JMR Infotech, a global provider of banking technology and digital transformation solutions, today announced the successful go-live of Ethiopia-based Abay Bank’s upgraded Oracle Financial Services Analytical Applications (OFSAA) Financial Crime and Compliance Management platform, integrated with Oracle FLEXCUBE Core Banking.
The upgrade from OFSAA 8.0.8 to 8.1.2.10 embeds customer screening, Know Your Customer (KYC) checks and transaction filtering into core banking workflows. This enables customer screening before onboarding and strengthens due diligence at the start of the customer relationship, supporting more effective financial crime compliance operations.
“Financial crime compliance has to keep pace with the scale and speed of our business,” said Elias Berhanu, Chief Information Officer, Abay Bank. “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.”
