This Forrester Opportunity Snapshot explores how banks modernize fraud and anti-money laundering (FRAML) systems amid rising regulatory scrutiny and sophisticated threats. Social engineering, synthetic identities, and crypto exposure are straining legacy controls. The report argues that modernization requires architectural change—hybrid cloud strategies and cloud-native on-prem approaches that balance agility with compliance. Integrated, auditable platforms enable real-time detection and traceability. FRAML is no longer just a compliance function; it’s becoming a core risk control discipline shaped by infrastructure decisions.

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