Bengaluru leads India’s financial crime talent engaged in compliance, fraud prevention

Bengaluru has emerged as the leading hub for financial crime (FinCrime) talent in India, contributing 32% of the nation’s active professionals engaged in compliance, fraud prevention, and risk management, according to a recent report by Careernet titled FinCrime Talent Pulse: India’s Workforce Trends.

The report examined over 25,500 professionals across banking, consulting, and offshoring sectors. Delhi NCR and Hyderabad followed Bengaluru with 17% each, while Chennai and Mumbai contributed 12% and 7%, respectively. Interestingly, 9% of FinCrime professionals are now located in Tier-II and emerging cities, reflecting a gradual decentralisation of expertise from metropolitan areas.

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In terms of specialization, 58% of the talent pool is focused on areas like Know Your Customer (KYC), Customer Due Diligence (CDD), and transaction monitoring. This is followed by 22% engaged in fraud control roles and 20% involved in sanctions compliance. Offshoring companies and Global Capability Centres (GCCs) of banks dominate hiring, accounting for 36% and 25% of the workforce, respectively.

The report also highlighted progress in gender diversity, with women making up 37% of the mid-career workforce in FinCrime roles. However, female representation falls to 27% at senior levels, indicating ongoing challenges in leadership inclusion.

As financial crime risks grow in complexity, India is increasingly positioning itself as a strategic centre for global compliance and fraud mitigation operations, with Bengaluru at the forefront of this talent evolution.