As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention.

FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge (mortgagefinancegazette.com)