Enterprise Fraud & Compliance
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Is your bank’s reputation at risk because of a lack of fraud controls? Many banks are experiencing serious challenges trying to manage their ongoing enterprise fraud efforts. Tight deadlines combined with a lack of clear guidelines as to how financial institutions need to respond to the PATRIOT Act … (Learn more)
Cross channel fraud is growing. The increased adoption of self service tools has accelerated fraud. ATM and branch fraud are stable at 14% of total deposit fraud while credit card fraud has grown from 13% to 18% and online fraud … (Learn more)
Compliance costs are spiraling out of control. According to recently published studies, compliance costs grew significantly faster than net income and compliance spending, as a percentage of net income, grew from 2.8% to 3.7%. … (Learn more)
Regulations are growing with 1,000 new bills pending. The current mortgage crisis has highlighted the need for banks to operate more effectively and has brought the Federal Government to their doorsteps. Aite Group reports that the number of bills pending in Congress for regulatory compliance exceeds … (Learn more)
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