Al Amal Exchange, a UAE-based leading financial services brand, has partnered with Effiya Technologies in the ongoing battle against financial crime.
This marks a significant milestone for the exchange in the adoption of an intelligent, scalable, and dynamic solution that aims to proactively detect and prevent money laundering schemes before they can inflict harm.
Effiya’s expertise and smart AI solutions will empower Al Amal Exchange to mitigate its risks while setting higher standards of compliance and security.
Sulaiman Ismail Sherif, General Manager of Al Amal Exchange, said that, “At Al Amal Exchange, ensuring regulatory compliance and safeguarding our customer’s interests remains our top concern. By leveraging Effiya’s cutting-edge technology and artificial intelligence enabled solution, we aim to set new standards in compliance effectiveness and efficiency.”
The General Manager noted that, “Together, we are poised to reshape the landscape of regulatory adherence for the exchange. The partnership is a timely initiative and a serious measure to ensure a secure financial environment.”
Jigar Shah, CEO of Effiya Technologies, stated that, “This collaboration is a positive leap forward towards a more secure financial environment. We have closely monitored the expanding capabilities of AI and its potential applications in regulatory compliance.”
“By joining forces with Al Amal Exchange, we are taking a significant step in reinforcing their dedication to regulatory compliance and fortifying the security of their customer’s transactions,” Shah further added.
Effiya Technologies
Effiya Technologies, powered by Sutra Management is a fintech startup that provides AI-enabled solutions for the client. Headquartered in Singapore and with reseller partners across India and GCC, the company is one of the growing companies providing intelligent financial crime-combatting solutions.
