Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

January 2022

Building Resilience to Financial Crime: the Convergence of Cyber Intelligence, AML, and Fraud Prevention

The idea of converging cyber intelligence, AML, and fraud prevention activities to eliminate the gaps between these silos of financial crime risk management has been discussed for years. However, recent developments in global real-time payments, open banking, and booming digital transactions have escalated the need for this convergence. In this era of instant payments and CNP transactions, traditional siloed approaches to financial crime prevention are loosing their effectiveness.