How technology can help combat Financial Crime in retail banking 
(21/01/2009)
The increasing amount of overlap and duplication of data, tasks and processes in their anti-fraud and anti-money laundering divisions is driving banks to seek synergies between compliance, risk management and security.
A new report "Using Technology to Combat Financial Crime in Retail Banking" looks at the regulatory requirements and growing exposure to risk that drive the adoption of anti-financial crime application and strategies. It provides insight into potentially emerging threats, and the increasing cost pressures that affect the anti-financial crime area.
The technology and vendor landscape section offers an in-depth insight into the overall AML and anti-fraud architecture. The go-to-market section provides the necessary intelligence for vendors to formulate their marketing strategy.
The ongoing development of the digital economy brings with it unwanted side effects. The lack of counter-measures to unintended uses of new payment methods, customer data theft and a growing cyber-crime community is resulting in an increased number of financial crime events.
In order to enhance their marketing messages, vendors should focus on addressing the most important customer paint points. For many banks, the top priorities when investing in anti-financial crime solutions are effective monitoring and detection capabilities, as well as strong workflow capabilities to support effective investigations.
Reasons to purchase this report:
- Gain insight into the challenges faced by retail banks seeking to develop their anti-financial crime practice.
- Understand the technological evolution of anti-financial crime solutions and vendor offering landscape
- Gauge how market conditions are shaping the development trajectory of the anti-financial crime discipline
Click here to purchase the "Using Technology to Combat Financial Crime in Retail Banking" report.
Related topics: Authentication and identity management Data management and data security Fingerprint biometrics Physical protection
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