Fiserv's Financial Crime Management Solution ranked leader by Chartis

Fiserv, Inc., the leading global provider of financial services technology solutions, today announced that it was ranked first in the Financial Crime Risk Management Systems 2009 report by Chartis, an independent analyst firm that assesses the systems, products, vendors, applications and trends in the risk technology marketplace. The report evaluates software vendors in regard to “completeness of offering” and “market share potential.” Peyman Mestchian, Head of Advisory Board at Chartis Research said: “Fiserv’s Financial Crime Suite provides a comprehensive portfolio of anti-fraud, trade surveillance and anti-money laundering solutions that can be leveraged together for improved detection capabilities, fewer false positives, reduced revenue losses and streamlined workflow. With the current financial crisis and high profile failures, leading technology vendors need to provide an integrated enterprise risk management offering which can analyze and report on the gaps and overlaps between credit risk, operational risk and financial crime.” According to Chartis, the risk management technology leaders like Fiserv “will play a crucial role in the financial crime management markets development. In doing so, they will shape both the definition and methodologies of financial crime risk management and in the structure of the industry as a whole.” Fiserv was also recognized by Chartis in October of 2008 when they ranked seventh among top global risk technology companies in the Chartis RiskTech 100 report.