Global Survey Reveals Intelligence Gaps in Fraud and AML Convergence
A new study by Datos Insights and SAS reveals that while 71% of financial institutions are integrating fraud and anti-money laundering (AML) detection technologies, significant intelligence gaps persist. Despite the trend toward 'FRAML' convergence, 86% of executives report missed connections between fraudulent activity and money laundering, largely due to organizational silos and disconnected governance. The research highlights a critical 'speed gap' caused by the rise of real-time payments. While fraud systems operate in milliseconds, AML monitoring often relies on delayed batch processing. This discrepancy prevents institutions from intervening before illicit funds are moved. Although many banks share infrastructure, only 1% have successfully integrated data, models, and governance across both functions.
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Topics: Anti-Money Laundering (AML) Banking Industry Trends Financial Technology FRAML Convergence Fraud Prevention