A new survey by Celent of US mid-market banks and credit unions reveals a growing trend: the convergence of fraud and anti-money laundering (AML) operations. Over 90% of respondents have either started or plan to consolidate their efforts — driven by goals of cost reduction, improved detection accuracy, and greater operational efficiency.
Institutions that have already taken steps toward convergence report significant results, including savings in excess of $5 million and stronger regulatory alignment. This report explores how financial institutions are approaching convergence, what benefits they're seeing, and how AI is amplifying the impact of unified data strategies.
Download the report to learn:
- How institutions are aligning fraud and AML teams, processes, and technology to overcome challenges
- The top five benefits of convergence, ranked by your peers
- How AI improves outcomes when applied to unified financial crime data
- Key benchmarks to inform your own convergence strategy