Tag: mckinsey

Compliance analysts are meant to be investigating risk and stopping fraud, yet much of their day is consumed by chasing documents and verifying paperwork....

Banks could unlock productivity gains of up to 20 times by deploying a workforce of AI agents, according to McKinsey.   The consultancy's estimate rests...

False positives are an inescapable feature of know-your-business (KYB) screening. When a compliance team runs a company and its ultimate beneficial owners (UBOs) against...

Artificial intelligence is reshaping financial services at pace. A June–July 2025 McKinsey survey of nearly 2,000 companies across 105 countries found that 88% were...

AI has shifted from hype to reality in financial crime prevention—and 2025 has made that clearer than ever. Across top industry events such as...

AI is transforming AML systems, redefining how financial institutions detect and prevent illicit transactions. With the United Nations estimating that up to $2tn is...

Biometrics are quickly becoming essential for financial institutions as passwords and one-time passcodes struggle against today’s advanced fraud tactics. Traditional authentication, once considered sufficient, is...

Diversity in financial services has transformed how individuals and businesses access capital. The once slow-moving world of traditional finance—where bank accounts required in-person visits—is...

As the discussion around AI agents continues to dominate the tech world, one thing remains stubbornly unclear—what exactly is an AI agent? For organisations...

Let’s acknowledge a crucial aspect from the outset – managing the Customer Lifecycle Management (CLM) journey has become an increasingly complex, costly, and challenging endeavor. This is a shared challenge across the financial sector, exacerbated by an era marked by continuous change.