Thursday Nov 28, 2024
Thursday Nov 28, 2024
Wednesday, 17 November 2021 00:00 - - {{hitsCtrl.values.hits}}
US-headquartered Global RADAR, a leader in client onboarding and transaction surveillance, has appointed Hummingbird International as a strategic partner to market their innovative Financial Risk Management solutions in Sri Lanka.
As an essential component to prevent financial crimes, banks and financial services institutions resort to tools that provide the capability to verify customer identities, monitor unusual transactions, money laundering activities or politically exposed persons from being within their clientele.
As a cloud-based application, these tools are offered on a SaaS model with a scalability option for the clients and minimal capital layout or cost of ownership. Global RADAR is the leader in client onboarding and transaction surveillance. These solutions make it easier to open accounts in a secure digital environment while ensuring compliance with global regulatory requirements and leverage sophisticated analytics to ensure investment suitability for clients. Global RADAR solutions are built on four solid pillars of compliance: Customer Due Diligence, Document Management, Watch List Screening, and Transaction Surveillance. These solutions are geared to monitor and detect Anti-Money Laundering and financial crimes.
Commenting on their operations, Founder/CEO Dominic Suszek, stated Global RADAR was a solution that was born from the necessity to create a solution that would address regulatory requirements while providing operational efficiencies large core systems could not provide. “I frequently tell people that Global RADAR was created to be the solution I would have loved to have as a banker when I had to work through all these issues.”
COO Robert Clesi articulated that their Global expansion plans include a presence in Southeast Asia to support the growing requirements to support the advancements in financial crime technologies. “We are very excited about our partnership with Shiraz and the team and growing our presence in this part of the world.”
Hummingbird International CEO Shiraz Latiff opined that those financial institutions were looking for effective tools that could mitigate financial crimes and money laundering activities without costly and constant upgrades to improve its effectiveness, and that Global RADAR solutions was the best response for that expectation.
Global RADAR is the leader in client onboarding, customer due diligence and transaction surveillance. They provide services to retail, institutional and commercial clients with a global presence in over 12 countries.
Hummingbird International is a leading Organisational Design Consultancy based out of Colombo. Through their collaboration with dynamic specialist organisations across the globe, they bring in expertise in the areas of strategy, innovation, business effectiveness and financial advisory.
