The proof of the pudding
Financial services firms are moving inexorably towards a risk-based enterprise-wide approach to financial crime management. This year's survey results highlight the improved crime-fighting performance and reduced operational cost this approach is delivering, says Norkom's David Dixon
The shift towards enterprise-wide financial crime management has been characterised in recent years by the adoption of consolidating technologies that break down technology silos without expensive rip-and-burn replacement programmes. By drawing information from an organisation's disparate detection systems, these new technologies allow them to rationalise investigation management and reap financial benefits by doing so.
In the past year, the number of organisations using a single consolidating
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