FICO and VISMA Connect partner
FICO (www.fico.com) has announced that it is to partner with payment services provider Visma Connect (www.vismaconnect.nl)
In the new partnership, Visma Connect will offer the FICO® Siron™ Anti-Financial Crime software to its customers as a SaaS solution and provide the IT and platform integration.
Commenting on the partnership, Juergen Krieg, senior director for sales at FICO, said: “Financial services providers face greater regulatory requirements and typically spend over 4% of their total revenue on compliance. Regulators are urging financial services companies to increase their efforts to fight financial crime and terrorist financing, and FinTechs and new PSD2 third-party providers are increasingly required to continuously monitor their processes. In addition, with the advent of SEPA Instant Payments, the current batch-based sanctions screening no longer suffices and needs to be upgraded to 24/7 and real-time screening. Our partnership with Visma Connect is aimed at helping all kinds of payment providers meet these demands with less effort and expense, by using the innovations we are bringing to our compliance solutions.”
“The industry is facing ever stronger regulatory demands. Our payment services and the FICO Anti Financial Crime services are always compliant, but don’t require large upfront investments. We’ll take care of integrating, running and maintaining the latest software technology and infrastructure. Our clients can focus on their business,” added Marnix Harbers, Tribe Lead Payments at Visma Connect.
Both companies will cooperate throughout Western Europe, with an initial focus on The Netherlands and the Nordics.