In Partnership With SelectHub
What is Verafin Suite?
Verafin is a consolidated financial crime detection and complaince automation solution that helps financial institutions maximize their technology investments by helping to automate and strengthen BSA/AML and anti-fraud program processes.
Company Details
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In Partnership With SelectHub
Verafin Suite Ratings
Real user data aggregated to summarize the product performance and customer experience.
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
78 Likeliness to Recommend
89 Plan to Renew
73 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
+79 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Verafin Suite?
Pros
- Respectful
- Transparent
- Security Protects
- Caring
Cons
- Less Efficient Service
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Transaction Monitoring
Credit Risk Management
Market Risk Management
Fraud Management
Cheque Management
Anti Money Laundering
Policy Management
Stress Tests
Asset Liability Management
Analytics and Reporting
Regulatory Compliance and Audit
Vendor Capability Ratings
Availability and Quality of Training
Quality of Features
Business Value Created
Breadth of Features
Product Strategy and Rate of Improvement
Ease of Customization
Ease of Implementation
Ease of IT Administration
Usability and Intuitiveness
Ease of Data Integration
Vendor Support
Verafin Suite Reviews
Akalezi C.
- Role: Finance
- Industry: Finance
- Involvement: End User of Application
Submitted Aug 2024
The best in the market for AML compliance
Likeliness to Recommend
What differentiates Verafin Suite from other similar products?
Verafin suites is a holistic solution that covers AML, BSA compliance, fraud detection.
What is your favorite aspect of this product?
The capability to automate tasks like case management, investigation and reporting
What do you dislike most about this product?
UI could be friendlier lol
What recommendations would you give to someone considering this product?
It's the best in the market for compliance
Pros
- Reliable
- Performance Enhancing
- Enables Productivity
- Unique Features
Please tell us why you think this review should be flagged.
- Role: Vendor Management
- Industry: Banking
- Involvement: Business Leader or Manager
Submitted Mar 2024
Above average product but lacking innovation.
Likeliness to Recommend
Pros
- Respectful
- Caring
- Fair
- Acts with Integrity
Cons
- Commodity Features
- Less Efficient Service
- Vendor's Interest First
Please tell us why you think this review should be flagged.
Mozhgan F.
- Role: Student Academic
- Industry: Finance
- Involvement: IT Development, Integration, and Administration
Submitted Aug 2023
Easy to use, but a bit pricey
Likeliness to Recommend
What differentiates Verafin Suite from other similar products?
many support I could get
What is your favorite aspect of this product?
easy to learn
What do you dislike most about this product?
it is a bit pricy
What recommendations would you give to someone considering this product?
try more practice
Pros
- Helps Innovate
- Continually Improving Product
- Reliable
- Performance Enhancing
Please tell us why you think this review should be flagged.
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