Boston, MA, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Aite-Novarica Group is pleased to announce the winners of the 2021 Fraud & AML Impact Innovation Awards. The awards, which will be presented during Aite-Novarica Group’s Financial Crime Forum taking place virtually September 14 and 15, 2021, recognize and celebrate the industry’s leading and impactful fraud and anti-money laundering (AML) innovations.
In its first year, the Fraud & AML Impact Innovation awards program looked for organizations deploying new initiatives, products, and upgraded capabilities for more effectively and efficiently countering escalating financial crime threats and bringing our industry one step closer to next-generation financial crime fighting innovation. They are the providers and vendors, regardless of size or region, that others should look to follow.
The 2021 winners for Fraud Innovation:
- Prove for User Experience
- Nuance Communications for Operational Efficiency
- Socure Sigma Synthetic Fraud for Risk Mitigation
The 2021 winners for AML Innovation:
- Featurespace
- Symphony AyasdiAI
- Quantexa
The award winners and finalists were selected based on the following criteria, which were considered when scoring each entry:
- Level of innovation and competitive advantage
- Market needs assessment
- Impact on customer and end-user experience
- Impact on operational efficiency
- Financial crime risk detection and mitigation
- Level of scalability across customer base
- Future roadmap assessment
“With digital acceleration at hyper-speed, financial organizations are confronted with balancing the increasing demands for elevating customer experiences and uplifting operational efficiency against the expanding needs for building better fraud and AML control frameworks,” says Aite-Novarica Group Practice Leader Chuck Subrt. “Innovation holds the key to unlocking smarter, more efficient, and more impactful financial crime detection and prevention,” he explains.
The winners were selected by a global panel of both internal and independent experts on fraud and AML. The identification of any Aite-Novarica Group award winner or finalist is not an endorsement by Aite-Novarica Group of any vendor, product, or service.
To request additional information about Aite-Novarica Group’s Fraud & AML Impact Innovation Awards, please contact us at pr@aite-novarica.com.
About Financial Crime Forum:
Chaos and uncertainty spell opportunity for criminals, and organized crime rings continue to exploit the vulnerabilities exposed by the pandemic. As the global ecosystem gradually moves toward a new normal, financial services firms must rapidly adjust to emerging fraud and financial crime attack vectors. Chaos and uncertainty spell opportunity for criminals, and organized crime rings continue to exploit the vulnerabilities exposed by the pandemic. As the global ecosystem gradually moves toward a new normal, financial services firms must rapidly adjust to emerging fraud and financial crime attack vectors. The Fourth Annual Aite-Novarica Financial Crime Forum is the industry’s premier event where the best minds in the financial crime space convene to share their latest research and insights on fraud mitigation, authentication, and AML trends and techniques. Learn more about the Financial Crime Forum here.
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.
