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Author: Timothy Bourgaize Murray
Source: Sell-Side Technology | 05 Apr 2012
Categories: Risk Management
Reflects growing size and new markets for the bank, as well as global pressure on offshore jurisdictions.
Financial services technology provider Fiserv announced it will provide PSB Bank N.V., a government asset of Curaçao, a range of solutions reflecting both the growing size and diversification of the bank's commercial services, as well as heightened international scrutiny of offshore jurisdictions in tracking financial crime.
Beyond providing solutions for account processing and channel management, as well as technology to allow the 106-year-old bank to meet the treasury and cash management needs for the island's power provider, Fiserv will also add its risk mitigation products, Anti-Money Laundering Manager and Fraud Risk Manager, to track financial crime and enterprise fraud.
"In seeking a new technology provider, we wanted to partner with a company that could lead us into the future. Fiserv has the tools we need to bring new products to market and do so in rapid timeframe," says Daniel Hodge, managing director at PSB Bank.
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