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Digital Identity, Security & Online Fraud

Banco CTT selects Fiserv for AML tech

Friday 1 February 2019 | 10:25 AM CET

Portugal-based Banco CTT has announced it selected Fiserv in order to enable anti-money laundering (AML) capabilities.

The bank’s goal is to facilitate customers’ experience, while managing money laundering risk. At the same time, AML monitoring will also enable the bank to minimise customer disruption due to investigation of legitimate transactions.

Fiserv’s AML Risk Manager solution uses visualisation tools and behavioural profiling. These are meant to track risks and to monitor potentially suspect activities. Moreover, the solution offers customer risk profiling, transaction monitoring, and know your customer (KYC) capabilities. Being built on a shared platform, it adds solutions for payment and cheque fraud.

More: Link
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