Press Releases
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MicroCred Financial Services Limited selects BenchMatrix for the Implementation of RiskNucleus ® Watchlist Screening Solution
Implementation of the comprehensive RiskNucleus ® Watch List Screening Module will automate and ensure AML compliance, which will ensure protection against legal, regulatory and reputational risks arising from Money Laundering, Terrorist Financing & Proliferation Financing. The Watch List Module will …
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Al Ahli Bank of Kuwait in Egypt Selects BenchMatrix’s RiskNucleus® Operational Risk Management Solution
BenchMatrix has achieved another milestone and marked its footprints in Egypt and on boarded one of the largest banks of MENA region. Implementation of RiskNucleus Operational Risk Management Solution will assist the bank to meet regulatory requirements of Central Bank …
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One of the Leading Credit Unions in Canada Selects BenchMatrix for Implementation of RiskNucleus ORM Solution & Advisory Services of ORM Framework
BenchMatrix has marked its footprints in Canada and on boarded one of the leading credit unions to implement RiskNucleus Operational Risk Management Solution & consultancy of ORM Framework. RiskNucleus® Operational Risk Management is a single firm-wide solution that automates the …
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Sindh Bank goes live with BenchMatrix’s RiskNucleus® Compliance Risk Management solution
RiskNucleus® Compliance Risk Management Solution has been successfully implemented at Sindh Bank to digitally transform the bank’s operations in order to achieve efficiency in processes, regulatory compliance, and adherence to standard practices. RiskNucleus is a well-integrated system that allows risk managers …
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Al Saqi e-payment services in Iraq selects BenchMatrix for the implementation of RiskNucleus® Anti-Money Laundering Solution
Al Saqi e-payment services has selected RiskNucleus® AML solution, a fully built and enhanced anti money laundering platform which will help screen customers and identify suspicious transactions. The application will assist Al Saqi on its journey towards complying with CB …
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Al Amthal Financing Co. selects BenchMatrix for the implementation of RiskNucleus® Compliance Risk Management Solution
Al Amthal Financing Co. has selected BenchMatrix for the implementation of RiskNucleus® Compliance Risk Management Solution The implementation of this comprehensive solution will bring ease in meeting the SAMA’s regulatory requirements as the Regulatory Monitoring Module helps maintain a library …
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Al Jabr Financing Corporation (AJFC) goes live with the implementation of RiskNucleus® Anti-Money Laundering Solution
Al Jabr has gone live with BenchMatrix’s RiskNucleus® AML which is a comprehensive anti-money laundering solution. The AML application will assist Al Jabr on it’s journey towards complying with AML/CFT Regulations, thus reducing the cost of any regulatory non- compliance. …
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First Women Bank Ltd goes live with RiskNucleus® GRC solution for the Automation of their Compliance Risk Management & Operational Risk Functions
First Women Bank Ltd has gone live recently with RiskNucleus® GRC solution for the digitization of Compliance and Operational Risk Management processes. The solution is a comprehensive and well-integrated system that allows the stakeholders to effectively assess and monitor identified …
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SCB Pakistan goes live with RiskNucleus® Governance, Risk & Compliance Solution
BenchMatrix has successfully facilitated Standard Chartered Bank Pakistan (SCBPL) in the installation and implementation of its RiskNucleus® GRC, with the goal to digitize the Bank’s compliance risk management processes. The implementation of this comprehensive solution will assist Standard Chartered in …
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Creative Future for Digital Brokerage, Saudi Arabia, goes live with RiskNucleus ® Anti Money Laundering Solution
Implementation of the comprehensive RiskNucleus ® Anti Money Laundering Solution will automate and strengthen the AML compliance management framework, which will ensure protection against legal, regulatory and reputational risks arising from Money Laundering, Terrorist Financing & Proliferation Financing. This comprehensive …
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Bank of Baghdad goes live with RiskNucleus® Operational Risk Management Solution
Bank of Baghdad in Iraq has gone live with RiskNucleus® Operational Risk Management Solution to automate the operational risk and reporting process. RiskNucleus® Operational Risk Management Solution will allow the bank to digitize its risk activities in order to achieve …
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Soneri Bank Limited goes live with end to end automation in Enterprise Risk Management Solution.
Soneri Bank Limited (SNBL) in collaboration with BenchMatrix goes live with the comprehensive automated solution RiskNucleus® that will enhance its risk management system. The system aims to streamline the preparation of Capital Adequacy Ratios for onward submission to the State …
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Sindh Bank selects BenchMatrix for the implementation of RiskNucleus® Loan Origination Solution
Sindh Bank has selected BenchMatrix Private Limited for the implementation of Loan Origination System (LOS). BenchMatrix’s RiskNucleus® LOS will assist in automating loan origination, review, approval processes. In addition, the solution will ensure that the Bank remains compliant to regulatory …
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Al Ahli Bank Kuwait (ABK) goes live with RiskNucleus®️ Operational Risk Management Solution
Al Ahli Bank Kuwait (ABK) has gone live with BenchMatrix’s operational risk management solution to support its expanding operations. This collaboration will further enhance the Bank’s ability to effectively manage its operational risks and develop an efficient mechanism for reporting …
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Aljabr Financing Corporation (AJFC) selects BenchMatrix to implement the RiskNucleus®️ Anti-Money Laundering system
January, 2022: As part of its keenness to apply the best standards in its financing business, AJFC has contracted with the global company BenchMatrix to provide it with the RiskNucleus®️ Anti Money Laundering system, which is distinguished in combating money …
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MartaPay Selects RiskNucleus Anti Money Laundering Solution
MartaPay Selects RiskNucleus® Anti Money Laundering Solution Financial institutions are obligated by set AML regulations to monitor their clients' remittance and payment transactions. Money laundering, terrorist financing, corruption, and fraud are all crimes linked to ML & CFT. RiskNucleus® Anti-Money …
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Askari Bank Goes Live with BenchMatrix’s Loan Origination Solution
BenchMatrix Private Limited has successfully facilitated Askari Bank Limited, in the installation and implementation of its RiskNucleus® Loan Origination Solution in the Bank’s major lending segments (Corporate Banking & Investment Banking, Corporate Leasing, Commercial Banking, Small & Medium Enterprise, Islamic …
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Pakistan Kuwait Investment Company Ltd. partners with BenchMatrix
Pakistan Kuwait Investment Company (PKIC) has partnered with BenchMatrix for the implementation of RiskNucleus® Operational Risk Management solution aiming to effectively manage operational risks. PKIC’s collaboration with BenchMatrix, a renowned international consultancy and technology service provider, for implementation of RiskNucleus® …
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United Company for Financial Services, KSA, Selects BenchMatrix for implementation of RiskNucleus® ORM Solution
United Company for Financial Services, KSA, Selects BenchMatrix for implementation of RiskNucleus® ORM Solution United Company for Financial Services, KSA, has selected BenchMatrix to implement Operational Risk Management solution to support its mounting operations. The Solution will automate the process of …
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Al Salam Bank B.S.C. selects BenchMatrix to implement Paperless Branch Banking
Al Salam Bank B.S.C has selected BenchMatrix to implement Paperless Branch Banking. This solution includes retail customer on-boarding with direct integration with Benefit’s e-KYC solution, Bank’s AML system for sanction and PEP monitoring, electronic signature and electronic archival solutions. Frequent …
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Al Ahli Bank Kuwait (ABK) selects benchmatrix for the implementation of RISKNUCLEUS®️ OPERATIONAL RISK MANAGEMENT SOLUTION
Following a rigorous procurement process, Al Ahli Bank Kuwait (ABK) has selected BenchMatrix to implement an operational risk management solution to support its expanding operations. BenchMatrix will provide a comprehensive and well-integrated system that allows Risk Managers to effectively assess …
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Samba Bank selects BenchMatrix’s RiskNucleus® Loan Origination System
Samba Bank has selected BenchMatrix Private Limited for implementation of the Loan Origination System (LOS). BenchMatrix’s RiskNucleus® LOS will assist in automating loan origination, review and approval processes in Samba Bank. In addition, the solution will ensure that the Bank …
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Bank of Baghdad Iraq Selects RiskNucleus® ORM Solution for Implementation of Operational Risk Management
Bank of Baghdad in Iraq has selected BenchMatrix Private Limited for the implementation of RiskNucleus® Operational Risk Management Solution. RiskNucleus® Operational Risk Management is a single firm-wide solution which automates the process of Incident Management, loss data & analytics, risk …
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Pak Oman Microfinance Bank Limited Pakistan selects RiskNucleus® AML Solution for Transaction Monitoring
Pak Oman Microfinance Bank Limited Pakistan has selected BenchMatrix Private Limited for the implementation of RiskNucleus® Anti Money laundering Solution (Transaction Monitoring Module). This comprehensive solution will help automate both batch based and real time transaction monitoring, which will enable …
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Bank of Punjab takes a huge leap forward towards Digitization of its
Lending Process through BenchMatrix’s Loan Origination SystemBank of Punjab has selected BenchMatrix Private Limited for implementation of Loan Origination System for all segments, including Corporate, SME, Agri, Investment Banking & Financial Institutions. RiskNucleus® LOS will automate and fast-track the loan origination, review and approval processes in …
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First Women Bank Ltd selects BenchMatrix for the automation of their Compliance & Operational Risk Framework
First Women Bank Ltd has selected BenchMatrix for the digitization of compliance and operational risk management processes enabling the bank in meeting its regulatory requirements with ease. Under the agreement, the comprehensive solution will automate areas of regulatory compliance, observations, …
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Bank of China (Pakistan) selects RiskNucleus ® Compliance Management Solution
Bank of China (Pakistan) selects RiskNucleus® Compliance Management Solution of BenchMatrix for Regulatory Monitoring & Risk Assessment Bank of China (Pakistan) has selected BenchMatrix Private Limited for implementation of RiskNucleus® Compliance Management Solution (Regulatory Monitoring & Risk Assessment Modules). The …
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Standard Chartered Pakistan selects RiskNucleus® Governance, Risk & Compliance Solution
Standard Chartered Pakistan has selected BenchMatrix’s RiskNucleus® GRC with the goal to digitize the bank’s compliance risk management processes. The implementation of this comprehensive solution will bring ease in meeting the SBP’s regulatory requirements (BPRD Circular Letter No. 07 of …
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The Nigeria Sovereign Investment Authority selects BenchMatrix for implementation of RiskNucleus®️ Operational Risk Management Solution
Abuja, Nigeria, April 15, 2021: Following a rigorous procurement process, the Nigeria Sovereign Investment Authority has selected BenchMatrix to implement an Operational Risk Management Solution to support its expanding operations. BenchMatrix will provide a comprehensive and well-integrated system that allows …
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Faysal Bank Limited selects BenchMatrix’s RiskNucleus® Corporate Loan Origination System
Faysal Bank Limited has selected BenchMatrix Private Limited for implementation of Loan OriginationSystem. BenchMatrix’s RiskNucleus® LOS will assist in automating Loan origination, review and approval processes in Faysal Bank. Implementation of this automated workflow-based system will speed up the credit …
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Creative Future for Information Technology Kingdom of Saudi Arabia inks agreement with BenchMatrix for RiskNucleus® Compliance & AML Implementation
[Mar 24, 2021] Kingdom of Saudi Arabia’s Creative Future for Information Technology has selected BenchMatrix for the implementation of RiskNucleus® Compliance and Anti Money Laundering Solutions in order to automate and bring efficiency in compliance processes. Under the agreement, the …
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MCB Bank goes live with BenchMatrix’s Loan Origination Solution to bring efficiency to business operations in Pakistan, Sri Lanka, UAE and Bahrain
[Mar 17, 2021] BenchMatrix Private Limited has successfully facilitated MCB Bank Limited, in the installation and implementation of its RiskNucleus® Loan Origination Solution in the Bank’s major business segments, including Corporate Banking, Retail Banking, Financial Institution services, NBFI, Agriculture Credit …
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MCB Islamic Bank goes live with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) Solution
[Mar 1, 2021] MCB Islamic Bank is now live with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) Solution with the aim to digitize the bank’s compliance management processes. The implementation of subject solution will automate Key areas of Compliance Risk …
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One of the leading banks in Bahrain selects BenchMatrix Compliance Solution to meet Regulatory Requirements.
[Jan 27, 2021] One of the leading banks of Bahrain selects BenchMatrix for the implementation of RiskNucleus® Regulatory Monitoring Solution to enable the Bank in meeting regulatory requirements of CBB and other authorities. The project will cover three phases starting with …
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Meezan Bank signs MoU with BenchMatrix for the automation of Compliance & Operational Risk Framework
[Jan 26, 2021] Meezan Bank, Pakistan’s first and largest bank has recently signed an MoU with BenchMatrix for its RiskNucleus®️ Governance Risk & Compliance (GRC) Solution to digitize the Bank’s compliance and ORM structure. The MoU was signed by Mr. …
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One of Largest Commercial Banks in Pakistan selects BenchMatrix for Automation of Suspicious Transaction Monitoring through RiskNucleus®️ Anti-Money Laundering Solution for its Digital Banking Operations
[Jan 24, 2021] The implementation comes considering State Bank of Pakistan’s (SBP) ever evolving regulations to combat Anti-Money Laundering (AML) and Counter Financing of Terrorism (DFT). The Bank aims to tackle risks associated with Anti-Money Laundering and regulate its Digital …
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One of the leading banks of Bahrain live with BenchMatrix’s RiskNucleus® Regulatory Compliance & Governance Solution
[Jan 24, 2021] One of the leading bank in Bahrain, is now live group wide with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) solution. Comprehensive GRC solution across Middle East and European regions will digitize bank’s operations leading to efficiency …
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Kingdom of Bahrain’s leading Islamic Bank goes live with BenchMatrix‘s RiskNucleus® Loan Origination System (LOS) Solution
[Jan 22, 2021] A leading Islamic Bank of the Kingdom of Bahrain has gone live with BenchMatrix Solution for the digitization of its SME loan origination framework. The comprehensive solution will automate areas of document checklist, pre-approval scoring model, automated …
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FINCA Microfinance Bank goes live with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) Solution!
[Jan 12, 2021] FINCA Microfinance Bank, one of the leading microfinance banks of Pakistan, is now live with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) solution with the aim to digitize bank’s operations leading to efficiency in the processes. Under …
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United Company for Financial Services go live with BenchMatrix RiskNucleus® Anti Money Laundering Solution
[Oct 20, 2020] United Company for Financial Services “Tas’heel Finance” successfully implemented BenchMatrix’s RiskNucleus® Anti Money Laundering solution to automate AML operations and to bring efficiency in the processes. The comprehensive solution will automate areas of watch list name screening, …
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The Bank of Khyber selects Benchmatrix for the implementation of Risknucleus® Governance risk & Compliance solution to meet Compliance Risk Management requirements of SBP
[Sep 22, 2020] BOK has opted for BenchMatrix’s RiskNucleus® Governance, Risk & Compliance (GRC) Solution to digitize bank’s operations leading to efficiency in processes, compliance with regulatory requirements and market best practices. The comprehensive solution will automate areas of regulatory …
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Message from our CEO
[Jun 12, 2020] OctoberNow a BenchMatrix Product Available on IOS and Andriod. Launched in Karachi at the moment Our journey started three years ago with an idea, a vision to unlock the biggest and most difficult market. Retail Groceries! Make …
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Industrial and Commercial Bank of China Pakistan Operations inks agreement with BenchMatrix for the implementation of RiskNucleus® Compliance Management Solution
[Jan 21, 2020] Industrial and Commercial Bank of China Pakistan Operations has opted for BenchMatrix’s RiskNucleus® Compliance Management Solution to digitize bank’s operations leading to efficiency in the processes. The comprehensive solution will automate areas of regulatory compliance, GRC platform, …
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RiskNucleus® Capital Adequacy Ratio system goes live in Faysal Bank Limited
[Jan 21, 2020] We are pleased to announce that BenchMatrix has accomplished one more milestone, after catering to customized requirements and performing a thorough testing cycle, the implementation process of RiskNucleus ERM Solution (CAR) has been successfully completed at Faysal …
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Soneri Bank Limited goes live with BenchMatrix’s RiskNucleus® Compliance Solution
[Jan 21, 2020] BenchMatrix’s RiskNucleus® Compliance Solution has successfully been implemented at Soneri Bank Limited. This comprehensive solution will facilitate the bank in meeting its regulatory requirements with ease. The collaboration will bring automation and efficiency in areas of regulatory …
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BenchMatrix’s CEO, Irfan Fazli, on what the future holds for Pakistan’s financial institutions on his interview to the “Safety & Security Today Magazine.”
S&ST: You and your firm have extensive experience in identifying and recommending plans to address risks in international financial markets. What are the key risks fac-ing Pakistan’s financial institutions in your opinion? Risks faced by any financial industry of a …
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Allied Bank goes live with RiskNucleus® Operational Risk Management Solution
[Jul 16, 2019] Allied Bank successfully implements RiskNucleus® Operational Risk Management solution across all its branches. The solution will enable the Bank to automate its Operational Risk activities including loss reporting, Key risk indicators, Risk and Control Self-assessments and tracking …
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Ahli United Bank Bahrain undertakes BenchMatrix’s RiskNucleus® Regulatory Compliance & Governance Solution
[Jul 5, 2019] One of the leading banks of Bahrain, the Ahli United Bank, selects BenchMatrix to implement a group wide comprehensive compliance risk management solution across Middle East and European regions. The comprehensive solution will enable efficiency in areas …
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Soneri Bank Limited selects BenchMatrix’s RiskNucleus® Regulatory Compliance Solution
[May 17, 2019] Soneri Bank Limited has chosen BenchMatrix to implement a comprehensive compliance solution to facilitate in meeting the regulatory requirements with ease. The collaboration entails working with the bank to streamline its regulatory compliance, observations, compliance risk assessment, …
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Benchmatrix signs Accord with Leading Saudi Bank to Strengthen its Operational Risk Framework
[Apr 2, 2019] BenchMatrix is assisting the Bank in aligning of its current ORM Framework with industry best practice and regulatory requirements. This includes updating the operational risk policy, procedures and committee mandate, conducting RCSA and setup of KRIs for …
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KSA based multilateral development Bank for the Oil and Gas sector signs agreement with BenchMatrix
[Mar 1, 2019] The Bank will be working with BenchMatrix to improve its Compliance framework and meeting its regulatory requirements. RiskNucleus® Compliance is a fully automated, well organized and user-friendly solution which simplifies compliance management in an organization by incorporating …
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Trust Bank Algeria successfully implements Risknucleus® Operational Risk Management solution
[Dec 18, 2018] Trust Bank Algeria has successfully implemented BenchMatrix’s RiskNucleus® – Operational Risk Management solution to further strengthen its operational risk management framework. Trust Bank Algeria is a member of the NEST INVESTMENTS HOLDING, LTD Group based in Cyprus …
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BenchMatrix’s Risknucleus® Operational Risk Management selected for automation at UBL
[Nov 20, 2018] BenchMatrix has signed a contract with UBL for implementation of RiskNucleus® Operational Risk Management (ORM) Solution. The ORM solution enables the management to further strengthen its operational risk management framework. United Bank Limited (UBL) leads the banking …
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Orange Money selects BenchMatrix’s RiskNucleus® Governance, Risk and Compliance Solution to meet Regulatory Requirements
[Nov 19, 2018] One of the fastest growing mobile money service providers in the region, currently servicing 40 million customers in 17 countries, selects Risknucleus® GRC – Solution. Orange Money was rolled-out for the first time in December 2008, in …
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GFH Bahrain Chooses BenchMatrix’s Compliance solution to meet regulatory requirements
[Oct 11, 2018] GFH Bahrain has chosen BenchMatrix regulatory Compliance Management System that would help them ensure comprehensive enterprise-wide compliance effectively. GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. …
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Askari Bank Limited successfully implements BenchMatrix’s Regulatory Compliance Management Solution for managing their regulatory activities
[Sep 26, 2018] Askari Bank Limited BenchMatrix successfully implements RiskNucleus® Compliance to lead the industry with automation of compliance risk management system. Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operations …
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Mobilink Microfinance Bank works with BenchMatrix’s to implement RiskNucleus® Compliance automating Compliance Risk Management framework
[Sep 9, 2018] Mobilink Microfinance Bank works with BenchMatrix to lead the industry with automation of compliance risk management system. Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 15 million mobile wallets. Backed by Global Telecom …
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The First MicroFinanceBank Limited automates watch-list screening, transaction monitoring and risk assessment with BenchMatrix’s Anti-Money Laundering solution, RiskNucleus®
[Aug 18, 2018] First MicrofinanceBank Limited and BenchMatrix are progressing ahead towards the automation of the Bank’s Anti-Money Laundering initiatives with the help of implementing Risk Nucleus® Anti-Money Laundering (AML) system. The First MicroFinanceBank Ltd, Pakistan (FMFB-P) was established in …
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ALUBAF Bank in Bahrain chooses BenchMatrix’s Compliance and Operational Risk Management solutions to meet Regulatory Requirements
[Aug 7, 2018] ALUBAF Bank of Bahrain has chosen BenchMatrix to implement an automated regulatory Compliance Management System that would help them ensure comprehensive enterprise-wide compliance effectively and RiskNucleus® Operational Risk Management solution to further strengthen its operational risk management …
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