Mumbai - February 27, 2008 - 3i Infotech, a
global provider of IT solutions and the fourth largest Indian Software
Products company*, today announced that Union Bank of India (UBI), one of
India's largest state-run banks, has signed an agreement to implement
AMLOCK™, the company’s award winning Anti Money Laundering (AML) software at
Union Bank of India.
There is an increasing global
awareness for matters relating to Anti Money Laundering and leading banks in
particular, are addressing these requirements by implementing a suitable
software solution. Union Bank of India too, is among these forward looking
banks, which have decided to implement the AMLOCK™ Anti Money Laundering
solution from 3i Infotech.
Mr. Anirudh Prabhakaran, Chief
Operating Officer, 3i Infotech – South Asia, said, “3i Infotech offers a
broad range of IT services and solutions to various banks and we are proud
and delighted that a reputed bank like Union Bank of India has selected our
Anti Money Laundering solution. This is a testimony of their belief in our
ability to deliver and also in the quality of our products.”
3i
Infotech is one of the top 4 Indian Software Products Companies.* The
company provides software products and IT services (Managed IT Services,
Application Software Development & Maintenance, Payment Services,
Business Intelligence, IT Consulting, BPO, Document Imaging &
Digitization and Data Warehousing) for the Insurance, Banking, Capital
Market, Mutual Funds, Manufacturing, Retail & Distribution, and
Government verticals. The company services customers in over 50 countries
across 5 continents. 3i Infotech is SEI CMMI Level 5 compliant for its
Software services and ISO 9001:2000 certified for its IT Infrastructure and
BPO services.
M.B. Battliwala
Senior
General Manager
3i Infotech Limited
Akruti Centre Point, 6th
Floor
M.I.D.C Central Road
Next to Marol Telephone Exchange
Andheri (East), Mumbai - 400 093
India
Tel: 91-22-39145700
Fax: 91-22-39145520
E-mail: corporate@3i-infotech.com
Except for the historical
information contained herein, statements in this release, which contain
words or phrases such as "will", "would", "expect", "believe", and similar
expressions or variations of such expressions may constitute
"forward-looking statements". These forward-looking statements involve a
number of risks, uncertainties and other factors that could cause actual
results to differ materially from those suggested by the forward-looking
statements. These risks and uncertainties include, but are not limited to,
the performance of the Indian economy and of the economies of our principal
international markets, the performance of the industry sectors in which our
clients are based, the performance of the information technology industry
sector world-wide, competition, our ability to obtain statutory and
regulatory approvals and to successfully implement our strategy, future
levels of our growth and expansion in business, technological
implementation, changes, advancements, and redundancies, the actual demand
for software products and services, or the future potential or feasibility
thereof, changes in revenue, income or cash flows, our market preferences
and our exposure to market risks, as well as other risks. 3i Infotech
undertakes no obligation to update forward-looking statements to reflect
events or circumstances after the date thereof.