Abay Bank goes live with JMR Infotech financial crime platform

Ethiopia's Abay Bank has gone live with an upgraded financial crime and compliance management platform from JMR Infotech, the technology supplier has announced. The deployment rests on Oracle Financial Services Analytical Applications, known as OFSAA, and is intended to sharpen the lender's ability to detect and report suspicious activity.

JMR Infotech describes itself as a global provider of banking technology and digital transformation solutions. Under the project, its compliance tooling has been connected to Oracle FLEXCUBE, the core banking system the lender runs, so that monitoring and reporting can draw directly on account and customer records rather than rely on separate, disconnected systems.

Banks across Africa face mounting pressure from supervisors and correspondent banking partners to show credible anti-money-laundering controls. Regulators have been steadily raising expectations around transaction surveillance, watchlist screening and the quality of regulatory reporting, prompting many lenders to buy packaged analytics software instead of building such tools in-house.

For JMR Infotech, the Abay Bank rollout adds a reference customer in a region where international vendors and local specialists are competing to modernise compliance infrastructure at lenders still running legacy systems. The supplier described the go-live as successful. Such projects remain a priority for lenders seeking to satisfy supervisors without disrupting day-to-day operations.