EMEA businesses weighed down by 85bn finance compliance cost

The True Cost of Financial Crime Compliance Study was conducted by Forrester Consulting on behalf of LexisNexis Risk Solutions.

The study is based on responses from 482 senior decision-makers responsible for financial crime compliance at EMEA-based financial institutions, including the Baltic States,It highlights key pain points related to the cost, current state and challenges presented by financial crime compliance operations.

Similarly, 70% of financial institutions have confirmed cost escalations for technology related to compliance and know-your-customer software.The report notes that labour costs are driving increases in expenses, emphasising the substantial investment required in highly qualified resources to meet stringent compliance requirements.

25% of companies identified financial crime involving digital payments, while 23% reported heightened use of both cryptocurrencies and AI,

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Join a Dynamic Technology Company as a Technical Support AgentA dynamic Technology company in Centurion is seeking a strong technical and solutions-driven Technical Support Agent to provide first-line support for all residential and business customers. The agent will assist clients and log their requests, ensuring customer satisfaction and continuous service delivery. Applicants must have a background in Telecommunications and a valid driver's license.
Источник: ITOnlineSA - 🏆 16. / 63 Прочитайте больше »