May 15, 2012

Financial services technology company Fiserv announced it is partnering with Chartwell Compliance, a regulatory compliance consulting firm, to give clients of both companies access to industry-leading risk and compliance solutions and consulting services.

Through its Financial Crime Risk Management solution set, Fiserv provides fraud detection and anti-money laundering software for financial institutions, delivering risk protection across disparate fraud types and anti-money laundering silos. Chartwell Compliance offers strategic consulting, audit, training and outsourcing services in the areas of anti-money laundering (AML), fraud, internal audit, compliance and risk management.

The partnership officially began in February 2012, and both companies have already collaborated on several initiatives, including one at Milwaikee, Wis.-based Guaranty Bank.

"Both Fiserv and Chartwell are focused on delivering industry leading solutions and subject matter expertise for financial crime risk management to the financial services community," said Mike Urban, director of product management, risk & compliance solutions for Fiserv. "This partnership enhances our financial crime prevention capabilities by offering clients additional consulting services to help them optimize their organization to meet today's regulatory and economic challenges."

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ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...