Celent x Hawk Report

Trends in Fraud & AML Convergence at US Mid-Market Banks & Credit Unions

A comprehensive overview of how mid-market banks and credit unions in the United States are perceiving and approaching the convergence of fraud and AML

Cover-mockup-D

 

Celent x Hawk Report

Trends in Fraud & AML Convergence at US Mid-Market Banks & Credit Unions

Celent surveyed mid-market banks and credit unions in the United States to gauge the appetite for fraud and AML convergence and to understand the approaches they take.

Discover:

> Pros & cons of consolidating your fraud and AML processes

> The estimated ROI of a FRAML approach

> The nuts and bolts of FRAML

> How to leverage AI for fraud and AML

More than half of US mid-market banks and credit unions see the practical and economic value of a FRAML approach and have already taken steps in the direction of fraud and AML convergence

Entity resolution-w
 
60%
 
Have implemented some degree of integration between Fraud and AML processes
prevent-losses_darkmode_rgb
 
77%
 
Expect to save over $1M within the first 5 years of convergence, and over a third of responders expect the savings to exceed $5M 
social media-w
 
53%
 
Have merged at least some of their technology/systems

Learn about the current state of FRAML in US mid-market banks and credit unions

Why is a FRAML approach becoming necessary?

  • Bild1

 

Pros of adopting a FRAML approach

  • Increased operational efficiencies