Luxembourg, on 24/10/2018 – Logos ITS, the leading global provider of Financial Crime prevention and watchlist filtering solutions, announces a new strategic partnership with Ycosa Ltd. to respond to the growing demand for RegTech solutions in Bangladesh.
"With increasingly stringent compliance regulations in Bangladesh, more and more financial institutions in this country are looking for solutions to accurately detect high-risk customers and counterparts to eliminate the risk of processing illegal transactions", said Tanvir Iasdani, Executive Director at Ycosa Limited. "We are delighted with our new partnership with Logos ITS and the ability to deliver a best-of-breed solution that provides advanced machine learning features and sophisticated investigation functions. We have established a reputation for consistently delivering critical and technically challenging projects under stipulated time schedule, simultaneously providing excellent customer service and support to our client. With a world-class solution like idetect, which is rapidly deployable, cost-effective and continuously evolving we will help our customers to keep ahead of regulations and risk."
"We are very pleased to be partnering with Ycosa Ltd., a leading services provider in Bangladesh”, says Olivier MERLAN, Deputy CEO at Logos ITS. "With our cooperation with Ycosa, we are reinforcing our positioning and footprint in Asia and our commitment to help Bangladeshi financial institutions ensure money laundering protection and improve terrorism financing controls.”
Ycosa Ltd. will resell, implement and support idetect's software solutions and services including the latest advances in artificial intelligence providing unprecedented quality in real time watchlist screening and behaviour analytics.