IDC PeerScape: Practices to Build Successful Risk and Compliance Transformations in Financial Services
This IDC PeerScape highlights several examples of banks with specific risk or compliance challenges and the actions each took to overcome it."Financial institutions cannot adequately transform themselves without appropriate digital transformation investments in back-office risk and compliance functions. The sooner banks recognize that, the sooner they will be able to achieve full digital maturity and gain certain competitive advantages over their peers." — Steven D'Alfonso, research director, IDC Financial Insights
Please Note: Extended description available upon request.
- IDC PeerScape Figure
- Executive Summary
- Peer Insights
- Practice 1: Establish Next-Gen Regulatory Change Management Technology and Processes
- Challenge
- Example
- Guidance
- Practice 2: Drive New Growth and Establish Resiliency with Loan Fraud Management DX
- Challenge
- Example
- Guidance
- Practice 3: Drive Digital Banking Adoption with Dynamic Deposit Risk Management
- Challenge
- Example
- Guidance
- Practice 4: Integrate Modern AML Transaction Monitoring Technologies to Enhance Performance
- Challenge
- Example
- Guidance
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