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USA Banking Survey 2019

eBook

USA Banking Survey 2019

Should Banks Adopt an Integrated Approach to Fraud Management and AML Compliance?

eBook

Introduction
For many years the US banking industry has talked about the fraud and AML compliance departments working together more closely. It’s widely discussed that convergence of the two functions will support more effective financial crime* management and improve operational efficiency. But it is difficult to gauge how far along the path to a single crimefighting unit most banks are. To understand the banking sectors strategies, concerns, and plans for financial crime integration, FICO commissioned independent research.

About the survey
This survey of 114 banks across 6 countries or regions was carried out by research company Ovum. Senior management in fraud and AML compliance functions answered a comprehensive survey. The results in this e-book focus on the responses from US respondents.

Profile of respondents

  • US banks with a minimum of 500k customers (66% of respondents had over 5 million customers)
  • Job titles: Those with direct responsibility for either AML compliance or fraud management from technology, security, fraud, AML compliance, risk, and operational compliance.