In the modern era, FIs must take a conscientious step toward implementing FRAML solutions to prevent crimes. Even though two departments inside financial institutions have traditionally handled fraud and anti-money laundering, technology-enabled FRAML solutions have demonstrated the need to coordinate data and insights between the two groups. This integrated approach has emerged as a critical strategy for combating emerging fraud and financial crime trends as dangers of financial crime keep rising as the globe moves toward a “digital-first” future. The way financial organisations manage risk is being revolutionised by FRAML. Experts from the industry joined our webinar to decode the evolving framework for FRAML solutions.
On the panel were: