Sri Lanka, March 03, 2012– With the successful implementation of 3i Infotech’s AMLock™ Anti Money Laundering (AML) software at Sampath Bank PLC, the bank has the distinction of being the first major bank in Sri Lanka to be AML compliant. This achievement not only places Sampath Bank as a pioneer in this field among its peers in the country, but is also likely to give the bank reputational advantage for correspondent banking in markets outside of Sri Lanka.
Mr. Aravinda Perera, Managing Director, Sampath Bank PLC., said, “We owe it to our customers to choose only the best in an important area such as Anti Money Laundering. We therefore chose AMLock™ from 3i Infotech, because of its strong credentials and technical strengths, strong presence in the subcontinent, compliance to Sri Lankan regulation and an impressive customer base. With its successful and timely implementation, we have taken one more step to enhancing customer confidence in us. We reaffirm our quest to upgrading our technological capabilities even further, to be able to deliver more efficiently to our customers.”
Mr. Narayan V, Region Head – South Asia, 3i Infotech said, “With the successful implementation of our AMLock™ AML solution at Sampath Bank, we are happy to have delivered on our commitment, which has enabled our valued customer to meet this important compliance milestone. This also reiterates our commitment to the BFSI market in Sri Lanka. Already having a string of successful AML engagements in this market over the past two years, we are now also looking to launch our other premium banking and financial solutions in Sri Lanka.”
Sampath Bank chose 3i Infotech’s AMLock™ AML software based on a rigorous selection and due diligence process initiated by a consortium of 13 banks in Sri Lanka and facilitated by the Sri Lanka Bankers Association (SLBA). Not surprisingly, 3i Infotech has since also acquired orders from other reputed banks in Sri Lanka for their AML software solution and currently has a fair presence in Sri Lanka.
AMLock™ from 3i Infotech is an award winning, state-of-the-art software solution for banks and financial institutions, that meets the compliance needs for Anti Money Laundering and Financial Crime Detection. This software has been deployed at more than 65 banks in numerous countries, including several of the leading banks in India, where it is a market leader, and has been integrated with more than 25 source systems in these banks.
3i Infotech has a wide variety of product offerings for the banking and financial services industry, which also include its Universal Lending solution, Treasury Management, Asset Liabilities Management, Mutual Fund, Trade Finance, Leasing & Factoring solutions.
For local operations and on ground support in Colombo, 3i Infotech has tied up with DMS Software Engineering. Together, 3i Infotech and DMS will install, implement, train and support the AMLock™ software in Sri Lanka.
About 3i Infotech
3i Infotech (www.3i-infotech.com) is a global Information Technology company committed to Empowering Business Transformation.
A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI). The company also provides solutions for other verticals such as Government, Manufacturing, Retail, Distribution, Telecom and Healthcare.
3i Infotech has over 1500 customers, including 71 in the Fortune 500 list, in more than 50 countries across 5 continents
For more information, please contact:
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Head - Global Marketing & Public Relations
3i Infotech Limited
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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.