Cooperative Bank of Oromia (Coopbank) has turned a new page in its digital-compliance playbook, completing a full production launch of Oracle Financial Services Analytical Applications – Financial Crime and Compliance Management (OFSAA FCCM) with help from global transformation specialist JMR Infotech. The go-live places the Ethiopian lender on a single, enterprise-wide platform for anti-money-laundering (AML), real-time risk surveillance, and regulatory reporting, an essential leap as local and international watchdogs ratchet up scrutiny.
The project’s headline achievement was the swift validation and onboarding of more than 14 million customer records. Automated cleansing and de-duplication routines hardened data integrity, while advanced analytics mapped suspicious behaviour across channels, giving compliance teams sharper visibility without burying them in false positives. With FCCM’s dynamic risk scoring in place, Coopbank can now surface anomalies in milliseconds, block suspect transactions before funds leave the institution, and generate regulator-ready reports at the click of a button.
Jayafar Moidu, JMR Infotech’s founder and CEO, described the cut-over as a proof-point for collaborative innovation. “Coopbank had the vision; Oracle provided a powerful engine; we brought the execution discipline,” he said. “Together we’ve delivered a scalable framework that fortifies Coopbank’s AML posture today and anchors its broader digital-banking roadmap for tomorrow.”
For the bank, the upgrade is about more than ticking compliance boxes. “This milestone fundamentally elevates the trust we offer our customers,” explained Chief Information Officer Shimelis Legesse. “With FCCM, we can monitor financial-crime risk at scale, respond faster to emerging threats, and maintain the integrity of Ethiopia’s growing digital economy. JMR Infotech and Oracle have been unwavering partners every step of the way.”
Beyond hardened defences, the implementation future-proofs Coopbank’s tech stack. The modular architecture supports plug-and-play expansion, whether that means adding AI-driven sanctions screening, integrating national digital-ID services, or tailoring rule-sets to new National Bank of Ethiopia directives. Staff empowerment was another win: local teams received hands-on training to tweak detection thresholds and author new scenarios independently, reducing long-term reliance on external consultants.
Coopbank’s success underscores JMR Infotech’s commitment to delivering intelligent, high-impact compliance solutions worldwide. As financial-crime tactics evolve, the firm continues to help banks marry regulatory readiness with strategic growth, building safer, more resilient financial ecosystems in the process.
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