Themis Expands Its Financial Crime Prevention Solutions in Saudi Arabia
Themis, a pioneering financial crime technology company, has taken a major step forward in its commitment to combat financial crime by launching a new risk management cloud service in Jeddah, Saudi Arabia. The state-of-the-art service, designed specifically for the region, aims to meet the local demands and regulatory requirements regarding data sovereignty.
Key Features and Benefits of Themis’s New Service
Advanced AI-based Financial Crime Prevention Technology
The new service offers clients cutting-edge tools to safeguard their operations with:
- Advanced AI technology
- Capabilities to identify and prevent financial crime
Robust Security Measures
Security is paramount:
- Stringent security protocols
- Continuous surveillance
- Robust security systems
Compliance-Driven Infrastructure
Themis is committed to upholding high compliance standards:
- Complies with industry regulations
- Protects institutions from compliance breaches
High-Speed, Low-Latency Connectivity
Seamless and efficient access to critical data and applications:
- Strategic location in Saudi Arabia
- High-speed, low-latency connectivity
Quotes from Themis Executives
“We are thrilled to bring our advanced financial crime prevention solutions to Saudi Arabia,” said Dickon Johnstone, CEO at Themis. _ “[…] We are excited to contribute to the Kingdom’s Vision 2030 in this way.”_
“Our strategy of ‘build once, deploy anywhere’ is coming to life in this way,” commented Matthew Deacon, CTO at Themis.
The Importance of Themis’s Entry in the Saudi Arabian Market
The launch of Themis’s new data centre in Saudi Arabia is a crucial step in the firm’s global expansion. The new service is designed to enable businesses to detect, prevent, and reduce the impacts of financial crime, demonstrating Themis’s commitment to empowering the financial sector with innovative solutions.
Saudi Arabia’s Fight Against Financial Crime
Saudi Arabia is witnessing a significant push to tackle financial crime as part of its progress towards Vision 2030. The following key objectives are the focus:
- Diversify the economy
- Foster entrepreneurship
- Grow the financial sector
The ongoing digital transformation in the country presents opportunities for effective collaboration between the public and private sectors in the fight against financial crime. Themis’s technology is positioned to provide the necessary tools for this endeavour.
Adherence to Regulatory Requirements
As a responsible and innovative provider, Themis’s technology is designed to adhere to any jurisdictional regulatory requirements.
“Our technology is designed to adhere to any jurisdictional regulatory requirements,” reports Francis Bignell, Themis’s lead LatAm correspondent.