Why us?

Our focus on assured outcomes.

We partner with businesses to ensure the right solution for every stage of the client lifecycle and our commercials are based on outcomes. Businesses focused on achieving effectiveness, sustainability and quality will benefit from our decades of global Anti-Financial Crime execution expertise.

In our experience businesses have been making significant investments to fight financial crime but have had a poor ROI on their investments.

What’s not working? We believe it is a lack of focus on execution; especially poor design, data and the lack of skilled professionals needed to execute well.

Financial crime costs lives.

Human trafficking

Environmental crimes

Fraud

Drug trafficking

Financial crime destroys commerce and livelihoods.

Over $40 billion in fines paid over the last decade

Access to products and services delayed by weeks and months

Transactions impacted by poor design and controls

Aggregate lost turnover estimated to be over $1 trillion

Financial crime erodes trust.

More people are seeking out businesses that do good and as people start to connect the dots between financial crime and the underlying crimes it fuels, they are demanding and will increasingly demand action. How the industry acts in the fight against financial crime is critical in this regard. Trust is earned and earns a premium.

Crime and commerce evolve continuously and so must our response.

Who is responsible for fighting financial crime?

Everyone

Who is paying a premium for little positive impact?

Everyone

The Advice Vs. Execution imbalance

Great advice does not automatically translate into great execution. Whilst businesses generally have access to great advice the same is not true for execution. Legacy systems have resulted in processes being designed to match the technology as opposed to the technology supporting a well-designed process.

Poor data availability and quality

An effective program to fight financial crime relies on data but businesses are faced with both the lack of availability and poor quality data. Whilst an entire industry of data providers and aggregators have emerged to serve businesses who need data, the true owner of the data i.e., the client remains disengaged. Lack of and poor quality data also impacts ROI, client experience and effectiveness.

Lack of skilled professionals

Unlike other professions that underwent professionalisation with governing bodies overseeing the activity of professionals and the ability to hold them accountable etc; the anti-financial crime profession has not had that benefit. Given the above businesses face challenges with access to skilled professionals. It is simple, great outcomes rely on skilled professionals.

Which is why urgent action is needed.

The reality is great execution relies on the right design, data and skilled professionals. We rely on skilled professionals like accountants, tax consultants, doctors, drivers etc. in our daily lives, they are trained, they are expected to meet certain standards and, the clients they serve, have the ability to hold them accountable. We believe it is now time for due diligence professionals who have access to client data and have such a significant role to play in fighting financial crime and fuelling commerce to be beholden to similar standards.

Client Fabric Tech has developed a first principles approach to achieving effectiveness in anti-financial crime. We are keen to partner with leaders and teams committed to fighting financial crime and fuelling commerce.

Want to know more?

Talk to Client Fabric Tech today.

Contact us