Contributing to this overall ranking, Fiserv was also marked first overall in the âCompliance Monitoring and Controlâ and âRegulatory Reporting Packagesâ categories, as well as second in the âAnti-Fraud Softwareâ category and third in the âAnti-Money Laundering Softwareâ category.
The rankings were compiled from a survey conducted over four weeks. It was sent to readers of Operational Risk and Regulation and promoted through its Risk.net website. Respondents were asked to rank their top five companies across eight categories â compliance monitoring and control; email archiving, data storage and recovery tools; governance, risk and compliance; Sarbanes-Oxley products; anti-fraud software; anti-money laundering; regulatory reporting packages; spreadsheet compliance products.
âRisk management and regulatory compliance have moved to the front pages of business news in the past two years,â said John Filby, president, Risk & Compliance Solutions, Fiserv. âIn this new environment, we remain extremely focused on helping our clients comply with ever-evolving external regulation and internal policies to minimize operational risk. I am pleased that Operational Risk & Regulation has recognized this and awarded us the top spot in its ranking of compliance software providers.â
Risk and Compliance represents one of the five core competencies of Fiserv. As a single-source provider, Fiserv offers a unique breadth of solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organization. Solution areas include Financial Risk Management, Financial Performance Management, Financial Crime Risk Management and Financial Control Solutions. Within these areas, compliance solutions range from loss event mitigation systems that address financial crime and reconciliation challenges to spreadsheet compliance and pure regulatory reporting.