Profitable Defense Against Financial Crime—As Featured in BAI Banking Strategies Executive Report

According to the LexisNexis 2020 True Cost of Fraud^TM Study, every dollar of fraud results in $3.25 of cost for financial services firms—and the monetary impact is just part of the problem. Fraud also damages company image and erodes trust, which in turn drives down customer satisfaction and loyalty. Issues of fraud are not just expensive, they’re ruinous.

Financial institutions have the data they need to prevent fraud, but it is often stored across different systems of record. Merging these into a holistic overview is the best way to protect your business. Breaking down informational silos helps you detect and stop fraud before it can impact you or your customers.