August 28th
Acquiring Haydrian’s Risk Management Solution will allow ABI to strengthen their Compliance program and enhance AML best practice procedures St. John’s, Antigua – August 28th, 2006: ABI Financial Group, one of the most prominent financial organizations in the Caribbean, recently announced their decision to strengthen their compliance program by implementing Haydrian’s XM3® Anti-Money Laundering (AML) solution to help manage risk in their growing Caribbean and international operations. In a fast-paced financial group like ABI, XM3’s advanced risk management capabilities will help ABI monitor an escalating volume of transactions as their customer base and financial service offerings continue to swell. “Our international presence requires proactive monitoring of all transactions, with fast, reliable detection of unusual behavior patterns. The Haydrian XM3 Case Manager not only allows us to prioritize alerts but also provides an immediate drill-down capability to determine the root cause of warning signals. We also like XM3’s graphic depiction of accounts which gives us an instant picture of all transactions for each account. This feature, among several others, is a real time saver” said Avonelle Watson, Internal Auditor and Manager in Charge of Compliance for ABI Financial. “We are thrilled to have ABI Bank Ltd. and Antigua Overseas Bank Ltd. as Haydrian customers. These growing organizations are noticeable leaders in their respective markets. Haydrian XM3 will contribute toward ABI’s commitment and realization of best AML practices” said Alex Logan, Vice President of Haydrian Latin America/Caribbean. Haydrian’s XM3 AML 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 institutions with local and global prominence. About ABI Financial Group
The ABI Financial Group is a dynamic organization who sixteen years ago, had the foresight and courage to embark on a mission aimed at providing Antigua and Barbuda with a comprehensive range of financial services. In the 21st. century, the ABI financial Group is poised to extend its reach locally, regionally and internationally. From rather modest beginnings in 1990 the group has expanded to include seven companies: its flagship ABI Bank Ltd. (ABIB) which includes an Investment Department, Antigua Overseas Bank (AOB), ASD Brokerage and Investment (ASD), ABI Trust (Antigua) Ltd. (ABIT), ABI Insurance Company Ltd. (ABII), ABI Development Company Ltd. (ABID) and Jolly Beach Vacations. 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 (Middle East & North Africa, located in Lebanon), Pakistan & Indonesia. |