Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

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

Posted 5th November 2019

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

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

Scroll to keep reading

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

Zanzibar

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

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”

Categories: Leadership, M&A

You Might Also Like

A Highly Acclaimed Medico-Legal Expert

26/06/2017A Highly Acclaimed Medico-Legal Expert

Professor J Peter A Lodge, winner of the Most Highly Regarded Expert Witnesses 2017 from the UK, is a consultant surgeon based at Leeds Teaching Hospitals NHS Trust, West Yorkshire. He also has a busy, thriving private practice at Spire Leeds Hospital where he

Is There a Boxing Day Effect for Cryptocurrency?

16/01/2026Is There a Boxing Day Effect for Cryptocurrency?

Financial markets often reveal seasonal trends around the holidays, and Boxing Day (the day after Christmas) is no exception. In traditional markets, this time of year can bring noticeable shifts in investor activity, with some traders referring to a “Boxing

Is York Becoming the Marketing Hub of Yorkshire?

01/11/2024Is York Becoming the Marketing Hub of Yorkshire?

York is emerging as a prime location for marketing agencies in Yorkshire, as revealed by research from Nomada Digital, a York SEO agency. The analysis of Google search data and Companies House records shows a significant increase in demand for local marketing

Steps You Can Take to Prevent and Mitigate Cybercrime in Your Company

21/10/2022Steps You Can Take to Prevent and Mitigate Cybercrime in Your Company

In 2022, the war on cybercrime is continuing as criminals get savvier and continue to seek new ways to exploit businesses and the public online. Back in 2016, we noted here at Acquisition International that cybercrime was a looming threat. It's therefore no su

Why do so many people invest in FAANG stocks?

21/07/2021Why do so many people invest in FAANG stocks?

There really is no secret as to why these shares are popular. As society becomes ever more tech-centric, it is hard to see their success ending anytime soon.

A Goliath in Management Consultancy

13/01/2023A Goliath in Management Consultancy

Advisory Group AG offers a wide range of strategic change advisory services from strategy design to successful implementation and transformation. Following the firm’s recognition in the 2022 AI Leading Advisor Awards as the ‘Leading Boutique Management Con

10 Key Skills for the Modern Finance Professional

10/06/202410 Key Skills for the Modern Finance Professional

In the rapidly evolving finance sector, professionals face a landscape marked by fast-paced technological changes, complex regulatory environments, and global interconnectedness. To navigate this dynamic arena successfully, finance professionals must cultivate

Closure of Polaris Private Equity IV at €300m

12/03/2015Closure of Polaris Private Equity IV at €300m

Polaris Private Equity (“Polaris”), the leading Danish/Swedish lower mid-market private equity investor, is pleased to announce that it has successfully completed a first closing of its fourth private equity fund – Polaris Private Equity IV – at DKK 2.

5 Ways Beginners Can Prepare Themselves for Forex Trading

26/05/20225 Ways Beginners Can Prepare Themselves for Forex Trading

It’s a common misconception to assume that the Forex market is complicated. In reality, Forex trading is relatively straightforward, and traders mainly rely on instinct combined with sound financial management. However, before beginners dive into Forex trade

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS