3i Infotech launches three new security and fraud solutions at MEFTEC 2006

The offerings from 3i Infotech are iBoss, an integrated broker office solution, AWACS the stock exchange surveillance suite and BankAlert, for Anti-money laundering and Fraud Detection. This latest technology from 3i Infotech reiterates the company's expanding role in the development of tools designed to address the capital markets, security and anti-money laundering in the banking and financial industry.

"We are launching advanced product lines which reflect the immediate & future needs of regional stock-broking, banking and financial trade institutions," said Hari Padmanabhan, Deputy Managing Director of 3i Infotech. "Dubai International Securities, part of the Al Rostamani Group of Companies, and Al Rouad Marketable Securities, which is part of the Al Zarooni Group have both implemented the iBoss suite." He added that, iBoss is the only consolidated product on the market that features a comprehensive risk management application.

iBoss Integrated Broker Office Solution suite for stockbrokers and traders allows for total control over the entire trading process - from order to settlement. It consists of TraderWorkstation, Livestock and Workhorse products.

The iBoss Trader Workstation is a high performance arbitrage based multi-exchange trading screen for brokers that offers real time stock quotes, comprehensive order and trade management, margin trading etc, as well as user-configurable alerts and triggers. It covers a range of instruments like equity, warrants, exchange-tradable futures and options order types like market, limit, stop loss, and validity types that include GTC, GTD, and Dat Time.

In addition, the suite incorporates web-enabled trading. It provides a comprehensive end-to-end Internet-based trading platform for financial institutions that wish to provide reliable and secure trading to their clients.

The iBoss suite is rounded off with the Broker Back Office Accounting and Management module as well as a Straight Through Processing (STP) compliant Clearing and Settlement System with integrated processing capabilities encompassing all facets of trade management

iBoss is the only suite that provides an inbuilt risk management system that validates every single transaction.

For comprehensive surveillance across derivatives, equities, commodities and debts, 3i Infotech offers Advanced Warning and Control Systems (AWACS) Stock Exchange Surveillance. The product is designed to effectively deliver real-time surveillance monitoring of markets, for a diverse range of suspected and probable trading violations. Alert mechanisms are highly customized and tailored to the requirements of its user. At the same time, the rich graphical interface, market reconstruction and case management features ensure solid integration in a market that is free from any type of manipulation.

Finally, 3i Infotech has debuted its BankAlert, Anti-Money Laundering and Fraud Detection system, an all-inclusive program which exhibits one dozen services to combat against fraudulent activities. Not only is it in compliance with KYC (Know Your Customer) requirements, BankAlert also incorporates all relevant regulatory and MIS reports along with blacklist and watchlist screening.

In addition, it retains a graphical link tracer, account collusion matrix, transaction monitoring and wire-messaging check.

A key feature of BankAlert is its ability to manage alerts by user-configured, pre-allocated priorities and classifications, allowing the user to conform the system to their knowledge and experience in all transactions.

As white-collar crime and fraudulent activities come to the forefront of concerns, 3i Infotech's advanced line of solutions are expected to make strong in-roads that correspond to the growing demands of a variety of sectors in the financial industry.