Operations | Monitoring | ITSM | DevOps | Cloud

February 2021

Cloud-Based AML Services That Will Benefit Midsized Financial Institutions

There is a prevalent misconception that, compared to larger banks, midsized financial institutions are less vulnerable to money laundering and other financial crimes. Given their ubiquity, though, such a conclusion can only be described as hasty at best. In fact, institutions with USD 1 billion to USD 10 billion in assets make up 97 percent of the total number of banks in the United States.