Company: Nice Actimize
Category: Operational Risk
Published: 27 September 2016
Financial institutions can, and do, prevent many criminal acts through adequate controls, proper supervisory procedures, and sophisticated detection and incident management technology. But managing a complex financial crime environment is highly challenging.
Financial crime management teams are regularly being challenged through reduced budgets, changing regulatory requirements and more demanding customers who what to be protected from the risk of crime through every channel but do not want to experience additional friction or delays at the point of interaction.
This white paper discusses how effective financial crime prevention can not only mitigate the risk of threats to an organization and to its customers, but how it can also provide additional benefits such as operational efficiency and improved customer experience.