Fiserv honored for depth and breadth of its customer base for anti-money laundering and fraud prevention solutions
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it has won the XCelent Customer Base award from Celent, one of the leading advisory and research firms for the global financial services market. Fiserv was recognized for the depth and breadth of its customer base, which includes more than 750 financial institutions that rely on the company for anti-money laundering (AML) and fraud prevention solutions.
Celent profiled 22 financial crime solution providers in its recently released report, 2012 Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud. In the report, Celent examined AML and anti-fraud solutions that support the compliance process end-to-end, from onboarding/customer due diligence and watch list filtering, to transaction monitoring/behavioral analysis, through to case management and reporting/audit. The Customer Base category, in which Fiserv was a leader, was judged on three criteria: number of live customers for AML; number of live customers for anti-fraud; and the number of global macro-regions with live clients.
"A range of financial institutions - including banks, insurance companies, wealth managers, and P2P payments providers - are moving toward an enterprise-wide approach to risk by consolidating their AML and anti-fraud efforts," said Neil Katkov, Ph.D., senior vice president, Asia for Celent and coauthor of the report. "Fiserv is a leader in the Customer Base award because of the number of clients worldwide that rely on the company's financial AML and fraud prevention solutions."
"We are honored to win the coveted XCelent award for our Financial Crime Risk Management solution portfolio," said Mike Urban, director, Financial Crime Risk Management Solutions, Fiserv. "We are committed to developing smarter software to help our clients more effectively mitigate their fraud risk, prevent fraud losses and comply with an ever-evolving regulatory environment."
Financial Crime Risk Management solutions from Fiserv provide fraud detection and anti-money laundering software for financial institutions, delivering risk protection across disparate fraud types and anti-money laundering silos.