August 2019 – Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa, represented by Inspire Solutions Co. Ltd. the authorized reseller partner for Pio-Tech in Iraq, signed an agreement with Asia Hawala Co. to implement Bank-BI® AML (Anti-Money-Laundry Solution).
Bank-BI® AML (Anti-Money-Laundry Solution) will provide the bank with a holistic view of the bank’s compliance process; through monitoring customers and transactions using pre-defined scenarios, and scanning historical data, transactions, and watch-lists. Hence, identifying money laundering activities, and maintain compliant with regulatory requirements. Besides, helping compliance officers adapt to the changing regulations efficiently.
About Pio-Tech, 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. In addition to its long history of serving the banking industry, was approached by a number of representatives from local and regional banks at the conference that reflected on their interest in such mission-critical technological advancements.
About Asia Hawala Co. for financial none banking services. is an Iraqi registered company (registration number 2660 dated 11/5/2014) licensed by the Central Bank of Iraq to provide mobile-based financial service including transactions electronically anytime, anywhere, based on the Mobile Money concept.
About Inspire Solutions Co. Ltd. is an Iraqi ICT company that provides a universal set of Professional Services, Business Compliance Platform and Distinctive Technical Information, Communications System Solutions, Consultation Services of Organization Structure and Strategic Planning, Procedures, Polices, and Processes.