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Sunday, June 03, 2007

3i Infotech - Wins Best Software Award

3i Infotech, a global provider of IT solutions and India’s fourth largest software product company*, today announced that the company’s Anti-Money Laundering (AML) and Fraud Detection software – AMLOCK™ - has been adjudged the ‘Best Software Product of 2006-2007’ by the Hyderabad Software Exporters Association (HYSEA).

The prestigious HYSEA award recognizes 3i Infotech’s innovation in product development and the growth of the company’s presence in the space of Anti Money Laundering (AML) software. The awards are audited by Ernst & Young.

Commenting on the win, Mr. Sheikh, Head – Capital Market, 3i Infotech said, “Post 9/11, global compliance standards have become increasingly important for financial institutions in order to check money laundering and run transparent businesses. Add to this RBI’s directive to Indian banks and the need for technology has become a global one. Hence, next generation solutions like AMLOCK would continue to play a pivotal role in checking and curbing money laundering practices. We are grateful to HYSEA for recognizing our efforts in this direction and will continue our endeavour to delivering best in breed technology products.”

Mr Sheikh added, “3i Infotech is a leader in Anti Money Laundering with AMLOCK being used to monitor a very significant proportion of the banking transactions in India. 3i Infotech has over 40 AMLOCK customers across the world and is connected to more than 10 global core banking systems.”

Labels: 3i Infotech

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