InfrasoftTech’s OMNIEnterprise Compliance and Financial Crime Surveillance Solution goes live at CRDB Bank PLC, Tanzania
October 16, 2012 Mumbai : CRDB, one of the largest commercial banks in Tanzania has gone live on InfrasoftTech’s OMNIEnterpriseTM Compliance & Financial Crime Surveillance Solution. CRDB selected InfrasoftTech from short list of international vendors after detailed evaluation process and customer site visits. The solution was deployed at CRDB in a record time of three months considering that cross channel fraud monitoring capabilities were deployed.
InfrasoftTech is a leader in Anti Money Laundering solution with over 100 financial institution customers worldwide InfrasoftTech’s AML solution has gained tremendous success in Latin America, UK, Middle East, Africa, South East Asia and India. The company today has a sizeable presence in Ethiopia & Kenya and has recently gained customer relationships in Zimbabwe, South Africa, Ghana and Nigeria and has now made in-roads in Tanzania with CRDB as their first client.
Mr. Hanuman Tripathi, Group Managing Director, InfrasoftTech, said, “We are very proud to be associated with CRDB which is the largest bank in Tanzania. We are committed to providing technology that not only helps to undertake AML Compliance as per regulatory directives, but also helps to proactively reduce bank’s overall risk on financial crimes being committed using electronic banking channels. With our solution CRDB can use SWIFT Online scanning, integration with MPesa and Airtel for Mobile Banking, tracking of remittances being done on bank’s card system.
“We are glad to have selected Compliance & Fraud Monitoring Solution from InfrasoftTech” said Dr. Charles Kimei, Managing Director, CRDB. He further stated “Our initial apprehension of managing the twin domains of AML & Fraud quickly disappeared as soon as the project was put into motion. A well-executed project plan, high integration capability with transaction systems and user friendly configuration & analysis allowed us to go to production on time. This is one more step in CRDB’s commitment towards meeting highest governance standards. It provides a safety net to our customers and protects bank’s reputation”.
OMNIEnterpriseTM-Compliance & Financial Crime Surveillance Solution, is an enhanced version of the company’s hugely successful AML solution that has enabled technology for close to 100 financial institutions across the world to manage their money laundering prevention programs. Single click case creation, graphical representations of alerts and cases, alerts allocations, frauds scenarios (Internet Banking, SWIFT Rules, Remittances) along with basic AML scenarios, integration with card system are some of the enhanced features of this solution.
InfrasoftTech is a specialist software products, solutions and services provider for global Banking & Financial Services industry having a successful track record of over 17 years now. The company has established customer relationships with Banks & FIs in international markets largely focused in UK, Africa, Middle East, India and South Asia. InfrasoftTech is serving more than 200 banks globally by delivering cutting edge technology for enhancing productivity, customer reach and profitability.
CRDB Bank Plc is the largest, wholly-owned private commercial bank in Tanzania. The Bank was established in 1996 and has grown and prospered over the years to become the most innovative, first choice, and trusted bank in the country.
CRDB Bank offers a comprehensive range of Corporate, Retail, Business, Treasury, Premier, and wholesale microfinance services through a network of 92 branches, mobile branches and service centers, more than 400 partner microfinance institutions, Normal and Depository ATMs, Point of Sales (POS) terminals. The Bank also operates through internet and Mobile banking services.
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