Verafin Enhances Financial Crime Management Solutions Suite with Launch of Entity Research Copilot — First of Its Integrated Copilot Capabilities
Proven Solutions with Integrated GenAI Copilot Features Significantly Improve Investigator Efficiency with up to 90% Reduction in Alert Review Time Compared to Legacy Approaches.
ST. JOHN’S,
Following an extensive Beta program,
Leveraging multiple automation technologies, including generative AI (GenAI), Verafin’s Financial Crime Management Copilot capabilities automates compliance tasks and daily workflows to reduce operational costs and increase the efficiency of anti-financial crime programs. By integrating Copilot features directly into its purpose-built platform and workflows,
“Our Copilot capabilities represent the latest evolution of our industry-leading financial crime management solutions,” said
With the availability of the Entity Research Copilot, the first of its integrated copilot capabilities,
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,
“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
“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
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