafin Financials and Metrics

Summary Metrics

Founding Date

2003

Total Funding

$453.3 m

Investors

In total, Verafin had raised $453.3 m

Verafin Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Verafin Online and Social Media Presence

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Verafin News and Updates

Nasdaq Receives Investment Canada Act Approval and Announces Expected Closing Date for its Acquisition of Verafin

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, announced today that the Minister of Industry has approved the previously announced proposed acquisition of Verafin, an industry pioneer in anti-financial crime management solutions, in accordance…

: Nasdaq borrows $1.9 billion to buy financial crime-fighting platform Verafin

Nasdaq Inc., the popular stock-index and data company, raised $1.9 billion on Monday in the bond market to help fund its purchase of anti-money-laundering and fraud-detection platform Verafin.

Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

Exchange operator Nasdaq said on Thursday it would buy anti-financial crime management products firm Verafin for $2.75 billion in cash.

Nasdaq to buy Verafin in $2.75 billion deal

Nasdaq to buy Verafin in $2.75 billion deal

Nasdaq to pay $2.75 billion in cash to buy anti-financial crime company Verafin

Nasdaq Inc. announced Thursday a deal to buy privately held anti-financial crime management company Verafin for $2.75 billion in cash. Based in Canada, Verafin provides more than 2,000 financial institutions a cloud-based platform to detect, investigate and financial fraud and report money launderi…

Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime

Accelerates Nasdaq’s ongoing evolution into a leading SaaS technology provider.

Verafin Blogs

Rising U.S. & International Wire Fraud Threats

The high dollar value and irrevocable nature of many wire transfers make them inherently risky and a prime target for criminals. With fraudsters unrelenting, financial institutions must remain informed of growing wire fraud threats, both domestically and internationally.  Our experts...  The post Ri…

Assessing AML/CFT Compliance Risks for Crypto Companies

Companies that operate cryptocurrency exchanges or crypto ATMs in the U.S. must be registered as MSBs with FinCEN, and meet all AML/CFT compliance requirements, including identifying and reporting potentially suspicious activity. Recently released guidelines from the MSBA, ETA, INFiN, and...  The po…

Aligning with AML/CFT Priorities

The need for greater effectiveness and efficiency in BSA/AML programs is acute. Financial institutions must navigate the ever-changing landscape of regulatory compliance while simultaneously adapting to evolving criminal activity. But many institutions are limited to their own siloed data set...  Th…

Keeping Pace with the Changing AML/CFT Landscape: Virtual Currency Payment Risks

The use of Convertible Virtual Currency (CVC) is increasing, offering an alternative transaction channel for consumers and a new transaction channel for criminals to exploit. Virtual currency activity is relevant to all financial institutions, even those that do not offer...  The post Keeping Pace w…

Complex AML Investigations with Visualization and Integrated Case Management

As financial crime grows in scale and complexity, banks are facing increasing expectations to improve detection rates, expedite investigations, and enhance reporting to law enforcement....  The post Complex AML Investigations with Visualization and Integrated Case Management appeared first on Verafi…

Verafin Partners with IBT Apps to Fight Financial Crime

Verafin and IBT Apps® have entered an endorsed partnership, uniting the industry’s leading Financial Crime Management solutions with an empowering core partner to community banks nationwide. Verafin’s cloud-based software platform for Fraud Detection and Management, BSA/AML Compliance and Management…
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Verafin Frequently Asked Questions

  • When was Verafin founded?

    Verafin was founded in 2003.

  • Who are Verafin key executives?

    Verafin's key executives are Raymond Pretty, Matt Cotter and Andrew King.

  • How many employees does Verafin have?

    Verafin has 810 employees.

  • Who are Verafin competitors?

    Competitors of Verafin include Group-IB, DNSFilter and PhishLabs.

  • Where is Verafin headquarters?

    Verafin headquarters is located at 18 Hebron Way, St. John's.

  • Where are Verafin offices?

    Verafin has offices in St. John's and Toronto.

  • How many offices does Verafin have?

    Verafin has 2 offices.