Abstract
In times of political and economic change, corruption and financial crime tend to spike. That means we should all expect 2017 to be a risky year from a compliance standpoint, setting the trend for the rest of this decade. Strains within the Eurozone, the shock of Brexit, the surprise result of the US elections, further terrorist attacks, revolutions in the Islamic world and other factors create an environment that is begging for change. In times of political and economic change, corruption and financial crime tend to spike. That means we should expect 2017 to be a risky year from a compliance standpoint. Analytics-powered tools will see more widespread adoption, especially as anti-fraud and money-laundering regulation becomes stricter. In order to remain compliant and to protect themselves, banks and other financial services providers across the world should seek the help of AI and advanced analytics technology that can offer them the capabilities this fight requires, says Frank Holzenthal of FICO.
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