Asia Pacific banks lag in integrating fraud compliance functions: FICO survey

A recent survey by global analytics software firm FICO has revealed that only 18 per cent of Asia Pacific (APAC) banks have a strategic plan to fully integrate their fraud and anti-money laundering (AML) compliance functions, even though 71 per cent say that convergence will improve the ability to stop fraud and financial crimes. Continue Reading

Quantum of money defrauded in banks quadrupled in last 4 years: RBI

In its Financial Stability Report the RBI said, looking at the progress in the first half of the ongoing fiscal, the pace of frauds seems to be continuing on the upward trajectory. Continue Reading