Case Study: PSP Buckaroo strengthens AML compliance and expands services with Fiserv AML Risk Manager

Buckaroo - Customer Case Study

Buckaroo B.V., a leading Netherlands-based payment service provider, wanted to expand its merchant services and international footprint but faced increased fraud and AML compliance risks from accepting more payment methods and currencies. To replace its in-house monitoring and meet De Nederlandsche Bank and international requirements, Buckaroo selected Fiserv’s AML Risk Manager along with Watch List Filtering Manager, Risk Based Due Diligence and Case Investigation Manager built on Fiserv’s Financial Crime Risk Management Platform.

Fiserv implemented the AML Risk Manager suite to profile customer behavior, monitor transactions and screen watch lists, enabling Buckaroo to offer new acquiring and retail services while staying compliant. The Fiserv solution improved transaction insight, reduced false positives, increased operational efficiency (freeing about one full-time employee and associated IT resources), and was delivered on time and on budget, supporting Buckaroo’s growth.

Buckaroo

Marijke Terpstra

Chief Risk Officer