Financial services technology solution provider Fiserv said UAE’s sharia’a-compliant savings and investments company National Bonds deployed its AML Risk Manager solution.
With the implementation, National Bonds aims to effective detection, investigation and resolution of financial crimes and to ensure regulatory compliance .
“As a leading investment company, National Bonds is committed to responsible growth in complete compliance with regulatory requirements,” said Ramesh MV, Executive Director Risk & Compliance at National Bonds.
Recently Fiserv added a number of financial institutions to its client list including, Northumberland County Schools, NBT Bank and Telhio Credit Union.
National Bonds selected the latest version of the Fiserv solution, which include watch-list filtering and risk-based due diligence capabilities. It will provide National Bonds capabilities ranging from profiling and monitoring through to case management and reporting.
Fiserve said AML Risk Manager leverages powerful analytics and visualization to offer behavioural profiling, the ability to quantify risk mitigation through investigation, and beneficial ownership insight.
“AML Risk Manager will help National Bonds facilitate a customer centric, enterprise approach to financial crime risk management that is clearly evident to regulators,” said Tim Grace, senior vice president and general manager, Risk & Compliance Solutions, Fiserv.
Earlier in November, Fiserv said Northumberland County Schools Federal Credit Union is converting to the CUnify account processing platform.
The credit union will also add integrated solutions from Fiserv, including CheckFree RXP for electronic payments, FraudNet for real-time payments fraud monitoring, and additional tools for credit card processing.