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Staying ahead of fraudsters and organized criminals is a major challenge for financial institutions. This report summarizes the latest threats and some of the emerging strategies and solutions on offer to counter them.


  • Enterprise-wide solutions help ensure that financial groups are defended robustly. With manpower-intensive processes a heavy burden on banks' cost ratios, the greater operational efficiency provided by using newer systems is just as important as their improved effectiveness.
  • With 54% of banks planning to increase anti-fraud IT spending in 2016–17, according to Ovum's ICT Enterprise Insights survey, it is critical that money is spent wisely to procure effective counter-fraud systems.

Features and Benefits

  • Learn why enterprise-wide solutions are critical to defend against the latest threats.
  • Evaluates the benefits of using wider data sources and machine learning in fraud detection and compliance.

Key questions answered

  • What are the latest financial crime threats that banks face?
  • What are the best new solutions to improve payment security?

Table of contents


  • Catalyst
  • Ovum view
  • Key messages


  • Recommendations for enterprises
  • Recommendations for vendors

Attacks are doing more damage, quicker

  • External threats are becoming more dynamic
  • Employee fraud and misconduct risks heavy financial losses
  • Customer verification vs. customer experience?

Smarter defenses help to reduce the cost and increase the efficiency of the fight against crime

  • Enterprise-wide solutions reduce gaps and maximize returns from existing defenses
  • Data and insights help defeat attacks and improve compliance
  • Machine learning is key to cost efficiency in meeting new regulations and improving existing detection models


  • Further reading
  • Author

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