Nasdaq Completes Acquisition of Canadian RegTech Company Verafin

Nasdaq announced it has completed the acquisition of Verafin, an industry leader in enterprise Financial Crime Management solutions that provides a cloud-based, secure software platform for Fraud Detection and Management.

The deal will speed up Nasdaq’s steps to become a leading tech provider and significantly strengthens its existing regulatory and anti-financial crime solutions. Looking ahead, Verafin’ 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.  

Adena Friedman, President and Chief Executive Officer, Nasdaq, said: “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.

Nasdaq will disclose financial results involving Verafin 12 months after the acquisition. That is to say, Nasdaq will begin to calculate Verafin’s impacts on organic revenue and non-GAPP expense growth in Q1 2022.