Financial institutions are under significant pressure to improve the effectiveness of their financial crime and fraud controls, whilst also increasing efficiency and reducing the costs of compliance.
Many compliance teams are now focusing on risk orchestration as a means to manage multiple vendor data integrations, enable quick, low code or no code updates to decisioning rules and give their teams the flexibility to design dynamic policies for different risk events.
But the question is whether to purchase one of the growing number of orchestration platform solutions on the market, or whether to build their own orchestration layer.