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

Relocating for Work: How You Can Save More Money on Your Moving Expenses

29/07/2021Relocating for Work: How You Can Save More Money on Your Moving Expenses

Relocating from one location to another for work is challenging. It’s even harder when you are moving with a family in tow. Moving expenses also add up and can be pretty significant depending on where you’re going, the distance, and what you’re taking wi

Banking on DevOps

08/05/2018Banking on DevOps

Andy Cureton, Founder and Managing Director, ECS Digital, looks at how, in a competitive environment, banks and other organisations can use the latest IT and business methodologies to modernise their IT systems to meet customer expectations and comply with reg

Applied Software Acquires Tekni

22/02/2016Applied Software Acquires Tekni

Applied Software®, a systems integrator to the AEC, Construction and Manufacturing industries, announced today the acquisition of Tekni, a reseller of Autodesk software for the manufacturing marketplace headquartered in Chesterfield, Missouri.

Private Sector Investment in Islamic Countries

07/06/2017Private Sector Investment in Islamic Countries

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and a subsidiary of the Islamic Development Bank (IDB) Group. Established in 1999, ICD currently has an authorised capital of $4 billion

Is There a Right Time to Invest for Growth?

02/09/2024Is There a Right Time to Invest for Growth?

Is There a Right Time to Invest for Growth? Investing for growth is a long-standing strategy aimed at maximizing the potential for capital appreciation over time. Whether you’re a seasoned investor or just starting, a common question often arises: is the

Law Firms and Cyber Security: The 4 Most Common Cyber Threats

28/09/2020Law Firms and Cyber Security: The 4 Most Common Cyber Threats

Data breaches are becoming more prevalent and the legal sector is a favoured target and is falling victim to cyber-attacks at an alarming rate. Guy Lloyd at CySure explains the 4 most common cyber threats and why the legal sector should step up its focus on cy

The Dos And Don’ts Of Sending Money To Canada

12/08/2022The Dos And Don’ts Of Sending Money To Canada

Digitization has led to the development of smart ways of executing operations. Different industries benefit from digitization, and one of them is banking. Previously, you had to visit your bank physically to access your money. Today, you have a more convenient

Microsoft Acquisition of LinkedIn Controversy

13/12/2016Microsoft Acquisition of LinkedIn Controversy

Businesses like to diversify. This shows a strong commitment to customers, risk taking and innovation – a recipe for success.

The Rise of Skills-Based Hiring Over Traditional Credentials

30/03/2026The Rise of Skills-Based Hiring Over Traditional Credentials

There was a time, not too long ago, when a college degree was the ultimate golden ticket. It was the gatekeeper. If you didn’t have those specific letters behind your name or a parchment from a specific institution, your application usually ended up in t

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