Nasdaq strengthens anti-financial crime solutions with new acquisition
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Nasdaq strengthens anti-financial crime solutions with new acquisition 15 February 2021Canada Reporter: Maddie Saghir
Image: Michael Traitov/adobe.stock.com
Nasdaq, a global technology company, has completed the acquisition of Verafin, an industry provider in anti-financial crime management solutions.
The acquisition is set to strengthen Nasdaq’s existing regulatory and anti-financial crime solutions.
The transaction also aims to accelerate Nasdaq’s ongoing growth in being a software-as-a-service (SaaS) technology provider.
Verafin will continue to operate in St. John’s, Newfoundland and Labrador as a stand-alone organisation aligned with Nasdaq’s Market Technology business.
Meanwhile, Verafin’s existing executive leadership team will continue to lead the company.
“At Nasdaq, we believe that fair, secure and transparent markets are vital to creating strong economies that move the world forward,” comments Adena Friedman, president and CEO, Nasdaq.
According to Friedman, 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”.
Friedman says: “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.”
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Image: Michael Traitov/adobe.stock.com 