EY Financial Crime solutions

In Banking and capital markets

EY Financial Crime solutions help financial institutions meet regulatory obligations and achieve better outcomes while reducing costs and negative customer impacts. Built upon our deep experience and leading FinCrime technology platform, this includes screening, transaction monitoring and Know Your Customer.

Related topics

Banking and capital markets
Financial services
Enterprise protection in banking

The team

Ron Giammarco
EY Americas Financial Services Information Technology Consulting Partner
Carl Case
EY US Financial Crimes Compliance Technology Consulting Leader
Patrick Craig
EY EMEIA Financial Crime Technology Lead
View all
Featured thinking

How asset managers can enhance the client onboarding process

EY Americas 22 Feb 2024
Woman on walkway

Your business challenge

As financial crime continues to evolve, the complexity of compliance is growing:

  • Financial institutions face increasing cost and resource pressures.
  • Regulators encourage the use of technology innovations, including artificial intelligence (AI) and machine learning (ML), to fight financial crime.
  • The potential of data and digital to transform financial crime compliance is hindered by challenges in integrating and maintaining accelerating technology.
  • Talent to manage financial crime compliance is scarce, and is expensive to recruit, train and retain.

How EY can help

Financial Crime solution benefits

EY Financial Crime solutions help financial institutions reduce risk, simplify financial crime operations and improve compliance. With effective and efficient operating systems, resources are freed up to allow for the institution’s creation of long-term value.

Our connected, end-to end approach integrates:

  • Advanced FinCrime technologies, software tools and data-powered intelligence built upon a global common platform

 

  • Deep AML/KYC domain knowledge and talent across financial crime, tax, risk and operations
 
  • Global operations experience across multiple regulatory and risk landscapes

Solution features and functionality

Our leading financial crime knowledge, experience and regulatory credibility are enriched by our investment of more than $100m in technology automation, AI and ML-based technology solutions. We work collaboratively with clients in an end-to-end, modular approach focused on delivering better outcomes that add more value through:

    Why EY Financial Crime services

    EY Financial Crime services support financial institutions in transforming financial crime programs for better outcomes. You can trust our domain knowledge, regulatory credibility, global delivery model and leading technology to help achieve operational excellence today and stay ahead of emerging risks.

    Protecting the enterprise

    We help protect your enterprise from a large and expanding set of risks, including cyber, fraud, financial crime, and data privacy and protection.

    Explore our latest thinking on protecting the enterprise in financial services.

    Find out more

    Our latest thinking

    How AI will affect compliance organizations

    Recent developments in AI present the financial services industry with many opportunities for disruption. Learn more about the potential impacts.

    18 Jul 2023 Don Johnson + 1

    How EY Cognitive Investigator and AML Managed Services infused higher quality in transaction monitoring

    Consolidating high-volume monitoring with Ernst & Young LLP Financial Crime Managed Services paid dividends for a global financial group. Find out more.

    11 Jul 2023

    How to maximize outcomes with Know Your Customer remediations

    A thoughtful operating model for performing Know Your Customer remediations can manage costs and customer experience.

    22 Jun 2023 Don Johnson + 2

    Shatter the hourglass: strategies to implement ongoing due diligence

    Rather than periodic refreshes, ongoing due diligence uses natural touch points and ongoing monitoring to determine when to refresh. Learn more.

    12 Dec 2022 Don Johnson + 1

    How to keep customer relationships strong during a Know Your Customer refresh

    Institutions should determine if outreach is needed for Know Your Customer and take steps to enhance the customer experience.

    06 Dec 2022 Don Johnson + 1

    Enriching financial crimes compliance for insurance clients

    We introduced automation in an insurance client’s monitoring to improve risk coverage and ultimately cut compliance costs. Learn more in this case study.

    20 Sep 2022

    How one firm found a better answer for its investigations

    How one firm found a better answer for investigations

    20 May 2021

      The Financial Crime solutions team

      Ron Giammarco

      EY Americas Financial Services Information Technology Consulting Partner

      Dedicated to bringing innovative solutions to complex operational and technology business challenges. Married father. Avid sportsman.

      New York, USA

      Carl Case

      EY US Financial Crimes Compliance Technology Consulting Leader

      Technology innovator, AI advocate and analytics enthusiast. The OG Cognitive Investigator. Family and football fanatic. Navy veteran.

      Hoboken, USA

      Patrick Craig

      EY EMEIA Financial Crime Technology Lead

      Helping banks get the most out of their financial crime risk management programs. Experienced with compliance and AML technologies.

      London, GBR

      Don Johnson

      Principal - Financial Crimes Compliance

      Passionate about working with the financial services industry to co-develop innovative and practical solutions to protect it from being used as a conduit for money laundering.

      Tysons, USA

      David Scott

      EY Asia-Pacific Financial Services Risk Management Leader

      Transformation leader in risk management. Industry innovator. Collaborator and team worker. Married. Father of two. Rugby enthusiast.

      Hong Kong SAR, CHN
      Contact us
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      EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.