Overcome Pandemic’s Impact on Financial Crime Compliance

Our infographic shows the top areas being impacted by the pandemic and how financial institutions are responding to these issues. We also look at how these ongoing pressures are driving increased compliance costs.

The infographic outlines how specific activities have been impacted across compliance departments during the pandemic and the resultant remote working period, including:

• 91% reported a negative impact on customer risk profiling
• 83% reported negative impact on sanctions screening
• 78% reported a moderate to significant negative impact on Know Your Customer (KYC) for account onboarding

Operational issues and cost pressures stemming from the COVID-19 pandemic are testing financial institutions everywhere. Investing in technology solutions can help alleviate some of these pressures and limit cost increases. Our solutions combine advanced analytics and unmatched global identity intelligence with innovative financial crime to deliver precise risk perspectives that enable compliance teams to recognize relevant risk and complete critical financial crime compliance processes efficiently.