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Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

Nasdaq Inc. will buy Verafin, a software company that uses artificial intelligence to help banks detect money laundering and fraud, for $2.75 billion,

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Nasdaq Inc. will buy Verafin, a software company that uses artificial intelligence to help banks detect money laundering and fraud, for $2.75 billion, the companies said Thursday.

If completed, the Verafin acquisition would be New York-based Nasdaq’s largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology. The deal is expected to close early next year, subject to regulatory approval and other conditions.

Verafin’s…

This post first appeared on wsj.com

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