JMR Infotech Strengthens Abay Bank’s Financial Crime Compliance with Real-Time Screening

Upgrade to Oracle OFSAA 8.1.2.10, integrated with Oracle FLEXCUBE, enhances customer onboarding and transaction controls across a network serving 5.5 million+ customers 

Addis Ababa / Dubai, 06 November 2026:

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.” 

The implementation covers a comprehensive suite of OFSAA financial crime and compliance capabilities, including anti-money laundering, KYC, customer screening, transaction filtering and case management, supporting due diligence, transaction controls, data quality and compliance analytics across the bank’s operations. 

Serving more than 5.5 million customers through a network of over 1,000 branches and processing more than 200,000 transactions daily, Abay Bank requires compliance capabilities that can operate reliably at scale. The upgraded platform supports the bank’s compliance teams in reviewing alerts and managing cases while maintaining continuity across critical workflows. 

“Banks today need compliance platforms that screen customers and transactions in real time, without putting day-to-day operations at risk,” said Suresha Iyer, CAMS,  President & Head – Enterprise Risk and Analytics, JMR Infotech. “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.” 

JMR Infotech migrated Abay Bank’s existing business and transactional data, alerts, KYC assessments and compliance cases to the upgraded platform, preserving critical information and investigation history throughout the transition.  

Further enhancements to batch automation and data extraction processes improve processing efficiency and support the bank’s anti-money laundering operations. The engagement reflects JMR Infotech’s expertise in financial crime compliance solutions and its ability to deliver complex platform upgrades while maintaining business continuity. 

About JMR Infotech

JMR Infotech is a premier global technology solutions provider specializing in delivering end-to-end digital transformation for financial institutions, government agencies, and businesses worldwide.  

We are one of the leading partners for Oracle’s Financial Services solutions, while also offering proprietary IP-based platforms such as LivEzy, designed to power integrated ecosystems for enabling embedded finance and everyday banking.  

JMR Infotech’s expertise spans Core & Digital banking modernization, regulatory compliance, customer experience platforms, enterprise planning solutions, and advanced analytics and AI-powered engagement.  

With a presence in over 75 countries and a track record of 400+ turnkey projects, we are committed to building trusted partnerships and delivering innovative, scalable, and locally relevant solutions that drive efficiency, transparency, and inclusive growth. 

To know more, visit: www.jmrinfotech.com 

About Abay Bank 

Abay Bank is a financial institution serving customers across Ethiopia through a network of branches and banking services. With a focus on delivering banking services to individuals and businesses, the bank continues to strengthen its operational capabilities and technology infrastructure to support its growing customer base and evolving financial needs. 

To know more, visit: www.abaybanksc.com