Sweden’s SEB Uses Fiserv NetEconomy for AML Efforts

Stockholm-based Skandiaviska Enskilda Banken (SEB) implemented Brookfield, Wis.-based Fiserv's NetEconomy Anti-Money Laundering Compliance Manager solution across 17 countries in Europe and Asia. The product is designed to meet regulatory requirements and mitigate and manage potential money laundering activity. NetEconomy, which leverages SEB's existing infrastructure, combines transaction monitoring, case management and automated reporting to help deliver a high degree of accuracy and operational efficiency without placing additional strain on staff resources.