Download PDF

Dubai, United Arab of Emirates – February 13th, 2007: Haydrian International, provider of world-class risk management technology and First Security Group (FSG) of Dubai, first-rate security services provider, made known today, the formation of a new venture, First Corporation Bureau. This joint venture plans on bringing Haydrian’s leading Risk Management and Financial Industry Solutions for Anti Money Laundering (AML), Basel II Operational Risk, Consumer Credit, and other products to the Dubai Market. A combination of two high-profile companies working together will be an unstoppable force in the rapid and hot Dubai financial market.

“This is exciting,” said Johnny Harb, General Manager and Chairman of Haydrian MENA, “With our subject matter expertise in the financial services industry and our professional methods of implementation and integration with virtually any core financial application; First Corporation Bureau (FCB) will be a strong emerging leader, in providing the UAE with Risk Management and Financial Industry Solutions. To become involved with a company like FSG, world leaders in all industry sectors of security was an important decision. First Corporation Bureau will not only be able to meet financial institutions compliance needs, but their Risk Management and Security needs as well. Together, Haydrian and FSG will enter the UAE market in full force.”

Haydrian’s 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 exposure for institutions of local and global importance. Our expertise in regulatory products hails from the Vice President of Product Design, Martin Owen, formerly Head of the Financial Crime Policy Unit, UK Financial Services Authority. 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, the platform independent and does not encumber networks or create a burden for IT departments.

“First Corporation Bureau will be a strong and dynamic company in the UAE; I am looking forward to this partnership with Haydrian because of what they bring to the table in regards to Risk Management. Their expertise and our knowledge of the UAE market will help FCB get off to a roaring start,” said Major General Abdul Aziz of First Security Group.

About First Security Group
First Security Group was founded in 2005. A year after the formal establishment of the company, FSG has established itself as a highly respected entity in the Middle East’s corporate and industrial security sector. Its growing list of clients include some of the region’s most prestigious and commercially commanding organizations in the region, as well as high profile and renowned individuals internationally. First Security Group is fully equipped to provide a comprehensive range of corporate and financial security services across all industry sectors, covering all aspects of financial, data, physical and transport security, as well as the prevention, detection and remedy of instances of fraud, theft or the likes.

About Haydrian
Haydrian Corporation provides risk management solutions for financial institutions around the world. Our solutions include an AML detection and monitoring system, a Basel II Operational Management, Internet Security, Consumer Credit Scoring, Private and Investment Banking Core System and Islamic Core Banking System. 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), Egypt, UAE, Pakistan & Indonesia.