Contribution: Industrial Research Assistance Program – Contributions to Firms
Verafin Solutions ULC
$4,000,000.00
Transformational Financial Crime Detection
FY 2019-20 · 2019-10-28
Summary
Verafin will transform the financial crime detection industry by utilizing new technologies in our cloud environment to help the Firm design, develop, test, and deliver innovative Financial Crime Management solutions that meet the needs of the largest financial institutions in the United States.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
St. John's|St. John's, Newfoundland and Labrador, Canada
Recipient Type
For-profit organization
Business Number
895438307
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2019-10-28 | 2019-20 | $4,000,000.00 |
| 1 | 2019-10-28 | 2019-20 | $4,000,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The legal name of the recipient has been amended.
Additional Information (French)
Cet accord a été modifié 1 fois Le nom officiel du destinataire a été modifié.
Agreement End Date
2022-10-31
Agreement Number
934730
Agreement Start Date
2019-10-28
Agreement Title
Transformational Financial Crime Detection
Agreement Title (French)
Détection de la criminalité financière transformationnelle
Agreement Type
Contribution
Agreement Value
$4,000,000.00
Amendment Date
2021-04-27
Amendment Number
1
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Verafin will transform the financial crime detection industry by utilizing new technologies in our cloud environment to help the Firm design, develop, test, and deliver innovative Financial Crime Management solutions that meet the needs of the largest financial institutions in the United States.
Description (French)
Verafin transformera l'industrie de la détection des crimes financiers en utilisant de nouvelles technologies dans notre environnement en nuage pour aider l'entreprise à concevoir, développer, mettre à l'essai et fournir des solutions innovantes en matière de gestion des crimes financiers qui répondent aux besoins des plus grandes institutions financières aux États-Unis.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
St. John's East
Federal Riding (French)
St. John's-Est
Federal Riding Number
10006
NAICS Code
541514
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
895438307
Recipient City
St. John's|St. John's
Recipient Country
CA
Recipient Legal Name
Verafin Solutions ULC
Recipient Postal Code
A1A0L9
Recipient Province or Territory
NL
Recipient Type
F
Reference Number
172-2019-2020-Q3-934730
