HSBC offers lessons for other banks on fraud

摘要

Your analysis "Banks need single view for Basel 2" gave a good account of the scenario currently facing HSBC. Realising a single view, in real time, in fraud detection is essential and long overdue. Many industries are having to face the fact that their data requires urgent attention to provide a single, reliable view of the "truth" due to increasing levels of legislation. Reassuringly, the technologies to deliver this information have been available for a long time now and are well tested.