How Innovation is Helping Risk Teams in the Fight Against FinCrime

Article

As financial crime grows more sophisticated, risk and compliance teams face unprecedented challenges. This latest research from CeFPro and LSEG reveals how rapidly evolving technologies both empower and endanger institutions. Will your risk strategy keep pace with the new frontiers of financial crime—or will emerging threats leave you vulnerable?

Nov 01, 2024

Mark Norman, Head of Content, Center for Financial Professionals

How Innovation is Helping Risk Teams in the Fight Against FinCrime

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

Emerging risks like fraud, cybercrime, and money laundering are growing more complex as technology evolves, pushing financial institutions to adapt swiftly.
Over 80% of risk professionals see technological innovation as a double-edged sword, boosting capabilities but also heightening threats.
Many institutions express confidence in current compliance processes, but only a third feel prepared for future risks as challenges grow in complexity.
Investment in advanced tech, such as AI-driven analytics and cloud solutions, is essential to proactive risk management, yet budget constraints limit many organizations’ readiness.