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Banco de Credito Helm Financial Services, (Panama) S.A. selects Haydrian XM3 Anti-Money Laundering Solution

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June 5th
Banco de Credito to fight financial crime through enhanced protection of the company by implementing Haydrian’s Risk Management Solution

Panama City, Panama – June 27th, 2006: Banco de Credito Helm Financial Services, (Panama), S.A., an affiliate of one of the fastest growing financial services in Colombia, announced today it has chosen Haydrian International, a provider of Anti-Money Laundering (AML) analytics, risk management and reporting technology, to implement the Haydrian XM3® Anti-Money Laundering Solution.

Mr. Carlos Rojas, General Manager of Banco de Credito and Jania De Luca, Project Leader, said today “after a careful study of available AML solutions, and the support of Haydrian’s local partner, Arango Software International, who has more than 20 years of experience in the Latin American market supporting integration and implementation, the bank’s selection team chose Haydrian; a factor was superior functionality and flexibility of the XM3 solution and the quality of the Haydrian support program. We required a risk-based, proactive detection solution with a scoring system to allow our compliance staff to meet region and global compliance requirements. We wanted a system which was not only flexible, but one that could easily be expanded to accommodate the change and knowledge gained worldwide in this very complex element of Risk Management. Our reputation and the welfare of our clients’ demand a first tier solution.”

The XM3 solution is designed to deliver a comprehensive and robust AML solution which is fully integrated with the financial institutions’ operational systems. Haydrian can provide both batch and real time AML monitoring, detection and reporting capability across a full spectrum of financial activities. All customer and transactional activities are assessed for their risk in light of local and international regulatory requirements.

“Advanced AML technology is an important consideration for every bank in ensuring compliance with regulatory requirements and assuring a financial institution that this critical element of Risk Management has been appropriately addressed. Banks in Latin America require a flexible, cost efficient and user friendly technology to enable them to move from merely being aware of risks to proactively reducing their exposure” said Alex Logan, Vice President of Haydrian Latin America/Caribbean.

About Banco de Credito Helm Financial Services
Banco de Credito Helm Financial Services (Panama), a member of the Helm Financial Services Group, is one of the fastest growing financial services groups in Colombia, with 39 offices throughout the country and international operations in Venezuela, Panama and the U.S. Banco de Crédito Helm Financial Services (Panamá) S.A., is a 100% afíliate of Banco de Crédito de Colombia S.A. Banco de Credito Helm Financial Services, incorporated under Panamanian laws since 1998. It is supervised by the Superintendencia de Bancos de Panamá. It operates under an International License, which allows the bank to provide all the banking services to individuals and corporations not residing in Panamá. Banco de Credito offers more financial opportunities with the highest standards of quality and service for individuals and corporations.

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.

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