Latest news with #NasdaqVerafin
Business Upturn
21-07-2025
- Business
- Business Upturn
Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering a Step Change in AML Compliance Efficiency
NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Nasdaq Verafin today announced the launch of the Agentic AI Workforce, a suite of digital workers that will deliver a step change in the way banks conduct anti-money laundering (AML) compliance by automating low-value, high-volume compliance processes. Building on the successful adoption of its GenAI Entity Research Copilot, Nasdaq Verafin's Agentic AI Workforce is made up of digital workers that can be deployed by banks to execute complex tasks, including decisioning, with minimal supervision. According to Nasdaq Verafin's Global Financial Crime Report, a survey of more than 200 industry professionals found that 75% of respondents had increased their investment in headcount over the prior year to improve financial crime prevention efforts. However, despite increased investment in headcount, nearly half of respondents reported a lack of adequate resources and technology to fight financial crime. With the ability to independently analyze, document, and decision end-to-end processes, the digital workers enable banks to reallocate resources to more sophisticated investigations and outcomes-focused activities. 'In today's operating environment, banks are tasked with navigating a growing number of compliance challenges from evolving regulatory requirements to the shortcomings of legacy technology and impact of resource constraints on compliance teams,' said Rob Norris, SVP and Head of Product, Nasdaq Verafin. 'Our Agentic AI Workforce will transform the way banks of all sizes approach AML compliance, delivering a step change in efficiency gains that allows compliance teams to shift efforts and focus on the important work of tackling serious financial crimes such as human trafficking, drug trafficking, and other facets of organized crime.' The first of the digital workers will focus on two of the most resource-intensive areas of compliance – Sanctions Screening and Enhanced Due Diligence (EDD) reviews. Currently in beta, the first digital workers are expected to be available to Nasdaq Verafin clients later this year. The Digital Sanctions Analyst will aid Sanctions Screening by dispositioning, documenting, and actioning false positive alerts, while escalating true matches for further review by bank investigators. Sanctions compliance is a complex and costly problem for financial institutions, with compliance failures leading to civil penalties and reputational damage. Further, legacy approaches to Sanctions Screening can hamper compliance teams with an overwhelming number of false positive alerts. Initial results show that Nasdaq Verafin's Digital Sanctions Analyst reduces a bank's alert review workload by more than 80%. The Digital EDD Analyst will automate a bank's periodic EDD review process, actioning low-risk cases that do not require further investigation, offering significant efficiency gains for banks. Meeting regulatory requirements for conducting EDD reviews of high-risk customers is a growing challenge for financial institutions, as reviews at most institutions rely on time-consuming manual processes. The Digital EDD Analyst will allow financial institutions to streamline their risk review process, delivering a step change in efficiency and significantly reducing operational expenses. The launch of the Agentic AI Workforce represents the latest evolution of Nasdaq Verafin's industry-leading financial crime management solutions, following the successful rollout of the GenAI Entity Research copilot. Since releasing the Entity Research Copilot into Nasdaq Verafin's case management module in the second quarter of 2025, clients have leveraged this feature in tens of thousands of cases to help streamline and expedite investigations and documentation. In all, more than 1,300 clients have benefited from Nasdaq Verafin's integrated GenAI copilot capabilities across its platform since launch. 'The financial services industry is grappling with mounting pressure to enhance operational efficiency while maintaining robust compliance operations amid increasingly sophisticated threats,' said Chuck Subrt, the Fraud & AML Practice Director at Datos Insights. 'We are witnessing a transformative shift as institutions seek to automate resource-intensive workflows that traditionally consume the vast majority of analysts' time on data collection and processing. Digital workforce solutions like Nasdaq Verafin's Agentic AI Workforce flip the investigator time equation to enable human experts to focus on high-value decision-making and critical analysis.' Please visit to learn more about Nasdaq Verafin's Agentic AI Workforce. About Nasdaq Verafin Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,600 financial institutions, representing over $10T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as 'will,' 'may', and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to potential savings, efficiency gains, or product results. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's investor relations website at and the SEC's website at Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. © 2025 Nasdaq, Inc. The Nasdaq logo and the Nasdaq 'ribbon' logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries. All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (collectively, 'Nasdaq'), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by Nasdaq. Nasdaq Media Relations Contact Nick Eghtessad+1.929.996.8894 [email protected]
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering a Step Change in AML Compliance Efficiency
NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced the launch of the Agentic AI Workforce, a suite of digital workers that will deliver a step change in the way banks conduct anti-money laundering (AML) compliance by automating low-value, high-volume compliance processes. Building on the successful adoption of its GenAI Entity Research Copilot, Nasdaq Verafin's Agentic AI Workforce is made up of digital workers that can be deployed by banks to execute complex tasks, including decisioning, with minimal supervision. According to Nasdaq Verafin's Global Financial Crime Report, a survey of more than 200 industry professionals found that 75% of respondents had increased their investment in headcount over the prior year to improve financial crime prevention efforts. However, despite increased investment in headcount, nearly half of respondents reported a lack of adequate resources and technology to fight financial crime. With the ability to independently analyze, document, and decision end-to-end processes, the digital workers enable banks to reallocate resources to more sophisticated investigations and outcomes-focused activities. 'In today's operating environment, banks are tasked with navigating a growing number of compliance challenges from evolving regulatory requirements to the shortcomings of legacy technology and impact of resource constraints on compliance teams," said Rob Norris, SVP and Head of Product, Nasdaq Verafin. 'Our Agentic AI Workforce will transform the way banks of all sizes approach AML compliance, delivering a step change in efficiency gains that allows compliance teams to shift efforts and focus on the important work of tackling serious financial crimes such as human trafficking, drug trafficking, and other facets of organized crime.' The first of the digital workers will focus on two of the most resource-intensive areas of compliance – Sanctions Screening and Enhanced Due Diligence (EDD) reviews. Currently in beta, the first digital workers are expected to be available to Nasdaq Verafin clients later this year. The Digital Sanctions Analyst will aid Sanctions Screening by dispositioning, documenting, and actioning false positive alerts, while escalating true matches for further review by bank investigators. Sanctions compliance is a complex and costly problem for financial institutions, with compliance failures leading to civil penalties and reputational damage. Further, legacy approaches to Sanctions Screening can hamper compliance teams with an overwhelming number of false positive alerts. Initial results show that Nasdaq Verafin's Digital Sanctions Analyst reduces a bank's alert review workload by more than 80%. The Digital EDD Analyst will automate a bank's periodic EDD review process, actioning low-risk cases that do not require further investigation, offering significant efficiency gains for banks. Meeting regulatory requirements for conducting EDD reviews of high-risk customers is a growing challenge for financial institutions, as reviews at most institutions rely on time-consuming manual processes. The Digital EDD Analyst will allow financial institutions to streamline their risk review process, delivering a step change in efficiency and significantly reducing operational expenses. The launch of the Agentic AI Workforce represents the latest evolution of Nasdaq Verafin's industry-leading financial crime management solutions, following the successful rollout of the GenAI Entity Research copilot. Since releasing the Entity Research Copilot into Nasdaq Verafin's case management module in the second quarter of 2025, clients have leveraged this feature in tens of thousands of cases to help streamline and expedite investigations and documentation. In all, more than 1,300 clients have benefited from Nasdaq Verafin's integrated GenAI copilot capabilities across its platform since launch. "The financial services industry is grappling with mounting pressure to enhance operational efficiency while maintaining robust compliance operations amid increasingly sophisticated threats,' said Chuck Subrt, the Fraud & AML Practice Director at Datos Insights. 'We are witnessing a transformative shift as institutions seek to automate resource-intensive workflows that traditionally consume the vast majority of analysts' time on data collection and processing. Digital workforce solutions like Nasdaq Verafin's Agentic AI Workforce flip the investigator time equation to enable human experts to focus on high-value decision-making and critical analysis." Please visit to learn more about Nasdaq Verafin's Agentic AI Workforce. About Nasdaq Verafin Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,600 financial institutions, representing over $10T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as 'will,' 'may', and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to potential savings, efficiency gains, or product results. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's investor relations website at and the SEC's website at Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. © 2025 Nasdaq, Inc. The Nasdaq logo and the Nasdaq 'ribbon' logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries. All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (collectively, 'Nasdaq'), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by Nasdaq. NDAQF
Arab News
31-05-2025
- Business
- Arab News
Fraud control room: A key proactive prevention measure
In response to growing concerns over the scale and sophistication of financial fraud globally, the Council of Ministers has approved the creation of a dedicated operations room tasked exclusively with combating such crimes in Saudi Arabia. This move reflects increased awareness of the significant economic and social impacts of financial fraud and the urgent need for a specialized, well-equipped body to address complex misconduct. By establishing this operations room, lawmakers aim to strengthen institutional defenses, restore public trust, and ensure greater accountability across financial systems. According to Nasdaq Verafin's 2024 Global Financial Crime Report, illicit funds flowing through the global financial system were estimated at $3.1 trillion in 2023. Of this, money laundering played a major role in enabling various crimes, including $346.7 billion tied to human trafficking, $782.9 billion linked to drug trafficking, and $11.5 billion in terrorist financing. Fraud scams and bank fraud schemes also caused an estimated $485.6 billion in global losses in 2023. In the Arab world, a study by Naif Arab University for Security Sciences, in cooperation with Interpol, revealed that daily visits to fraudulent websites by individuals of Arab nationalities exceeded 137,000. The study also identified five major types of financial crimes prevalent in Arab countries: Investment fraud, business email compromise, romance fraud, sextortion, and phishing. It further outlined 24 criminal methods used by fraudsters to trap victims. Prominent tactics include impersonating bank employees to extract sensitive information, exploiting artificial intelligence in fraudulent ad campaigns, using trusted online platforms to post fake ads, and employing cryptocurrencies to conceal fund trails. Given these findings, the establishment of a dedicated financial fraud control room is crucial to proactively enhance coordination among authorities and strengthen efforts to combat financial crimes. This initiative will enable swift responses to fraud-related distress calls, improve recovery of stolen funds, enhance tracking of perpetrators, and ensure the enforcement of legal and regulatory penalties, especially in cross-border cases. The control room will also streamline information exchange between authorities, overcoming challenges such as slow processes and poor coordination. By fostering more efficient collaboration, it will allow officials to intervene early and prevent fraud from escalating. Additionally, the control room will introduce electronic reporting systems, making it easier for victims to report fraud quickly, thus increasing the chances of stopping scams and recovering stolen funds. This initiative underscores the critical need to raise public awareness about fraud prevention and strengthen regional and international cooperation against a crime that transcends borders. The establishment of this specialized unit also aligns with Vision 2030, which aims to bolster cybersecurity and protect the national economy, financial systems, and monetary institutions from fraud and cyber threats. While creating a dedicated financial fraud control room is essential, preventing fraud is a shared responsibility that extends beyond government entities to all individuals — citizens and residents alike. Raising public awareness and vigilance is crucial. People must be cautious of suspicious messages, unsolicited investment offers, and unlicensed entities posing as investment firms. Moreover, individuals should avoid sharing personal or banking information outside official channels and remain alert to calls from those claiming to represent financial institutions requesting confidential details. Legitimate bank representatives will never ask for sensitive information such as PINs or passwords. • Talat Zaki Hafiz is an economist and financial analyst. X: @TalatHafiz
