Gulf Business Machines and TONBELLER team up to participate at MEFTEC
Abu Dhabi, United Arab Emirates, Bensheim, Germany 25th May 2011 - Gulf Business Machines (GBM), the region’s leading IT solutions provider, and TONBELLER AG, a pioneer in the development and implementation of company-wide Risk & Compliance solutions, today announced their joint participation at MEFTEC, the world’s premier financial technology event for emerging markets. The event will act as a platform for both companies to showcase the best-in-breed compliance solutions for customers in the Gulf region. The event will take place from 30th to 31st May at ADNEC in Abu Dhabi, UAE.
GBM is partnering with TONBELLER to assist customers in dealing with the alarming developments of fraudulent activities such as Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) and to comply with the respective regulations. During the event, both partners will also address the best approach in the prevention of financial crimes and risk assessment.
"The selection of GBM gives our clients in the Gulf region a very reliable partner that brings a lot of regional AML compliance subject matter expertise as well as the capability to managing complex compliance and banking projects making them an excellent bridge between our clients and TONBELLER,” Paul Hamilton Global Alliance Director of TONBELLER AG said.
“Our Compliance solutions support the organizations in streamlining processes, lowering operating expenses, and − most important of all – in complying with the national laws and regulations quickly. Leveraging from our long-term experience including successful projects in the GCC, we are looking forward to teaming up with GBM that has broad knowledge to help customers improve their compliance processes faster and achieve their business goals,” added Torsten Mayer , Managing Director of TONBELLER AG.
In addition to services and consulting, TONBELLER has deployed more than 700 installations of their Anti Money Laundering and Compliance solutions worldwide. Along with GBM’s local and regional experience and knowledge as well as their subject matter experts, both companies will ensure that customers are provided with the best solutions to fight and combat financial crimes and ensure optimum productivity and cost efficiency while complying with legal requirements and local rules and regulations.
“GBM is very pleased to partner with TONBELLER and participate at MEFTEC, one of the world’s leading financial technology events. Together we can provide next generation compliance solutions that are more effective, innovative and quick to deploy to our GCC customers while enabling them to securely comply with ever demanding regional and international regulations,” said Mohamed Daoud, GBM Banking & Finance Solutions & Services Practice Leader – across GCC.
About Gulf Business Machines (GBM)
Founded in 1990, Gulf Business Machines (GBM) is the leading IT solutions provider in the region fulfilling the IT requirements of local, regional and international organisations in the GCC.
A spin-off from IBM, GBM is the sole distributor for IBM– excluding selected IBM products and services –throughout the GCC, except for Saudi Arabia. GBM’s momentum was further enhanced in 1999, when the team secured the Cisco portfolio. Today GBM holds the highest level of recognition in the region from Cisco, Gold Partner status, in addition to the Cisco Learning Partner status.
GBM offers an extensive range of IT infrastructure, IT solutions and services ranging from consulting, resource deployment and integration to after-sales support, through 1000 professional and over 20 solid strategic partnerships forged with internationally-recognised IT solution providers.
The company, which is ISO certified, has offices in the UAE (Abu Dhabi, Dubai and Sharjah), Kuwait, Oman, Qatar, and Bahrain. GBM also has established a presence in Pakistan, where the company now operates three offices, one each in Karachi, Islamabad and Lahore as an IBM Premium Partner. The Pakistani operation also holds a Silver Partner Status from Cisco. For more information please visit www.gbm4ibm.com
TONBELLER is an international software and consulting company that supports over 1000 clients in 50 countries. In close cooperation with its global partner network TONBELLER meets regional needs regarding know-how and customer expectations. TONBELLERs cross-platform solutions consist of specialized consulting, applications for the fight against financial crime, and tools to manage complex and dynamic decision processes.
Sustainability in leadership and software development is an integral part of the company culture, founds the basis for a long-term customer relationship and protects investments. TONBELLER solutions help to manage complex and dynamic data, minimize risk and comply with legal requirements. Through innovative technology and consulting, TONBELLER over 100 highly qualified and specialized employees secure productive deployment and operation of the solutions. TONBELLER is located in Bensheim, Germany. For further information, visit www.tonbeller.com
For further information please contact:
Manager Public Relations
Gulf Business Machines
Tel: +973 17584333, Dir: +973 17584363
Lina Al Desouky
Associate Account Manager
Tel: +971 4 321 0077 ext: 1262