Themis expands to Saudi Arabia

Themis, a leading financial crime technology company, is proud to announce the launch of its state-of-the-art financial crime risk management cloud service, hosted in Saudi Arabia.

This strategic initiative reinforces the company’s commitment to delivering cutting-edge financial crime prevention solutions to cater to Saudi Arabia’s rapidly evolving financial and regulatory landscape.

The new Themis service, situated in Jeddah, is purpose-built to meet the unique demands of the region and ensure it meets the regulatory requirements around data sovereignty, making sure that all its customers’ data remain held and processed within the region. Equipped with advanced technology, robust security measures, and compliance features, the service is poised to become a cornerstone for organizations seeking top-tier financial crime prevention infrastructure.

Themis technology is built in such a way that data can be hosted anywhere in the world, thereby adhering to any jurisdictional regulatory requirements – further services will be announced in Q1.

Key features include:
• Advanced AI-based Financial Crime Prevention Technology: offering clients state-of-the-art tools to safeguard their operations.
• Stringent Security Protocols: Security is paramount in all industries, and the service employs cutting-edge security measures, including continuous surveillance, and robust security systems to ensure the integrity of data.
• Compliance-Driven Infrastructure: Themis is dedicated to upholding the highest standards of compliance. The service is designed to meet and exceed industry regulations, protecting institutions from any risk of compliance breaches.
• High-Speed, Low-Latency Connectivity: The service’s strategic location ensures seamless, high-speed, and low-latency connectivity, enabling firms to access critical data and applications with unparalleled efficiency.
“We are thrilled to be expanding our Financial Crime platform to Saudi Arabia,” said Dickon Johnstone, CEO at Themis. “This initiative reflects our unwavering commitment to providing the region with the most advanced tools and infrastructure to combat financial crime effectively in line with the Kingdom’s Vision 2030.”

The launch of the data centre in Saudi Arabia is a pivotal step in Themis’s mission to empower businesses globally with innovative solutions that enhance their ability to detect, prevent, and ultimately reduce the global impacts of financial crime.

“It is great to see our strategy of build once, deploy anywhere, coming to life in this way, said Themis CTO Matthew Deacon”. “This is our latest deployment of Themis Search having instances already running in the UK, and the UAE. We can literally stand up new instances of the service anywhere our customers are, even within their own data centres. This allows us to overcome even the most stringent regulation that form barriers to other suppliers in the market”.

There is a strong drive to tackle financial crime within Saudi Arabia. The country has made anti-financial crime efforts and innovation a key part of progress towards its Vision 2030 to diversify the economy, foster entrepreneurship, and grow its already robust financial sector. The digital transformation taking place in the country also brings new opportunities for coordination across the public and private sectors to fight financial crime effectively and creatively, with Themis uniquely positioned to provide the tools necessary to do so.