Insights

Building societies: evolution, challenges and opportunities

Written by Rob Anderson | Jan 24, 2023 11:00:00 PM

Building societies are doing a lot to evolve to become more digitally focused – which brings unique challenges when it comes to fighting financial crime.

Navigating the ever-changing landscape of financial crime can be overwhelming, but t here are several key opportunities for Building Societies to prepare for increasingly rob ust regulatory regimes, and transition to a threat-led approach.

The key areas of focus are as follows: -

  • Invest in intelligence capabilities
  • Break down siloed approaches to financial crime
  • Enhance risk identification and control frameworks
  • Recognise that the enterprise risk assessment is paramount

Learn how to stay ahead of the game and stay protected with our new white paper on the best practices for identifying and mitigating threats and risks in a dynamic environment, a uthored by Rob Anderson - Subject Matter Expert at Acuminor.

If you'd like to request a demo for Risk Assessment Pro and try our Threat Intelligence Platform Threatview, you can do so here.