Pio-Tech, Banking Digital Transformation Leader, and Refinitiv, One of the World’s Largest Financial Markets Data and Infrastructure Providers, agree partnership in the MENA region

Partnership integrates AML with trusted risk data to combat financial crime

Amman, November 2021.  Pio-Tech and Refinitiv are partnering to provide banking clients of both companies in the MENA region with more sophisticated contemporary solutions that provide many distinct business values. The partnership focuses on maximizing the level of efficiency and productivity of the various Anti-Money Laundering (AML) internal operations across all banking functions.

This partnership integrates Refinitiv’s World-Check Risk Intelligence data and Pio-Tech’s Anti Money Laundering (AML) solution to support online and offline working practices. This integration will help banks and financial institutions combat money laundering and financial crimes and enable customers to comply with the changing regulations more efficiently.

The online integration between Refinitiv’s World-Check Risk Intelligence data and Pio-Tech’s Anti Money Laundering (AML) solution benefits the financial institutions as they conduct ongoing screening for pre-existing clients and online screening on all activities, including through payment channels and on-boarding processes. In addition to the existing benefit of integration that will empower the AML solution to meet due diligence obligations, it also helps clients to identify potential sources of financial crime risk using information from reputable public domain sources.

The solution helps banks and financial institutions make more informed decisions, support money laundering, and illegal gambling compliance processes, and implement know-you-customer (KYC) principles.

Refinitiv World Check Partnership

About Pio-Tech
Pio-Tech is the leader of Digital Transformation and Business Acceleration in Banking Industry across the Middle East and African Continent. Combining years of extensive banking experience, since 2003, with solid knowledge of related modern technologies. The strong entrepreneurial spirit of Pio-Tech is always keen to bring real observable differences to local and global financial markets through crucial business values that ensure better, faster, and smarter banks.

Pio-Tech’s sophisticated solutions provide a crystal-clear vision around potential opportunities and possible threats, which enhances the decision-making process that leads to assets safeguarding, business prosperity and, sustainable growth. Pio-Tech platforms and business suites, Bank-BI®, Bank-BPM®, and Bank-CEP® are available as on-prem and SaaS instances on the cloud which could be deployed either fully on cloud or hybrid cloud.

To learn more, please visit www.pio-tech.com. 

About Refinitiv
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With over 40,000 customers and 400,000 end-users across 190 countries, Refinitiv is powering participants across the global financial marketplace. Refinitive provide information, insights, and technology that enable customers to execute critical investing, trading, and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, they connect people with choice and opportunity – driving performance, innovation, and growth for their customers and partners.

For more information visit: www.refinitiv.com.