Buckaroo taps Fiserv to meet AML risk mitigation and detection requirements
Buckaroo has selected Fiserv’s anti-money laundering (AML) solution to facilitate enhanced risk profiling and enhance customer experience.
The technology vendor said that its AML Risk Manager platform will provide the Dutch firm advanced customer risk profiling, risk scoring, transaction monitoring and know your customer (KYC) capabilities.
The platform will also help Buckaroo to profile customer behavior and risk, along with case management and regulatory compliance capabilities, Fiserv added.
Buckaroo chief risk officer Marijke Terpstra said: “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.
“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.”