Fiserv, a US-based financial services technology solutions provider, has unveiled its new Financial Crime Risk Management (FCRM) platform to deliver capabilities for multi-channel fraud prevention.
FCRM is designed to allow the financial crime professionals effectively and efficiently model, detect, investigate and resolve risks across crimes, channels and product lines.
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According to Fiserv, the new platform will enhance a comprehensive platform with anomaly detection, list matching, alert review, investigation tools, case management and reporting.
The platform will also incorporate alerts from other systems and drive risk-based authentication or due diligence.
Additionally, FCRM will also be integrated through a series of incremental releases, starting with Signature and selected DNA clients and extending to other account processing platforms through 2015.
Fiserv financial crime risk management vice president and general manager, Tom Tobin, said: "We believe that the FCRM Platform, with its market-leading behavioral monitoring capabilities, is one of the most powerful and strategic systems available on the market today.
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By GlobalData"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’s systems and services for account processing, payments processing and digital banking manage and access more than 55 million consumer accounts and process transactions totalling over $1trn per year.
