Nasdaq Verafin Launches Agentic AI Workforce to Revolutionize AML Compliance

Nasdaq Verafin unveils agentic AI AML workers

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to a Nasdaq Verafin survey of more than 200 industry professionals, 75% have increased their investment in headcount over the prior year to improve financial crime prevention efforts. However, nearly half report a lack of adequate resources and technology to meet the regulatory burden. With the ability to independently analyse, document, and decision end-to-end processes, the company claims that its new digital workers enable banks to reallocate resources to more sophisticated investigations and outcomes-focused activities. Currently in beta ahead of a roll out later this year, the first of the digital workers will focus on two of the most resource-intensive areas of compliance - sanctions screening and enhanced due diligence reviews. The sanctions screening agent will help with dispositioning, documenting, and actioning false positive alerts, while escalating true matches for further review by bank investigators. The enhanced due diligence analyst will automate banks' periodic review process, actioning low-risk cases that do not require further investigation, offering significant efficiency gains for banks. Rob Norris, SVP, head of product, Nasdaq Verafin, says: "Our Agentic AI Workforce will transform the way banks of all sizes approach AML compliance, delivering a step change in efficiency gains that allows compliance teams to shift efforts and focus on the important work of tackling serious financial crimes such as human trafficking, drug trafficking, and other facets of organized crime."

Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering A Step Change in AML Compliance Efficiency

Nasdaq Verafin announced the launch of the Agentic AI Workforce, a suite of digital workers that will deliver a step change in the way banks conduct anti-money laundering (AML) compliance by automating low-value, high-volume compliance processes. Building on the successful adoption of its GenAI Entity Research Copilot, Nasdaq Verafin's Agentic AI Workforce is made up of digital workers that can be deployed by banks to execute complex tasks, including decisioning, with minimal supervision. According to Nasdaq Verafin's Global Financial Crime Report, a survey of more than 200 industry professionals found that 75% of respondents had increased their investment in headcount over the prior year to improve financial crime prevention efforts. However, despite increased investment in headcount, nearly half of responders reported a lack of adequate resources and technology to fight financial crime. With the ability to independently analyze, document, and decision end-to-end processes, the digital workers enable banks to allocate resources to more sophisticated investigations and outcomes-focused activities. The first of the digital workers will focus on two of the most resource-intensive areas of compliance - Sanctions Screening and Enhanced Due Diligence (EDD) reviews. Currently in beta, the first digital workers are expected to be available to Nasdaq Verafin clients later this year. The Digital Sanctions Analyst will aid Sanctions Screening by dispositioning, documenting, and actioning false positive alerts, while escalating true matches for further review by bank investigators. Sanctions compliance is a complex and costly problem for financial institutions, with compliance failures leading to civil penalties and reputational damage. Further, legacy approaches to Sanctions Screening can hamper compliance teams with an overwhelming number of false positive alerts. Initial results show that Nasdaq Verafin's Digital Sanctions Analyst reduces a bank's alert review workload by more than 80%. The Digital EDD Analyst will automate a bank's periodic EDD review process, actioning low-risk cases that do not require further investigation, offering significant efficiency gains for banks. Meeting regulatory requirements for conducting EDD reviews of high-risk customers is a growing challenge for financial institutions, as reviews at most institutions rely on time-consuming manual processes. The Digital EDD Analyst will allow financial institutions to streamline their risk review process, delivering a step change in efficiency and significantly reducing operational expenses. The launch of the Agentic AI workforce represents the latest evolution of Nasdaq Verafin's financial crime management solutions, following the successful rollout of the GenAI Entity Research copilot. Since releasing the Entity Research Copilot into Nasdaq Verafin's case management module in the second quarter of 2025, clients have leveraged this feature in tens of thousands of cases to help streamline and expedite investigations and documentation. In all, more than 1,300 clients have benefited from Nasdaq Verafin's integrated GenAI copilot capabilities across its platform since launch.