This release brings the abilities for financial crime professionals to model, detect, investigate and resolve risks across crimes, channels and product lines. It does so through new complex event processing capabilities, which is designed to address each financial institution’s unique and evolving set of financial crime threats and business requirements.
“The financial services industry is looking for better and fewer financial crime risk management solutions. Detection systems are being consolidated to drive down cost or replaced to improve hit rates and reduce false positives. Payment execution is faster, criminals abuse the gaps between silos and regulators expect more advanced analytic techniques to combat crime,” said Tom Tobin, vice president and general manager, Financial Crime Risk Management, Fiserv. “Within this context, we believe that the FCRM Platform, with its market-leading behavioural monitoring capabilities, is one of the most powerful and strategic systems available on the market today. Our philosophy is to provide clients with best practices and expert consultants, and ultimately put them in control of continually evaluating and optimizing their own risk protection.”
Fiserv systems and services for account processing, payments processing and digital banking manage and accesses more than 55 million consumer accounts and process transactions totalling over USD1tn per year. Being part of this ecosystem, the FCRM Platform is a logical choice for supporting regulatory compliance and fraud prevention.
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