Dutch Payment Provider Buckaroo Adopts Fiserv’s AML Risk Manager

Dutch payment service provider Buckaroo has implemented anti-money laundering (AML) technology from US firm Fiserv, Inc., to protect its operations and help in detection, investigation and resolution of financial crimes and to ensure regulatory compliance.

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Buckaroo has licensed the latest version of the solution including watch-list filtering and risk-based due diligence capabilities. AML Risk Manager will provide the organization end-to-end transaction lifecycle management capabilities ranging from profiling and monitoring through to case management and reporting.

Wisconsin-based Fiserv said AML Manager provides Buckaroo with automated transaction monitoring and intelligent detection tools to help with the investigation and reporting of suspicious money-laundering activity.

Billing and payment provider Buckaroo supports companies and webshops with secure online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. It offers comprehensive payment solutions that help online merchants to accept credit card and alternative payments over the internet.

Marijke Terpstra, chief risk officer at Buckaroo commented: "We are taking a customer centric approach to AML Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term 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.”

Gasan Awad, head of Financial & Risk Management Solutions at Fiserv added: “As criminals become more sophisticated and anti-money laundering regulations become more complex, AML professionals have increasingly difficult jobs. 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.”