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FIMBank, Fiserv partner for strengthening financial crime risk management

Wednesday 14 October 2020 12:06 CET | News

Malta-based FIMBank has partnered with fintech Fiserv to enhance its financial crime risk management (FCRM) capabilities.

Robust functionality will assist the bank in managing risk and meeting regulatory requirements while providing scalability to accommodate growth and flexibility to adapt to a rapidly changing fraud environment. The FIMBank Group was seeking to deploy a FCRM solution that incorporates a full range of integrated anti-money laundering (AML) and internal fraud support. The bank has implemented AML Risk Manager and Watch List Manager, built on the Financial Crime Risk Management platform from Fiserv, to detect, investigate, and resolve financial crime, according to the official press release. 

AML Risk Manager from Fiserv provides know-your-customer (KYC) capabilities, customer risk profiling, risk scoring, and transaction monitoring, while Watch List Manager is a SWIFT screening module that enables screening of transactions in real time.  

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Keywords: FIMBank, Fiserv, financial crime, risk management, FCRM, fintech, Malta, bank, regulatory requirements, fraud, FIMBank Group, AML, internal fraud support, AML Risk Manager, Watch List Manager, KYC, customer risk, risk scoring, transaction monitoring, SWIFT
Categories: Banking & Fintech
Companies:
Countries: Malta
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Banking & Fintech






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