CAC International Bank selects InfrasoftTech’s Univius AML to future-proof its risk & compliance management

By Pavithra R

InfrasoftTech, the leading global fintech solutions provider, has announced that CAC International Bank, the third leading financial service provider in Djibouti, Africa, has gone live with the firm’s proprietary Univius Anti-Money Laundering (AML) solution.

The integration of the artificial intelligence (AI)-powered platform will empower the bank to vertically integrate modules, determine Key Risk Indicators (KRIs), meet evolving regulations, and devise proactive policies & procedures to mitigate risk. 

“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,” said Mr Amit Sharma, Global Head – Products, InfrasoftTech.

CAC International Bank is one of the fastest-growing banks catering to a variety of customers and businesses. The institution has been one of the first organisations to introduce digital banking services for its clients in the region. 

Through the implementation of the solution, CAC International Bank will 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 enable CAC International Bank to meet its regulatory obligations and optimise business performance. 

“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,” said Manumohan Mohandass, Compliance Officer & MLRO, CAC International Bank.

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.