Intertec Systems, a leading IT solutions provider with clients and implementations across the GCC and India, along with its partner ACE Software Solutions, is showcasing its leading edge payment and anti-money laundering solutions at the Payments Middle East event.

The two-day second annual conference of Payments Middle East began at the Le Meridien, Dubai, yesterday (November 20).

ACE Software Solutions is a provider of intelligent payment, anti-money laundering (AML) and straight through processing (STP) solutions for the financial industry. Its clientele includes BNP Paribas, Credit Agricole, Credit Suisse, RBC Dexia, State Bank of India and Standard Chartered.

“We are pleased to be participating along with our partner ACE Software Solutions in Payments Middle East.  There is a definite demand for payment and AML solutions in the region and we see a huge scope for ACE’s solutions here. The Payments Middle Event will provide a perfect platform for us to introduce the ACE’s products and solutions to the financial Industry in the region,” said managing director, Intertec Systems, Naresh Kothari.

Commercial Director, ACE Software Solutions, Tim Dawes is representing ACE Software Solutions at the event.
 
Financial institutions have increasing demands for flexible and sophisticated payment capabilities which adhere to the stringent need for regulatory compliance. To compete on the world stage, it is vital that organisations comply with global standards. 

ACE Software offers a range of specially designed payment solutions for banks and corporates based on their PELICAN platform.  Each element of the PELICAN solution suite solves a current pressing need in the market whilst providing a platform that can accommodate changes in the payments landscape, whether from industry or regulatory initiatives.

In addition the ACE AML Toolkit allows for effective Anti-Money Laundering, using sophisticated fraud and compliance message filtering. It checks transactions against official sanction lists such as United States’ Office of Foreign Assets Control and United Nations to identify suspicious or illegal activity.

The system intelligently captures suspicious patterns in customer behaviour that may be part of an illegal activity. – TradeArabia News Service