News : LuLu Exchange Selects Fiserv AML Technology to Enhances Customer Experience
London, UK & Brookfield, WI, USA, Dec 27, 2017 -- Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, announced that LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services for consumers and businesses, has selected Fiserv to enhance its financial crime prevention capabilities and enable its expansion into new markets.
LuLu Exchange will implement a cloud-based version of AML Risk Manager from Fiserv.
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"Our ongoing expansion prompted an evaluation of our AML strategy," said Christos Christou, Chief Compliance Officer, LuLu Exchange. "Since we are expanding in Asia Pacific and Europe, we wanted a partner that will provide us not only the technology but also the know-how to mitigate risks in these ‘new to us’ markets. We were impressed with Fiserv and their financial crime investigation platform, which, in our view, is a user-friendly, stable, fast and well-developed tool for detecting, investigating, and assessing AML risks."
"Anti-money laundering technology has an impact on the day-to-day work of staff who are tasked with ensuring compliance and mitigating risk, as well as on customers whose transactions can be affected," said John Smith, managing director, EMEA, Fiserv. "We look forward to supporting LuLu Exchange as they expand into new markets and to providing their team with greater efficiency in managing a growing volume of customer transactions and alerts so they are able to serve customers with the speed, ease and convenience they expect."
Posted by Veronica Silva Cusi, news correspondent
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