Trade iQ, World’s First AI-powered TBML option established by AKS iQ, has actually been granted the distinguished Gold Award at the 2024 HBL PASHA ICT Awards. The acknowledgment is available in the Banking, Insurance & Finance (Consumer) classification, verifying Trade iQ’s critical function in changing how banks deal with Trade-Based Money Laundering (TBML) and compliance difficulties. This distinction even more seals AKS iQ’s standing as a leader in the trade compliance sector. Established in 2019, AKS iQ has actually quickly turned into a crucial gamer in the monetary innovation landscape, using innovative services for real-time trade danger management. With Trade iQ, AKS iQ has actually empowered 14 significant banks in Pakistan, consisting of Standard Chartered, CitiBank, Bank Alfalah, HBL, MCB, Bank Al Habib, UBL, Askari Bank, Faysal Bank, Bank Islami, JS Bank, Soneri Bank, AL Baraka, and MCB Islamic, by supplying them with ingenious tools to fight TBML dangers. The software application’s capability to manage complicated regulative structures has actually placed it as the go-to service for banks seeking to automate and enhance their trade procedures. The PASHA ICT Awards, arranged by the Pakistan Software Houses Association (PASHA), is among the most prominent innovation occasions in Pakistan, honoring the nation’s leading IT and software application business. This year’s awards got an outstanding 1,198 elections, showcasing the remarkable skill and development present in Pakistan’s innovation environment. Out of these, 33 business were honored in the gold classification, and 47 others got merit-based awards. A panel of 15 respected market professionals examined the entries, thoroughly picking winners in classifications like Consumer Services, Business Services, and FinTech Innovation. Structure on its success in Pakistan, where it controls over 80% of the trade compliance market, AKS iQ is now set to broaden internationally. “We are tremendously pleased with Trade iQ’s acknowledgment at the HBL P@SHA ICT Awards 2024. This accomplishment is a testimony to our dedication to transforming trade compliance utilizing advanced AI innovation. As we broaden our footprint beyond Pakistan, we are thrilled to bring our tested TBML option to international banks, resolving intricate compliance obstacles and protecting trade stability in brand-new markets.”– Dr. Asim Imdad Wagan, Ph.D in Artificial Intelligence & CIO of AKS iQ. With its acclaimed innovation and tested performance history, Trade iQ is poised to end up being the leading option for banks worldwide. For additional information about Trade iQ and its acclaimed functions, go to www.bitly.com/trade-iq If you’re a banks wanting to boost your trade compliance efforts and reduce TBML dangers, schedule a demonstration today to discover how Trade iQ can assist your company.
AKS iQ Earns Top Recognition in Banking Industry at PASHA Awards 2024
