“The bank is growing rapidly and we know that a comprehensive and adaptable fraud and compliance solution is vital to sustainable growth and satisfying regulatory requirements,” said Basil Falah, Head of Compliance, International Bank of Qatar. “Fiserv offers IBQ a single solution with a single database to manage all financial crime risk. It is fully equipped with a unique level of flexibility and independence to add or change scenarios in response to ever-changing crime threats.”
“Strong local and global references were vital in helping us make our decision; Fiserv is a well-established global provider of financial services technology and will be a reliable long-term partner as IBQ expands its operations in the coming years.” Falah added.
The FCRM Platform provides distinctive abilities for financial crime professionals to effectively and efficiently model, detect, investigate and resolve risks across crimes, channels and product lines.
“Fiserv forged a close working relationship with IBQ during the selection process and we look forward to building on that relationship as we go through implementation and beyond,” said Tom Tobin, vice president and general manager, Financial Crime Risk Management, Fiserv. “By providing clients like IBQ with international industry best practices and expert consultants, we can ultimately put them in control of continually evaluating and optimizing their own risk protection as their operations expand and new threats are identified.”
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.