Machhapuchchhre Bank Limited (MBL), one of Nepal’s foremost commercial lenders, has picked ZIGRAM’s Complete AML System in a bid to bolster its defences against money laundering and wider financial crime.
The Complete AML System brings together a suite of applications spanning sanctions screening, customer risk management, transaction monitoring and fraud risk management, giving the bank a single, unified means of tackling financial crime.
MBL’s decision rested on ZIGRAM’s capacity to supply a scalable, microservices-based platform built for the digital-first demands of today’s financial institutions. Rather than concentrating narrowly on compliance workflows as many traditional tools do, the platform provides a full Financial Crime Risk Management (FRAML) ecosystem, allowing banks to reinforce regulatory compliance and fraud prevention within one framework.
A decisive factor in the evaluation was ZIGRAM’s localised intelligence. Beyond global AML and risk datasets, the vendor offers native data assets and watchlists with extensive Nepal-specific Politically Exposed Person (PEP) coverage. The system has been configured to align with Nepal Rastra Bank (NRB) rules and the reporting demands of the Financial Information Unit (FIU-Nepal), including goAML standards, helping MBL keep pace with its compliance obligations.
Delivery of the project follows a structured approach blending global technology know-how with local market understanding, with ZIGRAM working closely alongside Nepali partners to adapt international best practice to the country’s regulatory and operational realities. The company also thanked MBL’s chief of information technology Hem Shreshtha and chief compliance officer Bhuvan Singh Khatri for their roles in the evaluation and implementation.
ZIGRAM CEO Abhishek Bali said, “We are honoured to have been selected by Machhapuchchhre Bank through a rigorous evaluation process. Our focus throughout the engagement was to understand MBL’s strategic requirements and deliver a future-ready platform that combines world-class AML and fraud risk management capabilities with localized intelligence and regulatory alignment.
“By combining scalable microservices architecture, native data assets, deep Nepal-specific risk intelligence, and strong local implementation support, we are enabling MBL to strengthen compliance, combat financial crime more effectively, and build greater digital trust across its operations. We remain committed to helping financial institutions address evolving financial crime risks through innovative, market-relevant technology.”
Stay ahead of the market with strategic intelligence and early insight trusted by industry leaders. Subscribe to the RegTech Analyst newsletter today.
Copyright © 2026 RegTech Analyst
Copyright © 2018 RegTech Analyst
