PREMIUM CONTENT
This is premium content, available to Connect Plus users only
Unlock this content and more with Connect Plus membership.
Join a community of professionals and get:
Join a community of professionals and get:
15% discount
on all CeFPro events.
on all CeFPro events.
Post-event access:
unlock speaker decks and audience polls.
unlock speaker decks and audience polls.
Instant insights:
Full library access the moment you sign up.
Full library access the moment you sign up.
Research
Future-Proofing Financial Crime Compliance through Technology and Risk Data Management
A recent survey from CeFPro and LSEG Risk Intelligence highlights the stark reality that traditional compliance frameworks are struggling against the sophisticated tactics employed by modern fraudsters and cybercriminals. While a majority of risk managers express confidence in their current strategies, there is a palpable concern about the future, revealing a significant gap in preparedness.
Nov 11, 2024
Mark Norman, Head of Content, Center for Financial Professionals
Tags:
Financial Crime
.png)
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- The rapid evolution of fraud and cybercrime presents a formidable challenge to traditional risk management frameworks, necessitating immediate adaptation from financial institutions.
- Despite 52% of risk managers feeling confident in their current strategies, only 35% believe they are adequately equipped to handle future risks, highlighting a concerning readiness gap.
- A majority of institutions view technology as a critical ally in enhancing compliance programs, yet budget constraints hinder investments in essential tools to combat increasingly sophisticated threats.
- Reliable risk intelligence data is paramount, as only 21% of survey respondents expressed low concern over data quality, indicating a need for improved data sources and analytics to inform decision-making.
Log in to continue or register for free
WHAT'S INCLUDED:
Unlimited access to peer-contribution articles and insights
Global research and market intelligence reports
Discover Connect Magazine, a monthly publication
Panel discussion and presentation recordings
Related insights —