A computer-implemented method for verifying financial transactions, comprising: sending, by a verification tool communicatively coupled to each of a first and a second financial institution by means of an interface module, a trigger notification (240, 245) to each of the first and the second financial institution, wherein the trigger notification is sent in response to receiving an alert notification from the first financial institution or in response to receiving, from the first financial institution, financial transaction data associated with a first financial transaction initiated between the first and the second financial institution and triggers, at a verification component (335A, 335B) of each of the first and the second financial institutions, an automated verification (250, 255) of the first financial transaction involving the first and the second financial institutions; receiving, by the verification tool, a verification notification (260, 265) from the verification component of each of the first and the second financial institutions, wherein the verification notification indicates, based on the automated verification, whether the first financial transaction is a verified transaction or an unverified transaction; comparing, at the verification tool, the verification notifications received from the verification component of each of the first and the second financial institutions to determine whether the first financial transaction is a verified transaction or an unverified transaction; and sending, by the verification tool, an outcome notification (280, 285) to each of the first and the second financial institutions, wherein the outcome notification indicates, based on the comparing, whether the first financial transaction is a verified transaction or an unverified transaction. sending, by a verification tool communicatively coupled to each of a first and a second financial institution by means of an interface module, a trigger notification (240, 245) to each of the first and the second financial institution, wherein the trigger notification is sent in response to receiving an alert notification from the first financial institution or in response to receiving, from the first financial institution, financial transaction data associated with a first financial transaction initiated between the first and the second financial institution and triggers, at a verification component (335A, 335B) of each of the first and the second financial institutions, an automated verification (250, 255) of the first financial transaction involving the first and the second financial institutions; receiving, by the verification tool, a verification notification (260, 265) from the verification component of each of the first and the second financial institutions, wherein the verification notification indicates, based on the automated verification, whether the first financial transaction is a verified transaction or an unverified transaction; comparing, at the verification tool, the verification notifications received from the verification component of each of the first and the second financial institutions to determine whether the first financial transaction is a verified transaction or an unverified transaction; and sending, by the verification tool, an outcome notification (280, 285) to each of the first and the second financial institutions, wherein the outcome notification indicates, based on the comparing, whether the first financial transaction is a verified transaction or an unverified transaction.