United Bank Limited (UBL) is one of Pakistan’s largest private banks with a global strategic outlook and a strong track record of growth, particularly over the last five years. They have acquired the services of IBM GBS for implementation of an Anti-Money Laundering solution – Mantas One. Mantas is widely accepted as one of the best AML solutions in the market. This deal comes in line with the Banking Act which includes new provisions to combat financial crimes.
The solution from IBM will help UBL meet stringent compliance standards, and effectively replace the existing applications and manual processes..
IBM GBS is the first implementation partner for this solution in Pakistan. IBM GBS already has a successful implementation of Mantas to its name in local market.