Financial crime in the banking sector is evolving rapidly, outpacing traditional, siloed defense systems like fraud prevention, AML, cybersecurity, and internal surveillance. With $1.28T spent and $1.45T lost annually to financial crime, institutions face high costs, false positives, and limited disruption of criminal networks. Modern threats like synthetic ID fraud and edge-device exploits require integrated, behavior-based analytics and AI/ML. Cloudera advocates for a unified, intelligent platform to overcome fragmented systems, reduce alert fatigue, and proactively combat financial crime through improved data sharing and public-private partnerships.

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