People’s Bank of Zanzibar successfully deploys Bank-BI® AML from Pio-Tech

Posted on November 5, 2019 · 1 min read

People’s Bank of Zanzibar successfully deploys Bank-BI® AML from Pio-Tech - Featured Image | MEA Markets
Share this article

Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and East Africa announced the successful completion of Bank-BI® AML project, which went live recently at People’s Bank of Zanzibar.

Launching Pio-Tech Bank-BI® AML (Anti-Money-Laundering Compliance Solution) at PBZ bank has provided them 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.

The Acting Managing Director at The People’s Bank of Zanzibar, Mrs. Khadija S Mzee, said “The solution has automated a lot of compliance team manual activities, enabled efficient due diligence process, and better decision-making. Additionally, the bank benefited from this solution in building its relationship with customers following the standards and controls recognized globally”

You might also like

Looking for more? Gain deeper insights with these recommended articles, selected to provide further value.

April 16, 2021 Designer Studio Recognized For Luxury Interior Design

In recent years the Qatar skyline has undertaken a transformation with ground-breaking projects taking their place alongside traditional architecture. From the modern landmarks such as The Torch Doha to the traditional styled Qatar National Librar...

February 25, 2022 Speeding Up the Car Rental Industry With a Customer-centric Marketplace: OneClickDrive

OneClickDrive is the UAE’s biggest car rental marketplace with more than 1300 verified listings. You can find every type or brand of car for hire in Dubai through the OneClickDrive website and mobile apps. We caught up with one of the founders - V...

May 10, 2022 Sharjah Tourism Highlights Progress in Major Tourism Projects and Future Plans for a Sustainable Tourism Industry

The Sharjah Commerce and Tourism Development Authority (SCTDA) has unveiled the latest developments taking place in the Emirate of Sharjah’s tourism projects and future plans at a press conference it held on day two of Arab Travel Market (ATM) 202...

Join our newsletter.

Gain Access To Exclusive Content

Stay Updated With The Latest News

It's Free To Subscribe

By signing up, you agree to receive marketing emails.

Join our newsletter box - side image
Trusted by the best teams around the world