As supply chains grow more complex and interconnected, banks face increasing regulatory scrutiny and more exposure to fraud and third-party risk. Traditional controls, such as periodic reviews and reactive investigations, are no longer sufficient to protect against growing financial crime threats and ensure supply chain integrity. Instead, banks must move toward an intelligence-led, continuously monitored approach.

That’s why we partner with PwC to empower financial institutions to combine deep risk and regulatory expertise with contextual data and analytics to detect fraud earlier, investigate faster, and embed proactive governance across supply chains.

Here are three top priorities banking leaders should focus on:

1. Build a contextual 360° view of suppliers to enable integrated risk intelligence

Supplier data is often scattered across procurement systems, onboarding tools, compliance checks, and external sources. This fragmented data limits visibility and makes it difficult to identify hidden connections that may pose a threat to your organization. By connecting internal and external data sources across structured and unstructured data, you can create a single 360° supplier view and a contextualized view of risk that makes it easier to identify real threats.

We enable this approach with our market-leading Entity Resolution and graph capabilities, which bring together disparate datasets, resolve entities, and surface relationships between suppliers, counterparties, and third parties. This enables you to uncover hidden connections, identify risk signals earlier, and better understand the broader ecosystem in which a supplier operates. PwC supports the design and implementation of this integrated data approach to ensure alignment with regulatory expectations.

2. Strengthen fraud detection, investigations, and response

Traditional tools can’t decipher complex relationships, so they often fail to reveal the hidden connections that pose risks to your organization’s reputation and operational integrity. Remaining a step ahead of fraudsters means having the ability to identify suspicious patterns early, investigate them effectively, and act decisively.

Our platform enables you to do this by using the power of context to reveal hidden relationships multiple associations away and proactively identify anomalies that alert to meaningful risk. Our analytics help to uncover concealed links between suppliers, counterparties, and high-risk entities to provide a clearer picture of potential fraud exposure.

PwC complements this with enhanced due diligence and investigative support to help you interpret insights and validate risks, as well as respond effectively. This combined approach enables you to evolve from reactive case handling to proactive fraud detection and prevention across the supply chain.

Building a contextual data foundation not only enables integrated risk intelligence and strengthens compliance, but it also improves onboarding decisions and offers the opportunity to expand into adjacent use cases, such as ESG monitoring, cyber risk oversight, and financial resilience analysis.

3. Embed continuous assurance and holistic supplier risk governance

To remain effective, banks must continuously update and validate the single supplier view as new data, behaviors, and risks emerge. Rather than point-in-time assessments and periodic audits, you need continuous assurance and should opt for ongoing monitoring of supplier relationships, risk indicators, and behavioral patterns to maintain an accurate, real-time understanding of risk.

You can develop a holistic risk profile for each supplier that combines signals across compliance (AML, sanctions), fraud, operational performance, and external risk indicators by leveraging integrated data and analytics. This dynamic view allows you to detect changes early, such as emerging financial distress, suspicious network activity, and shifts in ownership structures, which can then trigger timely intervention. Embedding this capability into governance frameworks ensures that all your teams operate with a shared, continuously updated view of supplier risk.

PwC supports the design of these governance models and response frameworks to enable faster decision-making and effective remediation, while Quantexa provides the contextual data fabric and monitoring capabilities that underpin continuous assurance. The result is a shift from static oversight to proactive, intelligence-led risk governance, which strengthens supply chain integrity and reduces exposure to fraud in the long term.

From uncertainty to advantage

As supply chains are becoming exposed to more risk, it’s vital that your organization builds a 360-degree connected view of the entire supplier ecosystem to optimize compliance, protect your reputation, and grow your resilience. You can make that possible with Supply Chain Integrity to transform fragmented data into trusted insight. Strong visibility transforms uncertainty into an opportunity to build resilience and maintain integrity to stay ahead of emerging threats.        

Learn more about Supply Chain Integrity.