August 17th
MultiValores to protect their growing financial group by acquiring Haydrian’s Risk Management Solution to bolster compliance procedures Mexico D.F., Mexico – August 17th, 2006: MultiValores Grupo Financiero, a diversified Financial group with more than 30 years of experience in the Mexican financial market, recently acquired Haydrian’s’ XM3® Anti-Money Laundering (AML) solution for use in their emerging banking operations. Multivalores plans to use XM3’s advanced risk management capabilities for their brokerage, mutual funds and leasing operations. Haydrian International, a provider of world-class risk management technology, was selected by MultiValores due to Haydrian’s subject matter expertise in AML practices and XM3’s capacity to integrate with virtually any core financial application. “We selected Haydrian’s XM3 due to the versatility and flexibility of the solution. We like XM3’s user friendliness and the way in which XM3 will allow us to adapt easily to changing market conditions and evolving internal policies” said Mr. Guillermo Cobián, Multivalores Director of Compliance Management. By integrating XM3, MultiValores can devote more time on satisfying client needs without worrying about escalating and rigorous compliance requirements. “A diversified financial services group like Multivalores faces intricate compliance challenges that only a versatile AML solution provider can address. Haydrian’s blend of comprehensive AML technology and risk management proficiency will help Multivalores standardize compliance operations across multiple lines of business. We are very proud to have been selected by their compliance and IT professionals” said Alex Logan, Vice President of Haydrian Latin America/Caribbean. Haydrian’s solution was designed and developed by an internationally recognized management and engineering team to effectively address the increasing demands of combating money laundering and meeting the compliance guidelines established to limit the risk of exposure for institutions of local and global importance. Haydrian has developed a solution that can easily be tailored to address the complex challenges of today’s compliance and audit departments. Haydrian XM3 is unique in design, platform independent and does not encumber networks or create a burden for IT departments. About MultiValores Grupo Financiero
MultiValores Grupo Financiero is headquartered in the heart of one of Mexico City’s bustling business districts. With more than 30 years of experience, MultiValores offers an abundance of services and industry acumen to Mexico’s financial market. MultiValores has been growing rapidly for several years and now provides their distinctive blend of money-management products from several regional branches throughout Mexico. About Haydrian
Haydrian Corporation provides risk management solutions for financial institutions (banks, brokerage, loans and savings associations, cooperatives, 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 Haydrian has offices located in Mexico, Panama, Colombia, Brazil, Spain, MENA (Middles East & North Africa, located in Lebanon), Pakistan & Indonesia. |