Category: Banking, Financial Services & Insurance

Financial Crime and Compliance FCC Operations – Services PEAK Matrix® Assessment 2022

Top Financial Crime and Compliance (FCC) Operations Service Providers

Financial Crime and Compliance (FCC) operations continue to grow within the Banking and Financial Services (BFS) industry. Given the increase in regulatory norms and technology advances, banks, financial institutions, and other emerging institutions are constantly working to meet these norms and safeguard themselves from financial crimes, while maintaining their operational costs and scaling their delivery. New regulations in the financial sector call for a dynamic regulatory compliance check, which is difficult for these institutions to manage globally. The pandemic and the looming threat of a recession have added to the woes of financial institutions and impacted agent availability, operational costs, and transaction volumes.

The growing demand for FCC support and digital has opened opportunities for service providers to augment their capabilities and add offerings for advisory, platform-led services, and advanced digital solutions. For buyers, the need to increase efficiency and productivity by reducing false positives and manual intervention, as well as by mitigating profile risks, remains paramount. Service providers now have the opportunity to go beyond managing operations and transforming engagements into strategic partnerships.

DOWNLOAD THE FULL REPORT Financial Crime and Compliance (FCC) Operations – Services PEAK Matrix® Assessment 2022

Financial Crime and Compliance (FCC) Operations: What is the Scope?

  • Industry: banking and financial services
  • Sub-industry: financial crime and compliance
  • Geography: global
  • In this report, we cover vertical-specific FCC operations. We have not covered horizontal business processes, such as Finance and Accounting (F&A), Human Resources (HR), procurement, and contact center

What is in this PEAK Matrix® Report:

This report features 27 FCC operations service provider profiles, each of which includes:

  • Relative positioning of the service provider on Everest Group’s PEAK Matrix® for FCC Operations
  • Service provider market impact
  • Service provider vision and capability assessment across key dimensions
  • Enterprise sourcing considerations

This report provides a detailed analysis of the vision, delivery capabilities, and market successes of 27 FCC operations service providers and their relative position on the Everest Group PEAK Matrix® for FCC Operations. The study will assist key stakeholders, such as banks, financial institutions, FinTechs and RegTechs, service providers, and technology providers, in understanding the current FCC service provider landscape and help them in their sourcing and partnership decisions.

LEARN MORE ABOUT Financial Crime and Compliance (FCC) Operations – Services PEAK Matrix® Assessment 2022

Our Thinking

Ins IT AR 2018 Insrr of ftr 2
Market Insights™

Insurer of the Future: Invisible Protection Provider

Ins IT AR 2018 Insrr of ftr
Market Insights™

Insurer of the Future: From Insuring Loss to Ensuring Protection

RR Cmplnc PM investments
Market Insights™

Strategic Data and AI Investments for Risk & Compliance Management

RR Cmplnc PM cmpttv advntg
Market Insights™

Future Risk & Compliance in Banks

Ronak
Webinars

Delighting Insurance Customers Through a Simplified Experience

FCC Operations
PEAK Matrix®

Financial Crime and Compliance FCC Operations – Services PEAK Matrix® Assessment 2022

Manu Aggrawal bio small
Webinars

Unraveling the Complexities of Financial Crime Data Management

Chirajeet Sengupta opt
Webinars

Building the Digital Bank of the Future: The Emerging Role of Quality Assurance

What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

Request a briefing with our experts to discuss the 2022 key issues presented in our 12 days of insights.

Request a briefing with our experts to discuss our 2022 key issues

How can we engage?

Please let us know how we can help you on your journey.

Contact Us

  • Please review our Privacy Notice and check the box below to consent to the use of Personal Data that you provide.