Wolters Kluwer Financial Services has expanded its anti-fraud solutions to meet the needs of securities firms. The tools, previously offered only to banking institutions, were designed to help securities firms with various anti-fraud and regulatory compliance challenges, including identity verification operations, high-risk customer detection, and employee and account fraud detection.

Wolters Kluwer aims to help securities firms protect their customers and the reputation of their organization with the following tools:

Wiz Sentri: RiskID CIP\KYC—Automates identity verification operations from account opening to record archiving by risk-rating and risk-scoring new and existing accounts. It also verifies individual and business identities and screens applicants and account owners against government watch lists.

Wiz Sentri: Anti-Fraud—Allows securities firms to detect and prevent malicious activity, helping protect against employee, account, and transactional fraud. Its patent-pending behavioral monitoring capability is combined with transactional analytics, a profiling engine and investigatory tools to provide a comprehensive system for fraud prevention and case resolution.

Wiz Sentri: RiskID Advanced Intelligence Suite—Provides a comprehensive batch filtering solution for Politically Exposed Person compliance, high-risk customer detection, and fraud prevention.

“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,” said Mark Coronna, executive vice president of Securities and Insurance for Wolters Kluwer Financial Services.