Tuesday, October 8, 2024

AKS iQ Earns Top Recognition in Banking Industry at PASHA Awards 2024

Trade iQ, World’s First AI-powered TBML solution developed by AKS iQ, has been awarded the prestigious Gold Award at the 2024 HBL PASHA ICT Awards. The recognition comes in the Banking, Insurance & Finance (Consumer) category, affirming Trade iQ‘s pivotal role in transforming how financial institutions address Trade-Based Money Laundering (TBML) and compliance challenges. This accolade further cements AKS iQ’s standing as a leader in the trade compliance sector.

Founded in 2019, AKS iQ has rapidly grown into a key player in the financial technology landscape, offering cutting-edge solutions for real-time trade risk management. With Trade iQ, AKS iQ has empowered 14 major banks in Pakistan, including 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 providing them with innovative tools to combat TBML risks. The software’s ability to handle complex regulatory frameworks has positioned it as the go-to solution for financial institutions looking to automate and streamline their trade processes.

The PASHA ICT Awards, organized by the Pakistan Software Houses Association (PASHA), is one of the most prestigious technology events in Pakistan, honoring the country’s top IT and software companies. This year’s awards received an impressive 1,198 nominations, showcasing the exceptional talent and innovation present in Pakistan’s technology ecosystem. Out of these, 33 companies were honored in the gold category, and 47 others received merit-based awards. A panel of 15 esteemed industry experts evaluated the entries, carefully selecting winners in categories like Consumer Services, Business Services, and FinTech Innovation.

Building on its success in Pakistan, where it dominates over 80% of the trade compliance market, AKS iQ is now set to expand globally. “We are immensely proud of Trade iQ’s recognition at the HBL P@SHA ICT Awards 2024. This achievement is a testament to our commitment to revolutionizing trade compliance using cutting-edge AI technology. As we expand our footprint beyond Pakistan, we are excited to bring our proven TBML solution to global financial institutions, addressing complex compliance challenges and safeguarding trade integrity in new markets.” – Dr. Asim Imdad Wagan, Ph.D in Artificial Intelligence & CIO of AKS iQ.

With its award-winning technology and proven track record, Trade iQ is poised to become the leading choice for financial institutions globally. For more information about Trade iQ and its award-winning features, visit https://bit.ly/trade-iq

If you’re a financial institution looking to enhance your trade compliance efforts and mitigate TBML risks, schedule a demo today to learn how Trade iQ can help your organization.

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