Fortent has launched a case management tool to support its financial crime software suite. Coping with high volatility in credit portfolios and earnings, financial service firms are embracing new solutions to help them manage risk throughout their operations. Investigations of suspected criminal activity within a financial institution can often be cumbersome and inconsistent, exposing the institution to additional monetary loss as well as regulatory risk. Expanding on the company’s existing case management capabilities, it claims the new independent Case Management system allows banks, securities firms, and insurance companies to standardize and streamline the investigation process. The system is designed with a built-in ‘business logic’, or set of industry best-practice rules specific to each case type – from suspected fraud and employee theft to money laundering and Know Your Customer cases originating from alerts triggered by monitoring systems.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.