This IDC Financial Insights study shows a clear maturity in legacy solutions for managing financial crime, giving users many choices and trade-offs to consider when selecting vendor solutions. "Strategies and investments for managing financial crime must continue as a number 1 priority for compliance, risk, and IT professionals in all financial sectors," says Michael Versace, global director of IDC Financial Insights Global Risk Practice. "The business imperatives for this top priority are almost too long to list. Whether driven by the rise in terrorist financing post 9/11, the increased insensitivity to fraud activities from outside and inside the financial enterprise, or the reduced tolerance for loss and the need to modernize legacy platforms to incorporate the latest in intelligence, analytics, and workflow, financial crimes management is a budget line item that cannot afford to be reduced given trends in the market for the foreseeable future."
IDC Financial Insights: Worldwide Payment Strategies , IDC Financial Insights: Worldwide Risk Management Strategies , IDC Financial Insights: Worldwide Risk and IT Infrastructure Strategies