Compliance Solutions

Get FFIEC & BSA-complaint with secure and cost-effective identity verification solutions.

Prevent Criminal Activity Before It Happens

Government regulations, such as the Federal Financial Institutions Examination Council and the Bank Secrecy Act, place a significant burden on banks, financial institutions and fintech. To get FFIEC and BSA-compliant, you’ll have to combat money laundering, fraud and security breaches. As criminal actors become more aggressive and sophisticated, these responsibilities can quickly become a drain on internal resources.

Veratad’s suite of identity solutions help you detect, prevent and report criminal activity with automated identity verification. This allows you to know exactly who your customers are and stop criminal activity before it damages your institution’s valuable reputation.

What Is BSA & What Does It Mean For Your Business?

The Bank Secrecy Act (BSA) was enacted in 1970, and it’s one of the core AML regulations that banks must comply with in order to stop money laundering and other financial crimes. The stipulations of BSA are administered by the Federal Financial Institutions Examination Council (FFEIC).

Along with other AML regulations, the BSA puts a lot of burden on financial institutions to collect and report any occurrence of suspicious activity. This can be a huge drain of resources for any institution without the proper software and workflows. And if your bank or fintech company fails to stay compliant, it can mean hefty fines.

That’s where Vertad comes in.

Rapid, Secure Multi-Factor Authentication

A major component of FFIEC compliance is the implementation of multi-factor authentication (MFA). This combats increasingly sophisticated hackers by providing a more secure login method than traditional single-factor authentication. Veratad’s diverse suite of identity verification solutions provides fast and secure user authentication for online banking and fintech. And the flexible way we verify means you can get FFIEC compliant while keeping your cost per verification manageable.

eIDV (electronic identity verification)

OFAC Check

PEPs and

Device fingerprint

Document Verification with Biometrics

Knowledge-based authentication


Automate Your Anti-Money Laundering Workflows

Assisting U.S. government agencies in detecting and preventing money laundering is no easy task. But under BSA, this is an everyday job for financial institutions. Veratad makes your BSA compliance efforts less time- and resource-intensive by automating your anti-money laundering processes. With a global database of identity data and advanced verification methods, we’ll help you catch money laundering before it can happen. This makes your BSA compliance workflows more manageable and cost-effective than ever.

Ensure Your BSA Compliance Today