Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, have announced that it has been awarded "Best AML Compliance Solution Provider" in the Waters Rankings 2012, which is hosted by the online financial journal, WatersTechnology.
These annual rankings are voted on by WatersTechnology readers, allowing them to voice their choice for the best financial solutions and technology providers for investment firms, hedge funds and exchanges. According to WatersTechnology, its readers' interaction with the technology that powers the front, middle and back office makes them the perfect judges to recognize and recommend technology and service leaders across the industry.
Financial Crime Risk Management solutions from Fiserv provide robust anti-money laundering (AML) and fraud detection capabilities. The AML Manager solution from Fiserv includes transaction monitoring, intelligent detection tools, watch list filtering, alerts investigation, case management, workflow management, regulatory reporting and management reporting. These functions help organizations meet regulatory requirements, deliver better detection and improve the efficiency of compliance operations to reduce costs.
"This award is recognition of our ongoing investment to provide innovative financial crime prevention solutions to the marketplace," said Mike Urban, director, product management, Risk and Compliance, Fiserv. "With more scrutiny paid to eliminating money laundering activity within the banking and securities industry than ever before, Fiserv is committed to providing solutions to help financial institutions meet their risk management and compliance needs."
Urban collected the award at the Waters Rankings 2012 ceremony on July 18 in New York City.
A core competency of the company, Risk and Compliance solutions from Fiserv offer a unique breadth of solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organizations. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions.