THE FCC-7 INSIGHTS
Seven minutes to learn something new about FCC
What does it take for Financial Crime Compliance utilities to succeed?
According to recent Celent estimates, the financial community spends around 30 billion USD every year at global level to fight financial crime. All players (financial institutions, fintechs and increasingly corporates as well) massively invest at individual level to comply with increasingly complex and far-reaching regulations, often with unintended negative side-effects in terms of end-customer experience and pace of innovation. And yet, the outcome is still really disappointing. It is estimated that only 1% of financial crime is actually prevented….