PR Newswire | New Independent Research Study Reveals Majority of Global Financial Institutions Are Unable to Respond Effectively to Fraud and Financial Crime
In below article from PR Newswire, seventy-five percent of the world's largest retail banks report increase in time to identify and investigate money laundering and scams, cite lack of integration among fraud, AML and cyber teams and tooling a major source of operational inefficiency and decreasing efficacy.
NEW YORK and TEL AVIV, Israel, June 1, 2023 /PRNewswire/ -- BioCatch, the pioneer of behavioral biometric intelligence and a leader in digital fraud detection, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of BioCatch: "Improve Fraud and Anti-Money Laundering Operations With A Proactive And Unified Approach." The research reveals the reality about the concern and readiness of the world's largest banks' ability to effectively respond to the changing fraud and financial crime landscape. This research comes on the heels of increasing media and regulatory body reports that money laundering scams are increasing at alarming rates.....
