Pan-American Life Insurance Group Strengthens Customer Trust with Enhanced Risk Management Capabilities from Fiserv
Summary
PALIG sought a provider with insurance industry expertise, a global footprint, and flexibility to help streamline AML compliance and fraud and risk management processes. “Effective risk management is an important part of how we do business,” said Steven A. Friedman, Executive Vice President, Chief Investment Officer, Corporate Development and Strategy, Pan-American Life Insurance Group. The solution is used by more than 1,200 organizations worldwide and employs a highly adaptive approach to detect money laundering and fraudulent activity using analytics, rules, advance inference, behavioral profiling, peer group analysis and list matching. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine Worlds Most Admired Companies® for six consecutive years, recognized for strength of business model, people management, social responsibility and innovation leadership.
