By implementing Bank-BI® AML from Pio-Tech, in the NBY, the bank will be able to track and analyze all types of financial operations easily. AML solution is build upon pre-defined scenarios, detection alerts, and monitors illegal financial activities detected to conduct the necessary and effective investigations. Thereby enhancing, improving and accelerating Anti-Money Laundering processes.
Dr. Mohammed Hussein Halboob, Chairman of the Board of Directors of NBY, expressed his pleasure with the agreement, saying that “the implementation of Bank-BI® AML (Anti-Money Laundering) Solution will enhance NBY’s ability to confront and reduce the risk of money laundering, in addition to gaining the ability to classify customers, which will contribute to accelerating and maximizing the efficiency of the anti-money laundering operations. In addition to increasing customer confidence in the safe banking environment provided by NBY to its customers from all sectors,”.
Mr Tariq Al-Safarini, CEO of Pio-Tech, stated: “We are working in dedication to meet the needs of our clients and provide the best solutions and modern systems in the banking sector. Our systems contribute to providing the requirements and interests of NBY customers. We are proud to apply the NBY’s Anti-Money laundering Solution, which reduces the risk of money laundering and any suspicious transactions.”