Financial Crime Compliance

Improve Financial Crime Compliance With an Integrated Strategy

Explore this white paper from Aite Novarica to learn how dynamic, data-driven strategies enable businesses to successfully navigate today’s complex financial crime compliance environment.

Optimize Compliance Outcomes at the Enterprise Level


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Establish a Dynamic, Data-driven Financial Crime Compliance Strategy  

Financial Crime Compliance

Financial institutions are being impacted across multiple fronts by digital acceleration, pandemic-driven operating constraints, hyper-connected cybercriminals and overlapping regulatory requirements. This white paper from Aite Novarica: details how an integrated and data-driven approach to financial crime compliance helps alleviate these issues and optimize compliance outcomes at the enterprise level.

The white paper, Financial Crime Escalating: The Imperative for a Holistic Risk Assessment, delivers a detailed overview of the operational challenges overwhelming today’s compliance teams.  A convergence of increasing sanctions requirements, expanding regulatory expectations and the sheer volume and speed of digital commerce is distracting focus from day-to-day business.

Compliance programs are navigating these common challenges:

  • Volume and complexity of compliance regulations
  • Identification of UBOs and ownership structures
  • Regulation expanding to cover firms beyond traditional FIs
  • Emerging risks such as cryptocurrencies and cybercrime
  • Geopolitical instability and uncertainty
  • Effectively leveraging new technologies

The white paper highlights areas across enterprise operations that negatively impact compliance efficacy and customer experience:

  • How data deficiencies derail compliance decisioning and disrupt customer experience
  • The types of data that fuel holistic risk visibility
  • Where siloed compliance approaches stymy risk workflow efficiencies
  • Why point solutions inhibit proactive and more dynamic risk management
  • The role technology plays in unifying the enterprise functions of fraud prevention, cybersecurity and financial crime compliance
  • How a stronger compliance program supports increased financial inclusion

The white paper outlines how a dynamic, data-driven financial crime compliance strategy creates a more sustainable answer to ongoing challenges and operational obstacles. An integrated and holistic approach positions compliance programs to be more responsive to market fluidity, evolving regulatory pressures, escalating threat vectors and increasing customer expectations.  An end-to-end financial crime compliance strategy that includes a fully integrated customer view enables businesses to:

  • Harness operational efficiencies to reduce costs and resource demands
  • Improve the quality of immediate risk decisions
  • Increase visibility across critical customer relationships
  • Minimize friction and false positive delays for legitimate customers
  • Optimize and unify fraud prevention, cybersecurity and financial crime compliance functions

Improve financial crime compliance with a strategy that informs confident decisions so your business can concentrate on customer experience and core growth goals. Download the complete whitepaper for more details.

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This document (a) is for educational purposes only and is not intended to and shall not be used as legal advice, and (b) does not guarantee the functionality or features of LexisNexis® Risk Solutions products identified. LexisNexis® Risk Solutions does not warrant this document is complete or error-free.