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