CAC International Bank Selects InfrasoftTech’s Univius AML to future-proof its Risk & Compliance Management
The solution will enable the bank to create a rigorous & streamlined AML compliance management program.
Mumbai, 8 July 2021: InfrasoftTech, the leading global fintech solutions provider, announced that their proprietary Univius Anti-Money Laundering (AML) solution has gone live for CAC International Bank, Djibouti, Africa.
The artificial intelligence (AI)-powered platform will empower CAC International Bank to vertically integrate modules, determine Key Risk Indicators (KRIs), meet evolving regulations, and devise proactive policies & procedures to mitigate risk.
CAC International Bank is one of the fastest-growing banks catering to a variety of customers and businesses. The pioneering institution is the third leading financial service provider in Djibouti and has been one of the first organisations to introduce digital banking services for its clients in the region.
Speaking about the feat, Manumohan Mohandass, Compliance Officer & MLRO, CAC International Bank, said, “InfrasoftTech’s AML solution helped us modernise our systems to combat the evolving money laundering/Terrorist Financing threats and stay at pace with changing regulations. The rapid implementation of the solution automated transaction monitoring and helped us adopt a proactive risk-based approach. Moreover, the solution’s quick and easy integration with our core systems helped us continue business without interruptions while it was being set up. All in all, it was a great experience, and we look forward to continuing working with InfrasoftTech.”
With the implementation of the solution, CAC International Bank will now be able to monitor & flag sophisticated malicious activities and conduct enhanced customer due diligence to reduce the overall risk associated with digital and traditional banking activities in real-time. Univius AML with its advanced predictive analytics and streamlined compliance management will allow CAC International Bank to meet its regulatory obligations and optimise business performance.
Speaking about the announcement, Mr Amit Sharma, Global Head – Products, InfrasoftTech, said, “We are delighted to have CAC International Bank onboard and are committed to helping them build an effective compliance program that helps them proactively manage potential risks cost-effectively. With this, we continue to build on our vision of providing the financial service industry in the African region with scalable, innovative & robust compliance management solutions that enable them to stay at pace with the changing global financial regulatory landscape.”
Recently, Univius AML ranked #1 globally in the compliance management category in IBS Intelligence’s Annual Sales League Table 2021. This was the second consecutive year that Univius AML was ranked #1 in the global best-selling compliance management solution category. The product’s continuous innovation & stellar performance over the years also helped InfrasoftTech feature in the newly constituted IBSI SLT Leaderboard for the risk & compliance category.
Infrasoft Technologies is a CMMI Level 5 v2.0 company and one of the fastest-growing digital solutions providers serving banks and financial institutions globally. InfrasoftTech’s deep domain expertise in FinTech and RegTech solutions along with market-ready processes empowers financial institutions to be equipped with future-proof strategies to serve a growing digital-first community. With a strong workforce, reliable partner network and operations spread globally in 50+ countries, we help more than 500+ clients in their digital transformation journey and create sustainable value for the community.
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