Financial crime and fraud detection trends around the world. Risk and compliance departments are under increasing pressure to develop long-term fraud detection and money-laundering mitigation strategies to prevent financial crime and reputation loss. Banks have been plagued by huge money-laundering scandals that have made headlines during the previous decades. PSD2 and Open Banking have created an interesting market for emerging Fintechs, which has disrupted traditional banking. This forces financial institutions to innovate and adapt to the demands of millennials, boomers and digital-savvy zoomers.
In a saturated market, competition is fierce, and the stakes are high. Governance, Risk and Compliance (GRC) solution providers all claim to offer the best value proposition. Let us have a look at the actual fraud landscape and at regional financial crime and fraud detection trends.
This in-depth study explores financial crime and fraud detection trends in the Asian-Pacific region, in Latin America, UK and the EU.
Click here to read this in-depth study that I have written on behalf of Fraudio.