How technology is the only answer for tackling financial crime
The cost of global financial crime has previously been estimated to be around $3 trillion – a sum that could fund the National Health Service in the UK for 24 years.
This comparison emphasizes that it is more important than ever that banks and financial institutions use the resources at their disposal to obtain the full picture of potential customers.
In this interview with Business Reporter as part of their Studio Debates series, Encompass’ co-founders, Wayne Johnson and Roger Carson, explain how, with financial crime becoming more complex and criminals more resourceful, technology is the only answer to what is a growing problem.
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