JMR Infotech, an India-based provider of digital transformation and banking technology solutions, has announced the successful go live of the Oracle Financial Services Analytical Applications (OFSAA) Financial Crime and Compliance Management (FCCM) solution at Cooperative Bank of Oromia (Coopbank) in Ethiopia.

The implementation marks a significant development in Coopbank’s efforts to strengthen its compliance capabilities, manage risk more effectively, and reinforce its technology infrastructure for long-term growth.

With this deployment, the bank has adopted an enterprise-wide compliance framework that enables improved anti-money laundering (AML) functions, real-time risk monitoring, enhanced data security, and more efficient regulatory compliance.

The project involved the validation and processing of more than 14 million customer records, contributing to more reliable operations and stronger fraud prevention.

Jayafar Moidu, Founder and Chief Executive Officer of JMR Infotech, said:

“This go live represents more than a successful deployment, it is a powerful example of how strategic partnerships can reshape compliance landscapes. Coopbank’s vision, Oracle’s innovation, and JMR Infotech’s execution excellence came together to create a scalable solution that not only strengthens AML and risk capabilities today, but also supports the bank’s digital evolution for tomorrow.”

Shimelis Legesse, Chief Information Officer of Cooperative Bank of Oromia, commented:

“This implementation marks a major milestone in our compliance transformation journey. The solution empowers us to manage financial crime risks at scale, while enhancing the trust and security we provide to our customers.”

The go live underlines JMR Infotech’s focus on providing financial institutions with scalable and technology-driven compliance solutions, supporting their response to evolving regulatory requirements and operational demands.

Featured image credit: JMR Infotech