Wolters Kluwer's Production Builds Trust Between Clients And Regulators

Wolters Kluwer Financial Services has expanded its anti fraud applications to meet the needs of securities firms. The tools, which were previously offered only to banking institutions, help securities firms with various anti fraud and regulatory compliance challenges, including identity

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Wolters Kluwer Financial Services has expanded its anti-fraud applications to meet the needs of securities firms.

The tools, which were previously offered only to banking institutions, help securities firms with various anti-fraud and regulatory compliance challenges, including identity verification operations, high-risk customer detection, employee and account fraud detection.

Wolters Kluwer Financial Services helps securities firms protect their customers and the reputation of their organization with the following tools:

-Wiz Sentri: RiskID CIPKYC – Automates identity verification operations from account opening to record archiving by risk-rating and risk-scoring new and existing accounts. It also verifies individual and business identities and screens applicants and account owners against government watch lists.

-Wiz Sentri: RiskID Advanced Intelligence Suite (AIS) – Provides a comprehensive batch filtering solution for Politically Exposed Person (PEP) compliance, high-risk customer detection and fraud prevention.

-Wiz Sentri: Anti-Fraud – Allows securities firms to detect and prevent malicious activity, helping protect against employee, account and transactional fraud. Its unique patent-pending behavioral monitoring capability is combined with transactional analytics, a profiling engine and investigatory tools to provide a comprehensive system for fraud prevention and case resolution.

“By offering these tools to securities firms, we can help them detect and prevent dishonest activity that can harm their clients and organization as a whole,” says Mark Coronna, executive vice president, Securities and Insurance, Wolters Kluwer Financial Services.

“With the current turmoil in the financial services industry, one of the best ways securities firms can help ensure stability is by employing comprehensive compliance and operational risk programs. This not only helps reduce risk within their organizations, but it also helps build trust with clients and regulators.”

L.D.

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