Financial crime research
29 research papers
RiskTech100® 2017
Welcome to Chartis’s RiskTech100® report for 2017. Now in its eleventh year, the RiskTech100® is globally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology. This year we’re delighted to feature additional insight from our…
Spotlight on KYC
Know Your Customer (KYC) is the process a business undertakes to verify the identity of its clients. A core component of KYC, the Customer Identification Program (CIP) process, has typically been conducted when a customer is physically present to meet with their banker and copies of documents are…
Preparing for MAD II
The second EU Market Abuse Directive (MAD II) is due to come into force in July 2016. In analyzing the level of preparation of financial institutions (FIs), it is clear that the majority are unprepared for the 2016 deadline. They are still in the process of performing their risk analysis, and then…
The Evolution of Crime Analytics – Leading Practices from Wynyard
The accessibility and availability of electronic communications have greatly increased the potential for crime. Not only is technology more widely available to potential criminals, but also the potential scale of losses to companies has broadened. Crime analytics serves a two-fold purpose – to…
FircoSoft Vendor Highlights Report
In the past, many firms felt powerless to prevent financial crime and simply wrote it off as the cost of doing business. In the last two decades, however, the combination of greater regulatory pressure and the increased costs of financial crime to firms have led to financial crime management…
Enterprise Fraud Management Solutions for Financial Services 2013
Financial crime has become a growing threat and area of concern for financial institutions due to a confluence of factors: • The economic climate has proved more conducive to fraudsters and less conducive to financial institutions writing fraud off as the cost of doing business • Increases in…
Anti-Money Laundering Solutions 2013
Anti-money laundering (AML) solutions were originally implemented by financial institutions in response to the first wave of money laundering regulations in the late 1980s and early 1990s. However, in the past five years, there has been renewed interest in AML solutions and a fresh wave of…
Insurance Fraud in the US
The cost of fraud to insurance firms has been estimated at €8bn in fraudulent payouts in the EU and at $30bn for property and casualty fraud in the US. Despite the fact that an estimated 10-15% of annual premiums go towards the cost of fraud, many insurers seem resigned to accepting a certain level…
Customer Relationship Risk
Presentation covering: Focus on customer relationship risk Dramatic, historic market changes - Credit Crisis - Liquidity at a premium - Bank Equity under pressure, resulting in less lending Economic Downturn What does that mean to customer profitability? Which banks and other financial institutions…