Fiserv, Inc., a leading provider of information technology services to the financial industry, has acquired NetEconomy, a financial crime management and compliance solutions provider to financial institutions across the globe.
NetEconomy, founded in 1993, is headquartered in The Hague, The Netherlands, with offices in London, Paris, Boston, New York, Sydney, Shanghai, and Kuala Lumpur, Malaysia. NetEconomy provides solutions for anti-money laundering, fraud prevention, and compliance.
"NetEconomy's proven products and strong management team will be at the forefront of our efforts to deliver value in the important growth area of enterprise risk management," says Fiserv CEO Jeff Yabuki. "This is a prime example of how our Fiserv 2.0 strategies come together to benefit clients. We bring high-quality technology products to our client base to help it achieve best-in-class results. We will continue to expand our capabilities in this important area."
Fiserv will offer a holistic enterprise risk, compliance, and fraud solution integrated with all Fiserv core account processing platforms. From this, Fiserv plans to provide state-of-the-art client solutions in enterprise risk management, including governance and compliance.
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