The implication is that the financial services sector’s response to financial crime compliance is significantly more labour-intensive than technology-driven, suggesting significant gains in both efficiency and cost effectiveness could be readily achievable, through greater use of data and technology, for example to:
Through a series of in-depth interviews, the report aims to understand why this is the case and whether this balance is expected to change in the foreseeable future.
For this, we’ve probed a series of well-informed CXO perspectives: Chief Compliance Officers, Chief Operating Officers and Chief Digital or Technology Officers, with responsibility for delivering Digital Transformation.
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