June 5th
Banco Autofin Mexico setting the standard for compliance management in financial institutions by implementing Haydrian’s XM3 Risk Management Solution Mexico D.F., Mexico – June 26th, 2006: Banco Autofin Mexico Inc., a bank that emerged from the growth and success of Grupo Autofin México, one of Mexico’s leading institutions with over 29 years of experience as providers of credit for the purchase of homes and automobiles, announced today that it will implement Haydrian XM3® Anti-Money Laundering Solution from Haydrian International, a global provider of Anti-Money Laundering (AML) analytics, risk management and reporting technology. Mr. Julio César Arredondo, Director of Compliance for Banco Autofin Mexico, said today “The way XM3 is designed to communicate with our core banking system is one of the many reasons we decided to implement Haydrian’s solution. XM3 takes our information and configures the solution around our compliance needs, this helps minimize the work for our team so we can focus on other duties. The international references as well as the prestige of Haydrian were also decisive factors in our decision.” Haydrian’s XM3 is a world-class, first tier AML monitoring and compliance solution designed by industry leaders in the areas of AML detection, risk management, modeling human behavior, pattern recognition and information technology. XM3 is designed to be fast, reliable, secure, easy to deploy and reusable in any variety of environments. Created to monitor, detect and report a full spectrum of financial activities. All customer and transactional activities are automatically risk-assessed and managed according to criteria unique to the bank’s needs, preferences and international and local regulatory requirements. “While many banks are content with merely passing a compliance audit, Banco Autofin’s team of experienced professionals insists on setting the standard for risk management and anti-money laundering compliance in their industry. We are thrilled to work with Banco Autofin’s skilled lineup of veterans as they embark on a quest to systematize and deploy best practices.” said Alex Logan, Vice President of Haydrian Latin America/Caribbean. About Banco Autofin Mexico, S.A.
Banco Autofín México S.A., is part of Grupo Autofin México, wich has more than 29 years of growth and success operating as a company providing access to credit primarily for the purchase of homes and automobiles, Banco Autofin Mexico, S.A. was recently awarded a license to operate as a consumer credit bank by Mexico’s regulatory authorities. Banco Autofin Mexico, S.A. will carry on the legacy of helping families throughout Mexico achieve their financial dreams. About Haydrian
Haydrian Corporation provides risk management solutions for financial institutions (banks, brokerage, insurance and money service businesses) around the world. Haydrian XM3 is a premier detection, prevention and risk management platform for financial institutions which delivers a combination of the highest levels of regulatory compliance at the minimum total cost of ownership. Haydrian is led by a team of experienced senior executives with a successful track record in international banking, compliance monitoring, consulting, financial services, credit analysis and risk management. In addition to corporate offices in the United States, Lebanon, U.A.E., Egypt, Pakistan, Indonesia, Spain, Mexico City, Panama and Colombia. |