Capital One wanted to streamline processes and controls for AML and fraud. The bank was able to cut its staff by 20 percent and reduce IT staffing expenses. Capital One’s infrastructure allows fraud and AML investigation activity to be integrated into the view the AML unit develops. “Consolidating into a single system helps coverage,” says NICE Actimize AML expert Tony Wicks. “Rather than trying to convince the businesses what they need to do, we let them decide,” says Kunkel.”]
Source: https://www.inforisktoday.com/case-study-aml-fraud-integration-a-4160