Unit21 is thrilled to announce the release of its “The State of Fraud and AML” Report for the second consecutive year.
📅 In this year’s report, they conducted surveys involving 264 Risk and Compliance professionals worldwide 🌎 to gain valuable insights into their perspectives on the battle against fraud and money laundering. The report also sheds light on how they envision the industry’s future and their evolving approaches.
One significant finding that stands out❓
An impressive 71% of respondents expressed that their top priority in the coming 12 months is the integration of automation into their manual processes.
This revelation isn’t unexpected, given the prevailing market conditions. Many financial institutions are feeling the pressure to reduce their workforce and trim budgets. Consequently, leaders are confronted with the challenge of achieving the same KPIs with reduced resources, typically experiencing a 15%-20% reduction in both workforce and budgets.
By FCCT Editorial Team
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