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Verafin Suite Logo
Verafin

Verafin Suite

Composite Score
7.0 /10
CX Score
7.1 /10
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Verafin Suite
7.0 /10

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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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


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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?

11% Negative
16% Neutral
73% Positive

Pros

  • Respectful
  • Transparent
  • Security Protects
  • Caring

Cons

  • Less Efficient Service

Feature Ratings

Average 81

Transaction Monitoring

87

Credit Risk Management

87

Market Risk Management

84

Fraud Management

84

Cheque Management

84

Anti Money Laundering

82

Policy Management

82

Stress Tests

81

Asset Liability Management

81

Analytics and Reporting

75

Regulatory Compliance and Audit

72

Vendor Capability Ratings

Average 76

Availability and Quality of Training

86

Quality of Features

81

Business Value Created

80

Breadth of Features

79

Product Strategy and Rate of Improvement

75

Ease of Customization

74

Ease of Implementation

74

Ease of IT Administration

72

Usability and Intuitiveness

72

Ease of Data Integration

71

Vendor Support

70

Verafin Suite Reviews

Akalezi C.

  • Role: Finance
  • Industry: Finance
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Aug 2024

The best in the market for AML compliance

Likeliness to Recommend

7 /10

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
  • Role: Vendor Management
  • Industry: Banking
  • Involvement: Business Leader or Manager
Validated Review
Anonymous Reviewer

Submitted Mar 2024

Above average product but lacking innovation.

Likeliness to Recommend

5 /10

Pros

  • Respectful
  • Caring
  • Fair
  • Acts with Integrity

Cons

  • Commodity Features
  • Less Efficient Service
  • Vendor's Interest First

Mozhgan F.

  • Role: Student Academic
  • Industry: Finance
  • Involvement: IT Development, Integration, and Administration
Validated Review
Verified Reviewer

Submitted Aug 2023

Easy to use, but a bit pricey

Likeliness to Recommend

10 /10

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