Nasdaq acquired anti-financial crime management products firm

The agreement to acquire Verafin was announced on November 19, 2020

Nasdaq Verafin

Nasdaq acquired anti-financial crime management products firm. Source: pexels.com

Nasdaq has announced the completion of its acquisition of Verafin, an industry pioneer in anti-financial crime management solutions.

The transaction accelerates Nasdaq’s ongoing evolution into a SaaS technology provider and strengthens its existing regulatory and anti-financial crime solutions.

Looking ahead, Verafin’s capabilities will be expanded to service a global ecosystem of Tier-1 and Tier-2 banks and broker-dealers, many of which currently leverage Nasdaq’s technology to detect market manipulation and abuse.

At Nasdaq, we believe that fair, secure, and transparent markets are vital to creating strong economies that move the world forward. Nasdaq’s global reach combined with Verafin’s powerful analytics, robust data insights, and innovative investigation tools, will create a next-generation suite of solutions to fight financial crime and promote integrity throughout the financial ecosystem. We are thrilled to welcome Verafin’s talented employees into the Nasdaq family and look forward to supporting local institutions in Newfoundland and Labrador to promote continued innovation
Adena Friedman, President, and Chief Executive Officer, Nasdaq

Verafin will continue to operate in St. John’s, Newfoundland, and Labrador as a stand-alone organization aligned with Nasdaq’s Market Technology business.

Verafin’s existing executive leadership team will continue to lead the company.

We’ve reported that Huawei plans on acquiring Xunlian Zhipay.

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