Financial crime and fraud continues to plague global firms. They face a fight simply to keep pace with the increasingly sophisticated approaches that criminals are adopting. The annual cost for UK banks combating cybercrime and online fraud is 6.7 billion, according to the Financial Conduct Authority. Cloud technology enables banks to handle expanding regulations in an elastic way, as well as providing the necessary long-term data storage. Cloud-based compliance solutions come in, offering scalable and affordable services to banks of all sizes – even rapidly growing start-ups.”]