Wolters Kluwer Financial Services has expanded its anti-fraud services to meet the needs of securities firms.
Wolters Kluwer said that 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 Wiz Sentri: RiskID CIP\KYC, Wiz Sentri: RiskID Advanced Intelligence Suite, and Wiz Sentri: Anti-Fraud tools.
Mark Coronna, executive vice president of securities and insurance for Wolters Kluwer Financial Services, said: 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. 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.