Financial institutions consistently fail to tackle financial crime effectively, despite more than £150 billion being spent on it each year. That’s because the controls and compliance measures put in place to detect these crimes are seldom specific or targeted to the actual threats, leaving organisations exposed to loss, regulatory action and reputational risks.
We believe in a different approach. By understanding the unique risks a financial institution is exposed to, they can identify exactly how they are being exploited, allowing them to put in tailored controls to mitigate those threats and ultimately drive operational efficiency.
Let’s take action together.
Our Insights
Top 10 financial crime risks 2022
Baringa is committed to reducing financial crime and the negative consequences it has on society.
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Screening customers efficiently
Our solution helps tailor watch lists to provide a configurable, user-friendly method of managing watch list content whilst improving the data quality.
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Reshaping financial crime measures across retail banking
The FCA have asked that all retail banks analyse their financial crime controls to identify areas of weakness.
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Customer screening: cutting through worthless alerts to get to what really matters
Baringa’s Watch List Optimisation tool prevents the generation of worthless alerts and reduces total alert volumes by up to 40%.
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Customer screening: watch list optimisation
Baringa's watch list optimisation solution provides a configurable, user-friendly method of managing watch list content.
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Customer screening: challenges and potential solutions
Our watch list optimisation tool improves the effectiveness of customer screening and minimises waste.
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Typify™ - more accurately detecting Financial Crime
Typify, Baringa's investigation and analytics product, creates a fit for purpose solution that is easy to use and implement.
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Transforming the cyber and resilience function of a major insurer
Cyber and resilience aren’t just about preventing and withstanding loss, but allowing people to work effectively.
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Related Insights
De-risking Risk in Financial Services
The biggest risk a business can take right now is to be insular about risk management.
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