Abu Dhabi, x,
United Arab Emirates
Aseel Islamic Finance Technographics
Aseel Islamic Finance Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Aseel Islamic Finance and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 150 Aseel Islamic Finance employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Aseel Islamic Finance has purchased the following applications: SymphonyAI Sensa NetReveal for AML, Fraud and Compliance in 2014, Lumen Black Lotus Labs for Web Application Firewalls (WAF), DDoS Protection in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Aseel Islamic Finance is running and its propensity to invest more and deepen its relationship with SymphonyAI , Lumen Technologies or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Aseel Islamic Finance revenues, which have grown to $30.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Aseel Islamic Finance intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Aseel Islamic Finance Tech Stack and Enterprise Applications
Aseel Islamic Finance TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SymphonyAI | Legacy | SymphonyAI Sensa NetReveal | AML, Fraud and Compliance | TRM | n/a | 2014 | 2015 |
In 2014 Aseel Islamic Finance deployed SymphonyAI Sensa NetReveal for AML, Fraud and Compliance to centralize applicant due diligence and rule-based transaction screening within its credit and compliance operations. The implementation targeted front-line credit underwriting, compliance review, and field verification workflows, embedding Sensa NetReveal into the bank review lifecycle used to validate constitutional documents, analyze bank statements for suspicious or non business transactions, and prepare final credit assessment memos.
Configuration focused on case management and KYC orchestration capabilities of SymphonyAI Sensa NetReveal, with rule sets tuned to capture document completeness, compute actual business credit turnover excluding inward and outward cheque returns, and surface anomalies for analyst review. The system was configured to support analyst activities described in operational notes such as granular transaction analysis, automated flags for suspicious items, contact point verification orchestration, and generation of a consolidated CAM post field visit.
The deployment integrated with the bank s customer acquisition and ledger systems to preserve application and account context, specifically FinnOne CAS and Globus System, and it consumed internal and external screening sources used by the institution including CBRB, CRS, BBL, NORKOM, Customer Connect, and the Internal Defaulter list. Operational coverage was across Aseel Islamic Finance s credit, compliance, and field verification teams in the United Arab Emirates, with the platform coordinating handoffs to the field visit agency and logging CPV outcomes and credit interview notes for auditability.
Governance changes formalized workflows for applicant review, CPV calls, field visit coordination, and final CAM approval to ensure alignment with the Credit Policy and to create a single authoritative audit trail in SymphonyAI Sensa NetReveal. Analysts used the system to identify anomalies and recommend procedural or product parameter modifications, while the platform provided structured case records to support compliance reviews and decisioning by credit officers.
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Aseel Islamic Finance CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Lumen Technologies | Legacy | Lumen Black Lotus Labs | Web Application Firewalls (WAF), DDoS Protection | CyberSecurity | n/a | 2021 | 2021 |
In 2021 Aseel Islamic Finance deployed Lumen Black Lotus Labs to protect its public website. The deployment is categorized under Web Application Firewalls (WAF),DDoS Protection and is focused on securing customer-facing web channels and online account access on aseelfinanceincorp.com.
The implementation of Lumen Black Lotus Labs includes standard WAF rule sets and distributed denial of service mitigation capabilities, providing inline traffic inspection and automated threat intelligence driven policy updates. Configuration centered on web application protection, bot mitigation, and layer 7 attack detection, with rule tuning to balance protection and legitimate customer traffic.
Operationally the solution is applied at the network edge to filter and scrub inbound traffic to the corporate web estate, protecting web servers and public APIs associated with digital banking services. The deployment scope covers the company website and related customer portals, with primary operational ownership remaining in IT and information security teams.
Governance includes centralized policy management and a change control process for WAF rule adjustments and incident handling, aligning security operations with existing IT workflows. Lumen Black Lotus Labs is explicitly used by Aseel Islamic Finance to provide Web Application Firewalls (WAF),DDoS Protection for its digital channels, supporting web security and operational continuity for customer-facing online functions.
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IT Decision Makers and Key Stakeholders at Aseel Islamic Finance
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
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Head of Corporate Finance | Director | Finance | |
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Senior Officer MIS & Data Analytics (Aseel Portfolio & Collections) | Director | IT | |
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Apps Being Evaluated by Aseel Islamic Finance Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||