As regulatory demands and market conditions constantly change, investing in robust risk analytics is becoming not only a business necessity, but an essential
Risk.net
AML 2.0 – The new wave of borderless, perpetual compliance
17 Nov 2020
Andy Mantzios, Vice-President, Global Head of Client Solutions, Fenergo
Angela Johnson de Wet, Head of Risk for IT Change and New Technologies, Lloyds Banking Group
Paul Clandillon, European Practice Leader for Fraud and Financial Crime, IBM
Moderated by: Phil Harding, Contributing Editor,
Risk.net
The compliance process is broken.
Fines for non-compliance continue to increase in size and volume. Cross-border compliance, in particular, still poses a significant challenge for most financial institutions. Siloed views and manual processes mean financial institutions are forced to add more people to manage the compliance process, which only drives up cost and time, and puts operations at risk of missing something pertinent. All of this has an impact on customer experience.