With rising fraud, tighter regulations, and increasingly sophisticated criminal tactics, fraud prevention leaders must be equipped with the right tools, technology, and partnerships. From Anti-Money Laundering and Know Your Customer to transaction monitoring and fraud analytics, the landscape demands agile, scalable, and integrated solutions. Choosing the right financial crime prevention partner is not simply a matter of compliance – it’s a strategic decision that can define an organisation’s risk posture, regulatory reputation, and operational resilience. Here’s what leaders attending the Fraud Prevention Summit should consider when sourcing solution providers in 2025…
1. Regulatory Compliance as a Foundation
Compliance with UK and international regulations is essential. A good partner should demonstrate deep understanding of:
- The UK’s Money Laundering Regulations 2017 (as amended)
- FCA guidance, including the Consumer Duty
- International frameworks like FATF recommendations and EU AML directives
✔ Ask for evidence of how their platform supports real-time KYC, transaction screening, and audit-ready recordkeeping
✔ Ensure alignment with GDPR and data sovereignty laws, particularly for global or cross-border operations
✔ Look for providers that update their risk models and workflows in response to new threats and legislative changes
2. Scalable and Future-Proof Technology
Today’s threats demand future-ready platforms. Your chosen partner must offer cloud-based, modular solutions that can evolve with your business.
✔ Can the solution handle large data volumes and multiple customer segments without performance issues?
✔ Is it built to support automated onboarding, continuous monitoring, and real-time risk scoring?
✔ Does it include machine learning or behavioural analytics for enhanced anomaly detection?
Scalability is vital – not just for growing businesses but for those dealing with seasonal spikes, mergers, or new markets.
3. Seamless Integration with Existing Systems
A best-in-class solution should work seamlessly with your current tech stack—including:
- Core banking or finance platforms
- CRM and customer onboarding systems
- Case management and escalation tools
✔ Look for partners with open APIs and a proven record of integration
✔ Ask about plug-and-play options, custom connectors, and vendor support during onboarding
✔ Consider whether the provider offers centralised dashboards and cross-platform analytics
4. Transparency, Support and Strategic Alignment
The right partner doesn’t just deliver a product—they become a trusted extension of your fraud team.
✔ Choose vendors with UK-based support, strong onboarding, and ongoing training
✔ Request client references and case studies in your industry
✔ Ensure their roadmap aligns with your evolving compliance and fraud prevention goals
Preventing financial crime means thinking beyond tick-box compliance. Fraud leaders must source partners who offer technological innovation, regulatory alignment, seamless integration, and true strategic support. With the right provider, financial crime prevention becomes not just possible – but proactive, intelligent, and impactful.
Are you searching for Financial Crime solutions for your organisation? The Fraud Prevention Summit can help!
