April 22, 2010 – A study of financial service firms released today show watch list monitoring among smaller firms outpaces large firms. The survey of senior professionals with responsibility for data management at financial services companies was commissioned by DataFlux and conducted by Lodestar Research.

The study found that 56 percent of large firms (10,000+ employees) have a process to compare customers and transactions against lists of known criminals and terrorists, compared to 70 percent of smaller firms (less than 1,000 employees). Sixty-six percent of small firms have fully automated or mostly automated programs compared to 28 percent of large firms. More than half (57 percent) of respondents from small firms believe their company’s program is very effective.

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