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ARCA Monitor vs Nasdaq Verafin

Both stand on aml compliance software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

ARCA Monitor

Free trial APIWeb

ARCA Monitor covers broad AML operations, from onboarding and screening through investigations and filings. Its free trial requires no credit card, while enterprise costs depend on transaction volume, workspaces, and compliance requirements.

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Nasdaq Verafin

Paid APIWeb

Choose Nasdaq Verafin if your financial institution needs a platform for financial crime monitoring, investigations, and reporting. Its broad coverage includes fraud, AML/CFT, risk management, and sanctions workflows. Organizations seeking a listed product price should request information or a demo.

Visit Nasdaq Verafin

The facts

ARCA MonitorNasdaq Verafin
Free planA free trialNot published
Open sourceNot publishedNot published
Runs onAPI, WebAPI, Web
Lowest paid planFree or on requestFree or on request
Plans published11
MakerNot publishedNot published
Websitearcamonitor.appverafin.com
On aml compliance software#3 of 27#12 of 27

ARCA Monitor: what it does well

  • Real-time and batch monitoring
  • Screening across 15+ global lists
  • KYC and continuous monitoring workflows
  • Regulatory filing support
  • Traceable, explainable risk decisions

What to know first

  • No free plan
  • Documentation has sections coming soon
  • Transaction quotas count ingested payments

Nasdaq Verafin: what it does well

  • Fraud alerts cover deposits, checks, wires, ACH, cards, loans, and account takeovers.
  • AML/CFT monitoring considers transactions, customer profiles, and historical behavior.
  • Investigators can manage cases, files, tasks, and decisions in one component.
  • Reports can be reviewed and submitted electronically to FinCEN.
  • Consortium analytics use anonymized data without sharing personally identifiable information between institutions.

What to know first

  • Product pricing is available by request rather than as a listed price.
  • FRAMLxchange requires financial institution membership and FinCEN Section 314(b) registration.

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