Aite Impact Report: Financial Crime Convergence

Aite Impact Report: Financial Crime Convergence: Think Collaboration, Not Consolidation

Financial institutions have long had invisible silos in place that kept their organization’s fraud, AML, and cybersecurity teams separated from each other. These silos are fraudsters’ best friend, enabling criminals to exploit fragmentation to evade detection.

The Aite Impact Report, Financial Crime Convergence: Think Collaboration, Not Consolidation – based on input from 18 financial services executives across the U.S. and Canada – highlights the importance of organization-wide financial crime collaboration and alignment is for financial institutions to address new financial crime risks.

Findings in the report include:

  • 94% of FIs are actively pursuing increased convergence;
  • 44% of respondents indicated they are bringing different units under a common organizational head;
  • Key differences between segregated, partially integrated, and fully integrated models.

Download the report!

Download Now

Uncover Your Hidden Fraud Risk

and Save Money

Don’t let outdated, legacy fraud detection solutions cost you.
Most systems are blind to the subtle patterns and emerging threats that cost businesses millions, but Feedzai goes deeper.

We’ve successfully replaced every major provider, reducing fraud losses each time. Schedule a free risk assessment, and we’ll uncover hidden vulnerabilities in your current defenses, revealing the true cost of fraud to your business.

Schedule Risk Assessment

Page printed in November 24, 2024. Plase see https://www.feedzai.com/resource/aite-impact-report-financial-crime-convergence for the latest version.