Security News > 2019 > September > Only one quarter of retail banks have adopted an integrated approach to financial crime systems

Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading the pack, according to a survey by Ovum, on behalf of FICO. Responses show that U.S. systems are less integrated than Canada’s – only 25 percent of U.S. banks have a common reporting line for both fraud and compliance, versus 60 percent for Canada. The survey also found … More → The post Only one quarter of retail banks have adopted an integrated approach to financial crime systems appeared first on Help Net Security.

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