Dealing with a Growing and Public Problem

Financial services organizations (e.g. banks, investment banks, insurance companies, credit card companies and stock brokerages) have the difficult task of effectively identifying the greatest risks to themselves and to their customers, protecting both parties against unnecessary risks and satisfying regulatory requirements for greater transparency, awareness, and consolidation of information across the organization. For many such organizations, this challenge is compounded by a stagnant or even shrinking budget allocation, making these tasks even more daunting. Financial services organizations (e.g. banks, investment banks, insurance companies, credit card companies and stock brokerages) are increasingly realizing that they must move beyond the traditional reactive and siloe’d approach toward a more comprehensive Financial Crime Risk Management (FCRM) strategy.