Fiserv has launched a system to help financial firms mitigate the risk of crime.
The Financial Crime Risk Management platform lets companies model, detect and resolve crimes, Fiserv announced Monday. It can process a company's business data and issue alerts when it detects anomalies.
The new system is built on an existing Fiserv platform designed to aid in compliance with anti-money laundering rules, sanctions and other regulations, the Brookfield, Wis., company said. The platform can also incorporate alerts from other risk-management systems and can be used for case management and compliance reporting.
"Our philosophy is to provide clients with best practices and expert consultants, and ultimately put them in control of continually evaluating and optimizing their own risk protection," said Tom Tobin, Fiserv's general manager of financial crime risk management, in the news release.