Financial Crime Risk Management Systems: Enterprise Fraud

The anti-fraud sector remains a hotbed of risk management activity. As criminals become ever more technically proficient, Financial Institutions (FIs) find themselves in a constant ‘arms race’, attempting to stay one step ahead. In recent years, the main theme in anti-fraud has been diversity. A wide range of new threats (and possibilities) has emerged, as technological changes inside and outside FIs have exposed them to faster payments, risky intermediaries, and new technical environments that include cloud deployments, ‘container’ technologies and open Application Programming Interfaces (APIs).