Building an Industry-Wide View of Risk in Financial Services

Neil Katkov, head of risk at analyst firm Celent, has recently pointed out that ”financial crime is an area that is perhaps—in addition to financial risk—the most existential threat to an institution in terms of reputation.” Having a better understanding of customers enhances the ability of institutions to assess risks and evaluate information regarding how capital is being deployed, which in turn will allow the industry to operate more efficiently and responsibly.