Question · Q3 2025
Alexander Kramm asked about the fincrime business (Verafin) lagging expectations, seeking details on the drivers of slower growth, confidence for Q4 acceleration, and an update on the European bank proof of concept.
Answer
Adena Friedman, Chair and CEO, explained Verafin's growth strategy across three pillars: robust SMB sales (supported by BioCatch partnership and agentic AI), enterprise variability (with 3x more clients signed this year, driving future ARR post-implementation), and early-stage international expansion (with long sales cycles, where BioCatch partnership will aid global reach). She expressed confidence in an improving trajectory towards the end of the year and into next year.