Whether it is anti-money laundering, fraud, conduct or sanctions, financial crime is a global problem. Preventing and detecting suspicious activity is rapidly becoming one of the greatest challenges for financial institutions—impacting not just monetary losses but reputation, brand, culture, relationships and regulatory censure.
Built on the premise of sharing code, our digital crime fighters are changing the game.
Risk Proof consolidates the disparate parts of a risk assessment into one place—making the process visual, interactive, trackable and actionable—from setup through analysis. We help you better understand how threats connect to each other and to your business.
The digital marketplace is our unique approach to bringing technology advances and our industry-leading experience together in a way that drives innovation and addresses business objectives for our clients. By sharing our experiences and our code, we hope to foster an increased focus on open collaboration within the financial services community. It is our way of breaking down silos that have limited innovation in this space and helping everyone explore problems from new perspectives.
PwC supports your people and services by offering multiple tools, including:
“The challenge for banks to comply with BSA requirements persists due to dynamism of money laundering and terrorism-financing methods. Also, bank offerings using new or evolving delivery channels may increase customer convenience and access to financial products and services.”
“PwC designed and implemented several bots to help optimize some of our most repetitive and duplicative tasks. The bots we’ve implemented have reduced error rates and allowed our investigators to focus more on complex tasks rather than data preparation activities.”
“I see the team here more as advisors—trying to help us on the journey of where we need to get to as an organization. PwC has helped us transform from an antiquated and inefficient AML function to a lean and cutting-edge program that embraces technology.”
“Network analysis provided an additional layer of monitoring to our existing suite of models while also enhancing our investigation procedures. We were able to utilize more of our data and discover new insights and risks across our customer network.”
Risk and Regulatory - Financial Services Leader, PwC US
Financial Crimes Unit Regulatory and AML Leader, PwC US
Partner, Financial Crime Managed Services, PwC US
Financial Crimes Unit Technology and Analytics Leader, PwC US
Financial Crimes Unit Anti-Bribery and Corruption Leader, PwC US