[Oct 20, 2020] United Company for Financial Services “Tas’heel Finance” successfully implemented BenchMatrix’s RiskNucleus® Anti Money Laundering solution to automate AML operations and to bring efficiency in the processes.
The comprehensive solution will automate areas of watch list name screening, both batch based and real time, batch based transaction monitoring and batch based risk assessment.
United Company for Financial Services “Tas’heel Finance” is a closed joint stock company that is a fully owned subsidiary of United Electronics Company “eXtra”. “Tas’heel Finance” specializes in providing Shari’ah compliant financing solutions and is governed by the Saudi Arabian Monetary Authority. Tas’heel’s implementation of BenchMatrix’s RiskNucleus® Anti Money Laundering solution puts Tas’heel as the pioneer in the fintech industry in the Saudi market once again this year after they’ve announced the launch of their end to end digital journey to customers. Tas’heel strives to capitalize on the best available technology to achieve the top service level to customer to achieve their financial needs while reducing turnaround time and increasing employee’s productivity via the use of automated solutions
Muzaffer Hamid, CEO ‘Tas’heel Finance’ said: “We are very pleased to implement BenchMatrix’s RiskNucleus® Anti Money Laundering solution to our Compliance Program. As we believe in Tas’heel that automation in today’s market is key to enhancing both the customer experience and the efficiency of our internal processes.”
BenchMatrix is a leading advisory services and automated Governance, Risk & Compliance (GRC) technology provider with a focus on developing practical and effective solutions for organizations. The team has several full cycle implementation experiences in multinational organizations with success stories in France, Romania, Canada, Malta, Turkey, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, Pakistan, Algeria, and Tunisia.