An integrated approach to financial crime
Joining the dots
The pressure to tackle financial crime has never been greater. Tightening regulation, demands for integrity and increasing criminal sophistication are combining to create a perfect storm.
Firms need to take an integrated approach to combat financial crime, aligning people, strategy, data and technology to provide a unified view of risk.
The pressure to tackle financial crime has never been greater. But tightening regulation, growing demands by customers for integrity in firms’ financial dealings and increasing criminal sophistication are combining to create a perfect storm for the financial services sector.
Taking an integrated approach to tackling financial crime improves risk management and customer service.
Firms need to invest in bringing their data together to create an integrated approach to financial crime. Such an approach will align all business capabilities, including strategy, people, processes, technology and data, towards a more unified view of risk.
In a world where everything and everyone has a digital connection, crimes are growing in subtlety and sophistication, and are becoming much harder for firms and law enforcement authorities to spot.