BUCKAROO SELECTS AML RISK MANAGER FROM FISERV TO FACILITATE ENHANCED RISK PROFILING AND ENABLE FUTURE GROWTH

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Buckaroo, a leading payment solutions provider based in the Netherlands, has selected AML Risk Manager from Fiserv. AML Risk Manager is an anti-money laundering (AML) solution providing advanced customer risk profiling, risk scoring, transaction monitoring and know your customer (KYC) capabilities. Buckaroo chose Fiserv to help meet its AML risk mitigation and detection requirements, enhance its customer experience, and support their future growth.

Buckaroo was founded in 2005 as a provider of payment solutions, specializing in billing and payments for companies and online payments for retailers. AML Risk Manager will provide Buckaroo with the ability to profile customer behavior and risk, along with case management and regulatory compliance capabilities.

“We are taking a customer centric approach to AML risk management that will scale with our future growth and provide enhanced protection for our loyal customers,” said MarijkeTerpstra, chief risk officer, Buckaroo. “Fiserv helps us to meet regulatory guidelines, whilst also providing customers with a first class experience that suits their everyday payment needs. With AML Risk Manager, we will be prepared to meet required compliance regulations and effectively monitor for money laundering activities.”

By leveraging powerful inference techniques and visualization tools, AML Risk Manager offers behavioral profiling, the ability to quantify risk mitigation through investigation, and beneficial ownership insight. The solution is configurable, enabling the compliance team to be completely in control of the system.

“As criminals become more sophisticated and anti-money laundering regulations become more complex, AML professionals have increasingly difficult jobs,” said GasanAwad, vice president, Product Management, Financial & Risk Management Solutions, Fiserv. “Fiserv helps make their jobs easier by transforming AML compliance processes with an innovative solution combining behavioral monitoring and analytics to speed detection of criminal activity without disturbing everyday operations and customers.”

AML Risk Manager is the AML solution of choice for over 1,200 organizations around the globe, built on the award-winning Financial Crime Risk Management Platform from Fiserv. Because AML Risk Manager is built on this shared platform, adding additional Fiserv solutions for payment fraud, check fraud or customer risk profiling is simplified.

In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

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