Contribute To Stronger Company Performance With Effective Compliance This new white paper from Aite Novarica details how a dynamic, data-driven compliance strategy optimizes risk decisions. Financial institutions (FIs) are being impacted across multiple fronts by digital acceleration, pandemic-driven operating constraints, hyper-connected cybercriminals and overlapping regulatory requirements. Financial Crime Escalating: The Imperative for a Holistic Risk Assessment, details how an integrated and data-driven approach to financial crime compliance can help alleviate these issues and optimize co ..read more

Annual financial crime compliance costs in the U.S. are up 95% for mid/large financial institutions since the beginning of the COVID-19 pandemic to a total of almost $41 billion according to the LexisNexis® Risk Solutions 2021 True Cost of Financial Crime Compliance Study. The total overall for U.S. and Canadian financial institutions is almost $50 billion. Overburdened compliance teams are contending with rising costs and widespread operational disruptions that contribute to decreased productivity and onboarding delays. Let’s explore the drivers impacting today’s compliance outlook and strat ..read more

Market forces, demographics and the shifting expectations of a whole new generation of investors has led one Wealth Manager at Invesco to completely rethink their approach to Know Your Customer (KYC) procedures, in an industry characterised by tradition and long-established ways of working. Gerard Green, EMEA Head of AML at Invesco explains to Nina Kerkez how acting quickly to embrace emerging digitisation trends was essential to avoid a significant negative impact on their business. NK:  What’s driving the need to digitalise? GG: The shift was underway long before the pandemic struck ..read more