Vision Report

Blockchain Will Transform And Radically Improve Fraud Management And Anti-Money-Laundering

Blockchain Will Allow Financial Institutions And New Vendors To Challenge The Status Quo

March 21st, 2018
Andras Cser, Vice President, Principal Analyst
Andras Cser Vice President, Principal Analyst
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
With contributors:
Merritt Maxim , Elsa Pikulik , Peggy Dostie

Summary

Financial institutions (FIs) find it increasingly difficult to meet tough new anti-money laundering (AML) and enterprise fraud management (EFM) requirements while also maintaining their edge to win, serve, and retain customers in a manner that maintains confidentiality, integrity, and empathy. AML and EFM play a leading role in compliance and loss reduction — and blockchain and digital ledger technologies offer significant benefits in both areas. This report presents a blueprint on how security and risk (S&R) pros can use blockchain, as it matures into a technology and process backbone, to re-architect and augment their AML and EFM systems.

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