Tag: risk scoring

Ask most organisations how mature their financial crime risk assessment capabilities are and the answers tend to be strikingly confident. Years of running assessments,...

Synthetic identity fraud is emerging as one of the more difficult threats for digital onboarding teams to detect, precisely because it does not resemble...

Compliance officers have long operated in a world of too many systems and too little time. Transaction monitoring sits in one platform, KYC data...

Coverage, precision, prioritisation, and case aging are quickly becoming the measures that reveal how an AML programme actually behaves when pressure hits. They show...

A global asset manager found itself stuck with outdated processes that were slowing down its compliance efforts and creating unnecessary risk. Zeidler Group was...

FinTech startups are often encouraged to prioritise rapid product releases and worry about compliance later, but this approach increasingly proves costly. For many young firms,...

As the FinTech industry continues to embrace artificial intelligence, many compliance professionals are left questioning whether AI is truly the future of Know Your...

Identity verification has become a foundational step in digital onboarding, ensuring new users are who they claim to be without requiring in-person interactions. According...

In the world of anti-money laundering (AML), outdated practices are exposing institutions to risk. Many banks still process alerts in the order they were...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...