ACE Software Solutions and Intertec partner in Middle East

London and Dubai – 4th September 2007

Payments and AML solutions delivered and supported in local market.

ACE Software Solutions, provider of intelligent payment, AML and STP solutions for the financial sector, today announced they had reached agreement with Intertec Systems of Dubai to partner in the Middle East region. This partnership brings together strength of product and industry expertise from ACE Software and local expertise of the innovative systems integrator Intertec Systems to support Middle East financial institutions with sophisticated payments and AML (Anti Money Laundering) solutions.

“The Middle East region is a growing market and it is evident that a local presence is essential for us to provide continual excellent customer service and support.” said ACE Software Solutions CEO Parth Desai. “Working with Intertec will enable us to provide our users with the implementation and ongoing support to meet their needs.”

Banks and Corporates have increasing demands for flexible and sophisticated payment capabilities which adhere to the stringent need for regularly compliance. To compete on the world stage, it is vital that organisations comply with global standards. ACE Software offers a range of specially designed payment solutions for Banks and Corporates based on their PELICANâ„¢ platform. Each element of the PELICAN solution suite solves a current pressing need in the market whilst providing a platform that can accommodate changes in the payments landscape, whether from industry or regulatory initiatives.

In addition the ACE AML Toolkit allows for effective Anti-Money Laundering, using sophisticated fraud and compliance message filtering. It checks transactions against official sanction lists (OFAC, UN, Bank of England, etc.) to identify suspicious or illegal activity. The system intelligently captures suspicious patterns in customer behavior that may be part of an illegal activity.

“We are delighted to have finalised our agreement with ACE Software”, adds Mr. Naresh Kothari, President & Managing Director, Intertec Systems LLC.
“Our commitment to bring the very highest quality solutions to customers in the region is enhanced by this partnership and we look forward to a long and mutually beneficial association between our two companies.”

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