Verafin Enhances Financial Crime Management Solutions Suite with Launch of Entity Research Copilot — First of Its Integrated Copilot Capabilities - Seite 2

Key Features of Verafin’s integrated Entity Research Copilot:

• Conducts intelligent, automated open-source research to collect relevant information on entities and related counterparties.
• Expedites negative news searches on alerted entities and counterparties by automating tasks associated with gathering information across multiple data sources.
• Summarizes results in a thorough, concise research package for the investigator.
• Provides a complete, cited, history of activities to ensure the research is documented and auditable.

By integrating the Entity Research Copilot feature directly into the workflow of its proven AML solution and leveraging the latest GenAI models, Verafin reduces time investigators spend on manual research tasks to expedite the alert review process and improve the overall efficiency of institutions’ AML/CFT programs.

“Paired with our technology expertise in applying AI and other automation techniques, our domain experience in anti-financial crime has provided us with a deep understanding of the unique workflows of compliance teams,” said Rob Norris, VP and Head of Product Strategy, Nasdaq Financial Crime Management Technology, Verafin “The Entity Research Copilot is the first of our integrated copilot capabilities we are developing with our financial institution partners. The use cases for applying GenAI and integrating copilot features in our solutions spans alert review, case investigation and regulatory reporting processes, with the potential for financial institutions to enable enhanced process automation.

“We are excited to bring our enhanced Copilot capabilities to the market, building upon our proven expertise in providing innovative, AI-based financial crime management solutions,” said Brothers. “As financial crime continues to evolve, we remain committed to empowering institutions with the solutions they need to optimize operations, fight financial crime, and ultimately safeguard the financial system.”

https://verafin.com/artificial-intelligence/?src=pr

Verafin, a Nasdaq company, 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 Verafin to prevent fraud and strengthen AML/CFT efforts. Leveraging our unique consortium data approach in targeted analytics with artificial intelligence and machine learning, Verafin significantly reduces false positive alerts and delivers context-rich insights to fight financial crime more efficiently and effectively.