News

Fiserv claims #1 rating in compliance monitoring, control

August 16, 2012

Financial services technology provider Fiserv Inc. announced that Operational Risk & Regulation magazine has ranked it first in the category of Compliance Monitoring and Control in its "Compliance 20" software rankings. Fiserv also ranked in the top five in the categories of AML and Fraud, as well as in the overall ranking.

Rankings were compiled from a reader survey conducted by the magazine, whose subscribers comprise risk management executives at financial institutions. This year's results represent the opinions of the largest pool of respondents to date.

"With recent record fines, compliance is top of mind across the global financial services sector," said Danny Baker, interim president of risk and compliance at Fiserv. "This continues to drive our commitment to help our clients comply with ever-evolving external regulation and internal policies to minimize operational risk and identify money laundering and other fraudulent activity."

The survey found that sanctions and developing regulations, such as the U.S. Foreign Account Tax Compliance Act, continue to drive purchase, expansion and demand for flexible financial crime risk management systems.

Risk and compliance solutions from Fiserv cover financial crime risk management, financial risk management, financial performance management and financial control solutions.

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