BankIslami Pakistan Limited, a leading Islamic bank in Pakistan has decided to implement Haydrian’s XM3® Anti-Money Laundering (AML) solution. BankIslami’s
executives are confident that XM3 will allow their bank to manage risk more effectively as they continue to grow and expand their operations throughout Pakistan and the Middle East. Technology has been an important component of BankIslami’s success, and XM3’s cutting edge risk management capabilities
will allow BankIslami to better fight financial crime and build a stronger compliance program as their business continues to progress and flourish.
Haydrian’s XM3 is a state-of-the-art detection, prevention and risk management platform, which safeguards financial institutions of all types and sizes, from drug trafficking, arms transactions, terrorist transactions and other forms of money laundering and the associated reputation damage.
“XM3’s seamless technology and Haydrian’s first-rate team here in Karachi made selecting an AML solution easy. With our rapidly growing number of branches and customers, XM3 is the perfect fit to assist our compliance staff with the painstaking job of detecting and monitoring transaction and customer data. I am pleased to be raising the AML standard for Pakistan with XM3. I cannot stress enough how vital an AML solution is to the success of any bank today,” said Mr. Asad Alim, Head of
Information Systems at BankIslami.
Haydrian’s XM3 AML solution was designed and developed by an internationally recognized management and engineering team to address effectively the increasing demands of combating money laundering while meeting the compliance guidelines established to limit the risk of institutions with local and global prominence.
“We are very pleased to have BankIslami as our first AML customer in Pakistan. With the acquisition of XM3 they will continue to build and promote AML best practice and be a leading example for compliance in Pakistan and throughout the Middle East. We hope our relationship continues to grow, as they continue to expand their banking operations. We believe that BankIslami will be the first of many Haydrian clients in Pakistan,” said Anis Younus, Director of Pakistan Operations for Haydrian.