3i Infotech wins 'Best Software Product' Award from HYSEA

3i Infotech Ltd, on May 31, 2007 has announced that the Company's Anti-Money Laundering (AML) and Fraud Detection software - AMLOCK^TM - has been adjudged the 'Best Software Product of 2006-2007' by the Hyderabad Software Exporters Association (HYSEA).

The prestigious HYSEA award recognizes the Company's innovative in product development and the growth of the Company's presence in the space of Anti Money Laundering (AML) software. The awards are audited by Ernst & Young.

Commenting on the win, Mr. Suheim Sheikh, Head - Capital Market, the Company said, "Post 9/11, global compliance standards have become increasingly important for financial institutions in order to check money laundering and run transparent businesses. Add to this RBI's directive to Indian banks and the need for technology has become a global one. Hence, next generation solutions like AMLOCK would continue to play a pivotal role in checking and curbing money laundering practices. We are grateful to HYSEA to recognizing our efforts in this direction and will continue our endeavour to delivering best in breed technology products."

Mr. Suheim added, "3i lnfotech is a leader in Anti Money Laundering with most of the banking transactions in India, being monitored through and routed through AMLOCK. 3i Infotech has over 40 customers across the world and is connected to more than 10 global core banking systems."

Source : Equity Bulls

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