- Karachi, 01st January, 2020: IBL-Unisys and Sindh Bank Limited Kicked-off New Year with the Go-Live of Transaction Monitoring System based on SAS (Anti-Money Laundering Solution) at Sindh Bank Limited.
Transaction Monitoring System will help Sindh Bank in streamlining the compliance processes and bring increased visibility as they continue to grow and prosper.
The Go-Live ceremony was attended by top officials from both companies including Mr. Imran Samad President & CEO Sindh Bank Limited, Mr. Muhammad Ali Qureshi – CEO IBL-Unisys and Mr. Faraz Siddiqui, Country Manager SAS.
Speaking at the occasion, President & CEO Sindh Bank Limited Mr. Imran Samad, said: It is a memorable moment for Sindh Bank Limited to commence the New Year with the implementation of off the shelf SAS Transaction Monitoring System. This will enhance the capability of the bank to further improve the AML controls under the changing and demanding regulatory landscape. On this momentous occasion I would like to congratulate IT and Compliance teams of the bank for their commitment in its timely implementation. Also want to thank the IBL Unisys and SAS teams for their unwavering support to the bank in its launch.
Mr. Muhammad Ali Qureshi, CEO IBL-Unisys, said: We’re proud to be working with Sindh Bank to provide advanced solution that empower the organization to manage their compliances. I congratulate team Sindh Bank for this success, which demonstrates Sindh Bank’s commitment to improve its defenses against money laundering. We would not have achieved this success without extended support of our solution partner “SAS”. We look forward to continue serving as a trusted technology partner of Sindh Bank in their journey to digital transformation.
About Sindh Bank Limited:
Sindh Bank Limited was established on October 29, 2010 with seed capital of Rs.10 billion, wholly subscribed by the Government of Sindh. It commenced full-scale banking business in April 2011 and within just eight years, emerged as one of the fastest growing commercial banks in Pakistan, having established 330 on-line branches spread over 169 towns and cities across Pakistan. Out of these, 14 branches are dedicated to Islamic Banking.
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