BankIslami becomes the first Pakistani bank to use Haydrian’s XM3 AML solution, which helps banks detect, monitor and fight money laundering and other financial crimes. 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 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 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.
“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,” says, 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.
“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,” says, Anis Younus, Director of Pakistan Operations for Haydrian.