Financial crime is a shapeshifter. Every year, new tactics emerge, old schemes resurface with a digital twist, and financial institutions find themselves in an ongoing race to keep up. Between 2020 and 2024, SAR filings surged by 51.8%, peaking in 2023 before experiencing a marginal decline in 2024 (-0.2%). But make no mistake—this isn’t a sign of fraud slowing down. It’s a reflection of financial criminals evolving faster than ever, exploiting new technologies, economic instability, and regulatory gaps.
March 7th, 2025
Client onboarding is the gateway to a financial institutions’ (FIs) relationship with their customers. When done right, it fosters trust, ensures compliance, and accelerates revenue. However, common and wide-spread inefficiencies create customer friction, delays, and regulatory risks. Leveraging data effectively, from the start, is critical to onboarding success.
February 25th, 2025
This week, for the fourth consecutive year, NICE Actimize received the prestigious “Suitability” award from the WealthBriefing/WealthTech Americas Awards 2025. This accolade marks a pivotal moment in the evolving wealth management landscape. According to McKinsey & Company, the industry is currently experiencing a robust growth phase, driven by an increase in American wealth and increasingly complex client needs. Notably, clients are showing a greater willingness to invest in personalized, human-delivered financial advice.
February 19th, 2025
In recent years, the growing emphasis on Environmental, Social, and Governance (ESG) criteria has reshaped how businesses operate across various industries. As regulatory frameworks evolve, organizations are increasingly integrating ESG factors into their decision-making processes to not only meet stakeholder expectations but also mitigate risks. One area where this integration is gaining significant attention is Anti-Money Laundering (AML) practice as it aligns with the broader push for responsible and sustainable financial practices. The convergence of ESG and AML presents a unique opportunity to strengthen financial crime prevention efforts while aligning with global sustainability goals. In this blog we will explore the integration of ESG in AML framework, highlighting how financial institutions can integrate these critical components to enhance compliance, promote ethical practices, and create long-term value. Lastly, we will analyze how Actimize can help Financial Institutions (FI) to understand requirements, adapt ESG risk management processes, and transform their activities while remaining both efficient and compliant.
February 14th, 2025
Money laundering remains a pervasive global challenge, with its scale ever increasing. Some estimates indicate that over 6 trillion dollars are laundered each year. Unfortunately, less than 2% of money being laundered is recovered. The amount of money laundering being identified and reported to appropriate authorities is higher. However, it is hard to determine what that percentage is, but it is likely a fraction of the 6 trillion laundered by the criminals.
February 11th, 2025
Looking for love can be an online adventure. It entails swiping through profiles on dating websites and popular social apps. Unfortunately, apps have become the new playground for romance scammers.
February 7th, 2025
Financial crime continues to generate significant wealth for organized crime while continuing to cost hundreds of billions of dollars to manage for the regulated sector. If financial institutions (FIs) don’t modernize their investigative processes, they risk falling behind. Criminals exploit vulnerabilities faster than the regulated sector can respond. Alert volumes continue to escalate, and with growing operational complexity, costly compliance demands, and operational inefficiencies and bottlenecks, traditional methods are no match for today’s challenges. FIs must adapt quickly or face greater financial losses, reputational harm, and regulatory penalties.
February 3rd, 2025
NICE Actimize has once again solidified its position as a frontrunner in the realm of trade surveillance and monitoring. According to the latest report from global advisory firm QKS Group, titled “SPARK Matrix™: Trade Surveillance and Monitoring, Q4 2024,” NICE Actimize has been named the overall global leader, marking its fifth consecutive year at the top.