Fiserv's New Fraud Risk Mitigation, Anti-Money Laundering Solutions

Offering Fraud Risk Manager and AML Manager on a unified platform allows for not only shared functionality but also increased efficiencies through potential utilization of common resources and reduced maintenance and hardware costs. As more banks look to consolidate their fraud and anti-money laundering functions, this unified platform supports the associated business driver for an enterprise-wide view of risk.

“At Fiserv, we are taking a ‘glass bottom boat’ approach to our risk management strategy – that is, to provide a complete and consolidated view of all risk and risk mitigation plans across the entire enterprise,” said John Filby, president, Risk Management Solutions at Fiserv. “Our vision is to deliver the market leading suite of financial crime risk management products through integration and delivery of our best-in-class fraud and anti-money laundering transaction and event monitoring systems. The latest releases that we are announcing today are a vital part of the delivery on this vision.”

Part of the Fiserv core competency in risk and compliance, these offerings improve the detection, mitigation and effectiveness of financial crime operations within financial services institutions. Fraud Risk Manager and AML Manager are part of the award winning fraud risk and compliance solutions from Fiserv, which include the former Carreker fraud and NetEconomy anti-money laundering solutions.