Using Analytics in Banks
Using continuous monitoring
With banks facing heightened regulatory and public scrutiny in many countries, using advanced analytics to help identify potential wrongdoing sooner may be a strategic and operational imperative.
This article discusses how contemporary data analytics can help banks enhance their continuous monitoring to help detect potential wrongdoing more quickly and efficiently, providing greater ability to take remedial action before whistleblowers and regulators spring into action. The article sets out four recommended actions.