Fiserv has announced that the International Bank of Qatar (IBQ) has selected its Financial Crime Risk Management (FCRM) Platform to manage its money-laundering and fraud prevention strategy.
“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.”
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