As published in FINTECH STRATEGY
In an era of increasing geopolitical tensions and regulatory demands, organizations must assess the risks associated with their entire network of business relationships, including suppliers, vendors, employees, and customers.
Mayank Sharma, FinScan’s Senior Product Marketing Manager, explores the growing expectations for companies to adopt a comprehensive approach to financial crime risk management. The challenge lies in managing complex ownership structures, data overload, and fragmented systems that hinder a unified view of risk. This article highlights how technological advances, such as AI and machine learning, can help businesses proactively manage these risks, enhance compliance, and protect their reputations.