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Fiserv, DolEx, Europhil to facilitate retail financial services through AML

Friday 17 January 2020 11:15 CET | News

 

Fiserv has unveiled that DolEx Dollar Express and its affiliate, Europhil, will be making use of its technology to facilitate the company’s AML processes.

As such, DolEx will use the cloud-based versions of AML Risk Manager and Payment Fraud Manager from Fiserv and will be deploying the solutions via Amazon Web Services (AWS) as part of its overall tech strategy.

AML Risk Manager features capabilities like advanced customer risk profiling, risk scoring, transaction monitoring and KYC capabilities. Moreover, Payment Fraud Manager is a comprehensive cross-channel monitoring and interdiction solution for electronic payments. These two technologies utilise machine learning to detect suspicious transactions and to provide nearly accurate fraud detection and fewer false positives, as revealed by IBS Intelligence.


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Keywords: Fiserv, DolEx, retail, financial services, AML, fraud prevention, risk management, risk profiling, risk scoring, transaction monitoring, KYC, electronic payments, fraud detection
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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