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FORTUNE Magazine World's Most Admired Companies®

2014 | 2015 | 2016 | 2017 1

financial services®

Sustainable Compliance

Buckaroo – A Customer Success Story

15 November 2017

© 2017 Fiserv, Inc. or its affiliates. | CONFIDENTIAL – SENSITIVE

FORTUNE Magazine World's Most Admired Companies®

2014 | 2015 | 2016 | 2017

How to keep the business sustainable?

4AMLD5AMLD

Strong Customer AuthenticationClient Screening

Anti Money Laundering

Onboarding

PSD2

SEPA

Instant Payments

RoboticsVirtual Currencies

Transaction Monitoring

Ultimate Beneficiary Ownership

Customer Due Diligence

KYC

Enhanced Customer Due Diligence

Block Chain

GDPR

CorruptionTax Crime

Cloud

Cybersecurity

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2014 | 2015 | 2016 | 2017

AML Compliance is becoming both more complex and more costly

Continued regulatory and reputation pressure

• New regulations to strengthen transparency rules in the EU

• Penalties for failure are severe

Rapid implementation requirements

• Combatting rising threats with aging AML solutions

How can Financial Institutions increase their efficiency

and effectiveness and meet regulatory obligations?

4

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FORTUNE Magazine World's Most Admired Companies®

2014 | 2015 | 2016 | 2017

Fiserv Financial Crime Risk Management

Strong

Pedigree

Recognized by regulators globally

Model validation exposed to regulators

and attested by Deloitte

Proven Track

Record

Successful FCRM project delivery at 1,200 financial institutions in

70 countries

One platform approach for AML, Fraud,

FATCA/CRS

Domain

Expertise

Solution used by our customers and our

company

All our consultants are accredited

#FISVProud

12,000 clients in more than 80 countries

23,000 associates worldwide

Revenues over $5.5bn in 2016

5

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FORTUNE Magazine World's Most Admired Companies®

2014 | 2015 | 2016 | 2017

A Customer Success Story

6

Buckaroo

Since 2005 Buckaroo B.V. is a full-service Billing and Payment Service Provider providing a

broad spectrum of payment solutions for SME and Large corporate clients.

The transactions Buckaroo processes are real-time e-commerce transactions.

Buckaroo offers international and domestic payment methods like iDEAL, SEPA transfers and

international debit and credit cards.

Buckaroo Latest News

“Wij zijn zeer tevreden met BlackFin als onze nieuwe

aandeelhouder. Met hun kennis en ervaring op het gebied

van het versnellen van groei zullen we een ambitieuze

groeistrategie uitrollen en de dienstverlening aan onze

klanten uitbreiden.” Andre Valkenburg, CEO Buckaroo.

We are very pleased with BlackFin as our new shareholder. With their

knowledge and experience on organizational growth we will implement an

ambitious growth strategy and increase the financial services to our

customers. Andre Valkenburg, CEO Buckaroo

Key developments

Expected online purchases in 2017 197 million with a total turnover €22,6 billion

The expansion of Buckaroo products into broader market areas requires AML tooling providing

complaint solutions for a wide variety of Merchants:

• Different branches

• Different Payment methods

• Local payment methods

• International payment methods

• Different currencies

• Different Geographical scope

Buckaroo’s AML transition phase

AML System

Buckaroo’s Management Board has decided to

invest in an “off the shelf”-product which should

interface with Buckaroo’s transaction engine,

supporting the business requirements.

• AML Risk Manager; Including Watch List

Filtering

• Risk Based Due Diligence

• Case Management

• Supportive management reporting

• Flexible in set-up

• Support the risk profile of the company now

and in the future

Selection Process : Goal to select a vendor by end December 2016!

In October 2016 Buckaroo submitted a RFP to

the market looking for a replacement to be

compliant with relevant (inter)national

legislation.

Due to service offered by Buckaroo, and the compliance

requirements that must be met, Buckaroo was looking for

an efficient and comprehensive way to meet required

regulatory guidelines, and effectively monitor for AML/TF

activities.

Why did Buckaroo select Fiserv

Fiserv solution was the best fit for Buckaroo’s requirement’s

Fiserv team showed passion and interest for Buckaroo and the PSP market

Buckaroo can adapt and/or update the various scenarios without support of Fiserv

The way Fiserv build a project plan together with the Key-employees for Buckaroo that was focused

around quality and success and Buckaroo’s time scales

Local experienced Dutch implementation team

Training and support during project and after Go Live

Current Situation: Goal achieved?

Current Situation: Goal achieved!

Risk Based Due Diligence and AML tool is working according to expectation.

It delivers what we have requested:

Agreed and correct insight in transactions, transaction pattern, unexpected behaviours

Flexibility

Case handling

Reports

But most important it supports the company in her ambitions

It has been delivered on time and within budget;

Go Live May 2017

Date

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