This post was originally published on Fin Extra
This year saw a large number of organisations being fined for fundamental AML & KYC failings. What are the key global regulatory drivers, and what is changing in the new year? As fraud is becoming increasingly more sophisticated, what is the financial crime outlook for 2026? As AI tooling becomes more prevalent, what are the key use cases in KYC, AML, and fraud applications? How are financial institutions innovating in the space? KYC arguably sits at the heart of AML and fraud prevention and has a large downstream impact. How are financial institutions adapting their KYC technology and processes, and consolidate their systems to enable KYC across functions? What role does consortium data play? How are financial institutions balancing the competing priorities of needing to get risk management right while simultaneously being under cost-pressure and needing to onboard quickly to ensure a good customer experience?
When it comes to fraud controls, KYC and AML are some of the key concerns of financial institutions going into 2026. AFP’s 2025 Payments Fraud and Control Survey finds that 79% of organisations were victims of payments fraud attacks in 2024. Simultaneously, regulatory bodies across jurisdictions are taking strong action against fundamental
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