Feb 2019-Amman. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa announces the successful completion of Bank-BI® AML project, which went live recently at AlBaraka Bank – Sudan.
By launching the Pio-Tech Bank-BI® AML (Anti-Money-Laundering Compliance Solution) the bank will be able to analyze, predict and track risks of any suspicious money-laundering transaction according to international rules and regulations. In addition, the system will automate a lot of the compliance team manual activities, enabling efficient due diligence process and better decision making. The solution will ensure that the bank is fully compliant with international AML compliance requirements.
The Compliance Officer at AlBaraka Bank, Mr. Yasser Al-Rih Nemer, said that ” the AML system is one of the most important tools of the second line of defense in the prevention of money laundering and terrorist financing risks. It can also meet its obligations to the global and local regulatory environment, and commitment to the Bank”
About AlBaraka Bank Sudan
Occupied a leading position in the field of improving Islamic financial and banking services in Sudan, by constantly enhancing the service standards, besides being the pioneer in the area of electronic banking services and business re-engineering. Al Baraka Bank Sudan is the first bank to introduce electronic signatures, magnetic Cheques, connected its branches together by a network. Moreover, Al Baraka Bank Sudan was the first bank to introduce the Universal Teller concept in Sudan to establish a centralized operation processing Dept as a result of a complete business re-engineering.
Pio-Tech is a system integrator and business solutions’ provider that has become, since conception in 2003, an innovation hub that advocates digitization and futurism across the Middle East and Africa regions.