Financial crime has increasingly become of concern to governments throughout the world. The emergence of vast regulatory environments furthered the degree of compliance expected even from other non-governmental organizations that conduct financial transactions with consumers, including credit card companies, banks, credit unions, payday loan companies, and mortgage companies.

Technology has helped financial services address the increased burden of compliance in innovative ways which have also yielded other benefits, including improved decision-making, better risk management, and an enhanced user experience for the consumer or investor.