Analytics enables banks to comply with regulations and reduce the risk of fraudulent practices in four major areas. These innovation-driving areas include identifying suspicious transactions, staying within the law to uncover predatory lending practices, defending against online threats and
Banks need a good strategy to keep from being blitzed by money laundering. Banking analytics can give financial institutions the offensive strength to put money laundering on the run—and keep it that way.
Are you ready for ISO 20022? The new standard for electronic payments will affect financial institutions globally, which means that you’ll be faced with data archiving challenges. Amid growing volumes of transactions, you must also retain data as long as 10 years for compliance, a requirement that