Financial Crime and Compliance50 2024

The inaugural Financial Crime and Compliance50 (FCC50) ranking and report from Chartis Research marks the first time we have ranked and recognised the vendors in the FinCrime and compliance space, a market likely to be worth more than $26 billion by the end of next year. As with our other ranking reports, our detailed analysis for FCC50 considers firms’ technological advances and strategic direction to provide a complete view of how market leaders are driving transformation in this sector.

While criminals have become more advanced and use more sophisticated technology, those fighting them now have many more tools of their own. Crucially, industry players are also learning how to collaborate, communicate and innovate.

Financial institutions are becoming more savvy, with a more astute understanding of what constitutes value. They know that by leveraging technology and data insights effectively, they can protect themselves and their customers and comply with the law. But many of the tools they have just aren’t up to the job and/or cost too much to run, making lower cost of ownership and solution affordability increasingly critical.

Meanwhile, the drive to widen the availability of FinCrime solutions is being helped by several technological advances, including cloud hosting, containerization and no-code interfaces. And AI, of course - which, while a potentially big disruptor in the space, operates on the core principles of effective innovation: it must be practical, explainable and impactful.

All the rankings and results can also be viewed online here.

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• Topics
• AI & Machine Learning
• Global
• Compliance
• Risk
• Financial Crime
• Anti-money laundering (AML)
• Know your customer (KYC)
• Watchlist monitoring