Vilnius, London - 5 March 2010 - Fraud and money laundering issues have always been a massive challenge, undermining fundamental cornerstones of the financial sector. Due to recent challenges in financial markets, fraud and money laundering issues have exploded into an even greater problem.

With that in mind, Synergy Consulting, the Baltics-based provider of professional services for information security and IT service management, has signed a partnership agreement with 3i Infotech, a global Information Technology company. 3i Infotech provides technology solutions to over 1500 customers in more than 50 countries across five continents, spanning a range of verticals including Insurance and Banking. 

By partnering with 3i Infotech, Synergy Consulting can now offer to its clients efficient, state of the art anti money laundering and financial crime detection and management solutions, which offer the best ROI in the market and are specifically tailored to meet the needs of banking, insurance and other financial institutions. 

“Financial fraud is as old as the industry itself, and it continues to be a significant expense, both in terms of monetary loss and reputational risk, for many financial institutions,” said Philip Black, Business Development Director, 3i Infotech - Western Europe. “I’m confident that the combination of Synergy Consulting’s experience in information security management and 3i Infotech’s innovative approach will provide customers in the Baltic region with comprehensive, state-of-the-art anti money laundering and financial crime detection and management solutions”. 

About 3i Infotech

3i Infotech is one of India’s leading IT companies and among the top 3 Indian Software Products Companies.* The Company provides software products, IT services and BPO services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing and IT Consulting) for the Insurance, Banking, Capital Markets, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.

The Company's quality certifications include SEI CMMi Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services.

www.3i-infotech.com 

* Source: Dataquest, August 2009