iCo-op.net provides Governance, Risk Management and Compliance (GRC) solutions to help clients to comply with the regulatory requirements of Basel II, SOX and Anti-Money Laundering Acts. iCo-op.net customers include international banks, financial institutions, governments and large enterprises. iCo-op solutions include Anti-money laundering System (AMLS), Basel II & Risk Management (RM) Fraud Detection/ Management Solutions.

In order to increase its competitiveness in the market place, iCo-op joined the Overseas Development Program with IBM Singapore. At the same time, they also made a decision to port one of their key applications to IBM Websphere Application server. iCo-op's anti-Money Laundering System (AMLS) provides banks with a solution to comply with the strict regulations of governments to combat money laundering activities. To date, iCo-op.net has already filed six patents to protect its intellectual properties.

With iCo-op coming onboard IBM's ODP (Overseas Development Programme) bandwagon, the benefits have been multi-folds. IBM holds quarterly events for eco-link opportunities for its ODP partners around the region. The appropriate IBM regional offices were introduced and meetings facilitated for iCo-op to establish the necessary contacts for a successful go-to-market strategy. This credit is best demonstrated that within a short 6months, iCo-op's regional reach extend to not only ASEAN but also beyond to countries such as Korea, Japan and Shanghai, China.

iCo-op also has offices in Singapore and Indonesia and now has established a presence in Vietnam as well, thanks to the collaboration with IBM and its partners network. With iCo-op's compelling applications of what it can offer to the financial institutions and coupled with IBM's end to end strong value propositions, iCo-op indeed has a very promising growth future in the region, starting most apparently in the country of Vietnam where Dr Jerry Ng, CEO of iCo-op.net, shuttles very frequently to. A strong healthy stream of opportunities is also in the pipeline for iCo-op to reap in the near future. To date, iCo-op.net has established itself to be a very recognised valued business partner of IBM.

"Being an ODP partner with IBM has since catapulted our reach to countries beyond Singapore in a far shorter time than we could have ever done it on our own without IBM as a valued partner", remarked Dr Jerry Ng.

IBM has been part of the IDA ODP since May 2004 and has helped numerous Singapore companies develop their capabilities and successfully penetrate the overseas market in the Asia Pacific region", said Ms May Wong, ODP manager, IBM Singapore.

"The collaboration with IDA on ODP will enable Singapore to achieve on-demand capabilities, which in the long-run, will ensure greater competitiveness in the ICT arena," she said.