International Bank of Qatar (IBQ) has selected Fiserv-developed Financial Crime Risk Management (FCRM) platform that allows the bank to manage money-laundering and prevent frauds.
The FCRM Platform enables financial crime professionals to effectively detect, investigate and resolve risks across crimes, channels and product lines.
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IBQ compliance head, Basil Falah, said the bank is growing rapidly and they know that a comprehensive and adaptable fraud and compliance solution is vital to sustainable growth and satisfying regulatory requirements.
"Fiserv offers IBQ a single solution with a single database to manage all financial crime risk. It is fully equipped with a unique level of flexibility and independence to add or change scenarios in response to ever-changing crime threats," Falah added.
Fiserv financial crime risk management vice president and general manager, Tom Tobin, said by providing clients like IBQ with international industry best practises and expert consultants, they can ultimately put them in control of continually evaluating and optimising their own risk protection as their operations expand and new threats are identified.
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