Abay Bank, an Ethiopian lender serving more than 5.5m customers, has gone live with an upgraded financial crime and compliance platform delivered by JMR Infotech, a global banking technology and digital transformation specialist.
According to Finextra, the upgrade places customer screening and transaction controls directly inside the bank’s day-to-day processing.
The project moved the bank’s Oracle Financial Services Analytical Applications (OFSAA) Financial Crime and Compliance Management system from version 8.0.8 to 8.1.2.10, and connected it to Oracle FLEXCUBE Core Banking.
Know Your Customer (KYC) checks, customer screening and transaction filtering now run within core banking workflows. As a result, Abay Bank can vet prospective clients before they are onboarded, which tightens due diligence from the very first point of contact.
The deployment spans a broad set of OFSAA capabilities, covering anti-money laundering, KYC, customer screening, transaction filtering and case management. Together, these tools underpin due diligence, transaction controls, data quality and compliance analytics throughout the organisation.
Scale was a central consideration. Abay Bank operates over 1,000 branches and handles upwards of 200,000 transactions each day, so its compliance systems must perform dependably under heavy volumes. The new platform helps compliance staff work through alerts and manage investigations without interrupting essential processes.
During the migration, JMR Infotech transferred the bank’s business and transactional records, alerts, KYC assessments and open compliance cases onto the new system, keeping investigation histories intact. The firm also improved batch automation and data extraction, raising processing efficiency in support of the bank’s anti-money laundering work.
JMR Infotech provides banking technology and digital transformation services to institutions worldwide. The firm said the engagement highlights its financial crime compliance expertise and its capacity to carry out complex platform upgrades while keeping client operations running. It will continue supporting Abay Bank after go-live.
Abay Bank chief information officer Elias Berhanu said, “Financial crime compliance has to keep pace with the scale and speed of our business. The upgraded platform and its integration with FLEXCUBE strengthen our ability to screen customers before onboarding and apply transaction controls across our network. JMR Infotech demonstrated a clear focus on continuity throughout the upgrade, enabling our compliance teams to continue their work without disruption.”
JMR Infotech president and head of enterprise risk and analytics Suresha Iyer, CAMS, said, “Banks today need compliance platforms that screen customers and transactions in real time, without putting day-to-day operations at risk. Our team brought Abay Bank to OFSAA 8.1.2.10 and embedded screening directly into its core banking workflows. We are proud to support Abay Bank with a stronger foundation for financial crime compliance and continue to work with the bank following go-live.”
Copyright © 2026 RegTech Analyst
Copyright © 2026 RegTech Analyst
