Streamlining technology and integrating infrastructures are significant challenges for growing organizations. And for $71 billion Capital One Bank, rapid growth – brought on by mergers and acquisitions – created concerns about the best ways to approach risk management.
In particular, the bank’s security leaders worried about suspicious activity reporting and ongoing compliance with regulatory mandates outlined by the Bank Secrecy Act and the U.S. Patriot Act.
George Kunkel, head of anti-money laundering operations for Capital One, says the bank found itself in need of an improved way to apply consistent investigation processes and controls to its fraud and AML surveillance programs.
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Detailed report link: here