“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.” Nasdaq’s push comes as banks and other financial firms look to automate many of their more expensive and complex back office processes to reduce costs and increase efficiency.

https://www.reuters.com/article/us-verafin-m-a-nasdaq/nasdaq-to-buy-financial-fraud-detection-firm-verafin-for-2-75-billion-idUSKBN27Z1M1