Haydrian International, provider of world-class risk management technology and First Security Group (FSG) of Dubai, first-rate security services provider, made known today, the formation of a new venture, First Corporation Bureau. This joint venture plans on bringing Haydrianâs leading Risk Management and Financial Industry Solutions for Anti Money Laundering (AML), Basel II Operational Risk, Consumer Credit, and other products to the Dubai Market. A combination of two high-profile companies working together will be an unstoppable force in the rapid and hot Dubai financial market.
âThis is exciting,â said Johnny Harb, General Manager and Chairman of Haydrian MENA, âWith our subject matter expertise in the financial services industry and our professional methods of implementation and integration with virtually any core financial application; First Corporation Bureau (FCB) will be a strong emerging leader, in providing the UAE with Risk Management and Financial Industry Solutions. To become involved with a company like FSG, world leaders in all industry sectors of security was an important decision. First Corporation Bureau will not only be able to meet financial institutions compliance needs, but their Risk Management and Security needs as well. Together, Haydrian and FSG will enter the UAE market in full force.â
Haydrianâs AML solution was designed and developed by an internationally recognized management and engineering team to effectively address the increasing demands of combating money laundering and meeting the compliance guidelines established to limit the risk of exposure for institutions of local and global importance. Our expertise in regulatory products hails from the Vice President of Product Design, Martin Owen, formerly Head of the Financial Crime Policy Unit, UK Financial Services Authority. Haydrian has developed a solution that can easily be tailored to address the complex challenges of todayâs compliance and audit departments. Haydrian XM3 is unique in design, the platform independent and does not encumber networks or create a burden for IT departments.
âFirst Corporation Bureau will be a strong and dynamic company in the UAE; I am looking forward to this partnership with Haydrian because of what they bring to the table in regards to Risk Management. Their expertise and our knowledge of the UAE market will help FCB get off to a roaring start,â said Major General Abdul Aziz of First Security Group.