VeriLeaf
- Company typePrivate
- Founded2019
- HeadquartersCedar Park, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What VeriLeaf does
VeriLeaf, doing business as RiskScout, is a cloud-based RegTech SaaS platform providing BSA/AML compliance, fraud detection, and KYC/KYB onboarding for US community banks and credit unions, with particular depth in higher-risk verticals such as cannabis, hemp, money services businesses (MSB), FinTech/Banking-as-a-Service sponsorships, and non-resident aliens. The platform unifies transaction monitoring, customer onboarding, due diligence collection, SAR/CTR filing, case management, and ongoing customer monitoring into a single login, replacing the multi-vendor legacy stack typical at smaller institutions. The technical stack is React on a Ruby on Rails GraphQL API, with FastAPI and NestJS services, Postgres/Redis/Elasticsearch, Sidekiq background processing, and Dagster orchestration, hosted on Google Cloud with Kubernetes and BigQuery for analytics. RiskScout integrates with all major US core banking platforms (Jack Henry, Fiserv, FIS, Finastra, DCI, CSI/NuPoint) and adds third-party check fraud detection via Mitek Systems. Differentiated products include FirstPass for KYC/KYB verification across 50 states with OFAC/sanctions/PEP screening and adverse media monitoring, and a suite of "AI Scout" automation agents covering investigation, behavior analysis, filing, onboarding, and enhanced due diligence workflows. The company was founded around 2019 by Justin Fischer (CEO, previously at Q2ebanking) and Josh Keys (CTO, previously at RackSpace), with team credentials including a former OCC National Bank Examiner as CPO and an award-winning BSA officer as SVP of Compliance.
RiskScout makes money primarily through SaaS subscription contracts priced on the asset size of the financial institution, sold annually and bundled without per-feature add-ons. Additional revenue comes from wholesale licensing arrangements to credit union service organizations (CUSOs) and banking associations that resell to member institutions, plus professional services for implementation and advisory work. Go-to-market is sales-led with direct enterprise engagement through the website (Request Demo CTAs) and channel-driven distribution through core banking providers, CUSOs, and industry associations such as United Bankers Bank, CBA, Bankers-Helping-Bankers, and ACB. The company targets community financial institutions of all sizes, especially those serving complex higher-risk markets, with a remote-first operating model headquartered in Austin, Texas.
The company's reported customer outcomes are concrete and operationally significant: 64% reduction in investigation times, 40% reduction in SAR/CTR filing times, 80% faster onboarding processing, 73% overhead reduction through AI behavior analysis, and 53% automated document retrieval. Named customers include TFNB Bank, Sound Credit Union, Twin City Bank, Chesapeake Bank, Leader Bank, Woodland Bank, Stryv Bank, West Town Bank & Trust, Blue Sky Bank, and Mainstreet Bank. The business is privately held with no disclosed funding rounds, parent entity, or acquisition activity to date.
VeriLeaf firmographics
Firmographics- Name
- VeriLeaf
- Legal name
- RiskScout
- Website
- https://verileaf.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
VeriLeaf industry classification
Industry- Product category
- BSA/AML Compliance Software
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Services-Computer Programming Services (7371)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
- akta.pro secondary industries
- Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)
Keywords
Where VeriLeaf is headquartered
LocationHeadquarters
- HQ city
- Cedar Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
VeriLeaf business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Subscription (SaaS): Monthly or annual subscription fees charged in advance for platform access. Core functionality bundled together in one unified solution without add-on charges for individual features. Pricing based on financial institution asset size.
- Wholesale Licensing: License wholesale arrangements for credit union service organizations (CUSOs) and banking associations to resell to their member institutions.
- Implementation & Advisory Services: Professional services including implementation project management and advisory consulting for financial institutions seeking comprehensive support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Asset-based pricing tier |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
VeriLeaf product offering
Product offeringCore offering
VeriLeaf (doing business as RiskScout) operates a cloud-based, security-first SaaS platform that provides BSA/AML and fraud compliance automation for community banks and credit unions. The unified platform combines KYC/KYB onboarding, enhanced due diligence, transaction monitoring, SAR/CTR filing, real-time fraud detection, and AI-powered automation agents (AI Scouts) into a single solution replacing multiple legacy compliance tools. The company also delivers advisory and implementation services to support regulatory programs for higher-risk banking markets including cannabis, hemp, MSB, FinTech/BaaS, and NRA segments.
Product overview
RiskScout is a unified SaaS platform providing comprehensive BSA/AML and fraud compliance solutions for community banks and credit unions. The platform consists of the core RiskScout Platform integrated with specialized modules including FirstPass (KYC/KYB verification), AI Scout Automation (five automated workflows), Real-Time Fraud Detection, Due Diligence & Communication, Case Management & SAR Tracking, Checkpoint Scheduling, and Ongoing Monitoring. The unified architecture eliminates the need for multiple legacy systems, with features delivered in one unified solution including applications, business reviews, ticklers, transaction monitoring, and fraud alerts. Implementation provides basic features within 24 hours of signing, with complex real-time fraud and transaction monitoring fully configured within approximately 3 months.
Differentiator
Problem solved
Functional benefit
Brands
- FirstPass: Know Your Customer & Know Your Business (KYC/KYB) integrated platform for vetting applicants against industry data, running OFAC checks, licensing lookups, and adverse media searches.
Products and services
- RiskScout Platform A cloud-based, unified BSA/AML and fraud compliance platform that replaces multiple legacy solutions. Provides transaction monitoring, customer onboarding, due diligence, SAR/CTR filing, ongoing monitoring, and real-time fraud detection for community banks and credit unions across higher-risk markets.
- FirstPass KYC/KYB verification and monitoring module that runs comprehensive business reviews with data verification across 50 states, EIN verification, UBO associations, OFAC, sanctions, and address checks. Includes license lookups for cannabis, hemp, and MSB industries and adverse media monitoring across 50+ international categories.
- BSA/AML Advisory Services Expert advisory services including Quick Start packages for FinTech and Cannabis market entry, custom compliance program development, consent order resolution, risk assessments, policy and procedure development, training, and ongoing staff augmentation for BSA/AML programs.
Quantifiable outcome
- 64% reduction in investigation times
- +5 more outcomes
Companies that use VeriLeaf
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles3 records
VeriLeaf technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability7 records
Feature6 records
VeriLeaf partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- DCIcoreCore banking provider partnership. DCI is a core processor for credit unions and banks. Partnership enables integration and co-marketing of compliance solutions.
- FIScoreMajor core banking provider and technology company. RiskScout selected for FIS FinTech Accelerator Program. Integration with FIS systems for compliance automation.
- Mitek SystemscoreCheck fraud detection integration partnership. Mitek analyzes 20+ attributes of every check image against a consortium of verified checks across financial institutions nationwide. When fraud is detected, it escalates directly to a case inside RiskScout.
- United Bankers Bank (UBB)coreBanking partner and reseller of RiskScout solutions to their network of financial institutions.
- CBA Community Bankers Association of AmericaminorBanking association partnership providing co-marketing and distribution of RiskScout solutions to member banks.
- Bankers-Helping-BankersminorBanking industry organization partnership for co-marketing and referral of compliance solutions.
- ACB Association for Cannabis BankingminorCannabis banking association partnership for education and awareness of compliance solutions for banking cannabis businesses.
- omniCommanderminorCompliance and security solutions partner with co-marketing relationship.
- Capstone BanktechminorBanking technology reseller partnership for distribution of RiskScout solutions.
- BradleyminorProfessional services partner with co-marketing relationship for compliance solutions.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
VeriLeaf competitors and assessment
Company assessmentDirect peers
- ComplyAdvantage: ComplyAdvantage offers AML/KYC, transaction monitoring, sanctions screening, and adverse media data — directly comparable to RiskScout's FirstPass and ongoing monitoring modules, especially for fintech and higher-risk customer segments.
- Persona: Persona is a configurable KYC/KYB and identity verification platform serving fintechs, crypto firms, and banks — directly comparable to RiskScout's FirstPass for customer onboarding, UBO checks, and adverse media screening.
- Verafin: Verafin is one of the closest direct peers: a SaaS BSA/AML, fraud detection, and FRBC compliance platform focused on US community banks and credit unions, with very similar go-to-market and feature set (transaction monitoring, SAR filing, KYC, fraud analytics).
- Unit21: Unit21 provides transaction monitoring, fraud detection, and case management infrastructure for banks and fintechs. Its no-code rules engine and AML case management directly overlap with RiskScout's transaction monitoring and SAR tracking modules.
- Alloy: Alloy is an identity verification and fraud decisioning platform for banks and fintechs. It overlaps with RiskScout's FirstPass KYC/KYB and onboarding automation use cases for digital-first banks and BaaS sponsors.
- Featurespace: Featurespace builds adaptive behavioral analytics for fraud and AML transaction monitoring. Its AI-driven anomaly detection competes with RiskScout's Behavior Scout and AI-led fraud automation within the same financial-crime compliance category.
- Jack Henry Banker's Toolbox: Banker's Toolbox (a Jack Henry company) sells AML, fraud, and compliance SaaS directly to community banks and credit unions — the same buyer profile RiskScout targets, with overlapping BSA/AML and fraud modules.
Broad incumbents
- NICE Actimize: NICE Actimize is the dominant incumbent in enterprise AML, fraud, and KYC for financial institutions. RiskScout's AI Scouts and unified UX position it as the modern challenger to NICE Actimize's enterprise suites for smaller and higher-risk FI segments.
- SAS Compliance (SAS Anti-Money Laundering): SAS provides enterprise AML, sanctions, and KYC analytics used by large banks. It competes with RiskScout for AML/transactions-monitoring spend and represents the legacy on-prem/analytics incumbent that RiskScout's bundled SaaS attacks.
Emerging players
- Sardine: Sardine is an AI-native fraud and compliance platform focused on fintechs and digital banks, with KYC, transaction monitoring, and fraud scoring. It overlaps with RiskScout's fintech/BaaS customer segment and AI-driven AML automation positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VeriLeaf social profiles
Digital presenceVeriLeaf compliance and trust
Trust signalCompliance5 records
VeriLeaf financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeriLeaf leadership team
Management profileNumber of profiles
Profiles6 records
VeriLeaf funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeriLeaf M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeriLeaf
What does VeriLeaf do?
VeriLeaf (doing business as RiskScout) operates a cloud-based, security-first SaaS platform that provides BSA/AML and fraud compliance automation for community banks and credit unions. The unified platform combines KYC/KYB onboarding, enhanced due diligence, transaction monitoring, SAR/CTR filing, real-time fraud detection, and AI-powered automation agents (AI Scouts) into a single solution replacing multiple legacy compliance tools. The company also delivers advisory and implementation services to support regulatory programs for higher-risk banking markets including cannabis, hemp, MSB, FinTech/BaaS, and NRA segments.
Is VeriLeaf a public or private company?
VeriLeaf is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was VeriLeaf founded?
VeriLeaf was founded in 2019. It employs 1 to 10 people.
Where is VeriLeaf based?
VeriLeaf is headquartered in Cedar Park, United States, in the North America region.
How does VeriLeaf make money?
Three revenue lines are on record. Software Subscription (SaaS) is the primary driver. The others are wholesale Licensing and implementation & Advisory Services.
Who are VeriLeaf's main competitors?
Direct peers on record are ComplyAdvantage, Persona, Verafin, Unit21, Alloy, Featurespace and Jack Henry Banker's Toolbox. Broad incumbents are NICE Actimize and SAS Compliance (SAS Anti-Money Laundering). Sardine is listed as an emerging player.
Does VeriLeaf have an API?
Yes. FirstPass is accessible via a modern API allowing developers to integrate KYC/KYB features into their applications. The API enables programmatic access to input methods and report data retrieval. The platform also offers API Docs at http://docs.riskscout.com for developer integration purposes. Developer documentation is at docs.riskscout.com.
What industry is VeriLeaf in?
VeriLeaf's product category is BSA/AML Compliance Software. Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening), with a secondary code of BPAMAEAI, Fraud Prevention & Identity Verification (IDV/KYC). Its NAICS code is 541511 and its SIC code is 7320.