Technology will transform the compliance landscape, making it a slicker, more effective, resilient and an efficient machinery.
This will become a competitive advantage to organizations, because a compliance team that can adapt by quickly onboarding customers, identifying only truly suspicious behaviour and investigating any activity quickly and accurately …will reduce friction for legitimate customers.
This will result in a better customer experience, increased loyalty and business revenue.
In such challenging times, this is proving to be extremely crucial to organizations.