back Back

Fiserv to boost financial crime risk management capabilities for Malta-based FIMBank

By Megha Bhattacharya

October 14, 2020

  • Europe
  • Fimbank
  • Fiserv

fiservMalta-based FIMBank has selected Fiserv to boost its financial crime risk management capabilities. The partnership is expected to enable the Bank to manage risk, meet regulatory requirements while offering scalability to accelerate growth and flexibility.

According to the FIMBank Group, it sought an FCRM solution that implements a range of integrated Anti Money Laundering and internal fraud support. The Bank, therefore, deployed AML Risk Manager and Watch List Manager, built on the Financial Crime Risk Management platform from Fiserv, to effectively detect, investigate and resolve financial crime.

“As a bank with a global presence, we take our financial crime and risk management responsibilities seriously, and have invested in technology that enables us to monitor transactions at scale and in a timely manner, commensurate with the size and nature of our business,” said Michael Davis, Group Chief Compliance Officer, FIMBank plc. “Utilising proven solutions from Fiserv provides insight into money movement activity and helps us gauge and effectively manage money laundering risks.”

Fiserv’s AML Risk Manager offers advanced KYC capabilities, customer risk profiling, risk scoring and transaction monitoring. The company’s Watch List Manager is a SWIFT screening module that provides screening of transactions in real-time. The solutions help to eliminate the inconvenience and delay caused when legitimate transactions are flagged for investigation, benefitting both customers and staff by facilitating a better experience and more efficient operations.

“As criminals develop new schemes, effective and adaptable risk management solutions are more critical than ever,” said John Gibbons, executive vice president and head of EMEA, Fiserv. “By leveraging a proven and effective FCRM platform, FIMBank can gain a holistic view of customer risk and data to more accurately pinpoint and stop criminal activity.”

Previous Article

October 13, 2020

5 leading U.S. based companies democratizing Earned Wage Access

Read More
Next Article

October 14, 2020

Ternio becomes Visa’s Fast Track enablement partner

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Over 72% Financial Institutions to invest heavily in ESG Technology

Read More


IDfy rolls out ‘Privy’ a privacy and compliance suite for companies in India

Read More

July 19, 2024

Sopra Banking Software partners with Finom

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024