The rise of digital banking, faster / real-time payments and open banking have also created one of the biggest pain points for the banking industry – real-time fraud. Newer threats and an ever-changing regulatory landscape now demand more robust processes and innovative approaches to combat financial crime, while delivering frictionless customer experiences. Converging real-time Enterprise Fraud Management and real-time AML into a singular holistic unified real-time Fraud Risk + AML (FRAML) Compliance platform can deliver powerful benefits to Financial Institutions.
