Fin-Force – a joint venture of Belgian bank KBC, German DZ Bank and HP – is a third-party processor of cross-border payments on a “white-label” basis. Responsible for settling financial transactions on behalf of its clients, Fin-Force cannot afford to have funds blocked by official agencies due to suspect client transactions. Yet, the company’s systems lacked sophisticated risk analysis and management capabilities. So Fin-Force set out in search of a robust and flexible new application that could scan retail payments and transactions against one or more client lists for verification. More comprehensive visibility into operations would help better manage fraud and risk, ultimately enabling Fin-Force to expand its client offerings.
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