Doha: LuLu Exchange, in association with Pearl Data Direct LLC, signed a contract with the Luxembourg-based LOGOS ITS to procure the iDETECT compliance software yesterday to fight against financial crime in Abu Dhabi.
The ceremony was presided by H E Nicole Bintner-Bakshian, the Ambassador of Grand Duchy of Luxembourg to the UAE. The signing ceremony took place in the presence of the senior management of both the companies.
Also present in the ceremony were Marc Scheer, Deputy Head of Mission, Embassy of the Grand Duchy of Luxembourg, and Executive Director, Luxembourg Trade and Investment Office.
The software has the reputation as the only software platform in the market that provides and end-to-end functional coverage and protection against the full financial crime spectrum through secure browser-based solutions, which is also highly configurable by end-users.
Adeeb Ahamed, CEO of LuLu Financial Group and Pearl Data Direct said, “We have made a clear commitment to having truly differentiated risk, compliance and security functions with the procurement of iDETECT software.” The Peninsula
