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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Get AssistanceVerafin Suite Ratings
Real user data aggregated to summarize the product performance and customer experience.
81 Likeliness to Recommend
87 Plan to Renew
74 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
+77 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
Emotional Footprint
How to Read
Positive
Neutral
Negative
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
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
Ease of Implementation
Ease of IT Administration
Availability and Quality of Training
Ease of Data Integration
Product Strategy and Rate of Improvement
Quality of Features
Usability and Intuitiveness
Vendor Support
Business Value Created
Breadth of Features
Ease of Customization
Verafin Suite Reviews
- 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
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
- Role: C-Level
- Industry: Banking
- Involvement: Business Leader or Manager
Submitted Apr 2023
Good solution, bad customer support
Likeliness to Recommend
Pros
- Respectful
- Includes Product Enhancements
- Friendly Negotiation
- Helps Innovate
Cons
- Less Effective Service
- Wastes Time
- Less Efficient Service