Cooperative Bank of Oromia (Coopbank) has successfully implemented the Oracle Financial Services Analytical Applications – Financial Crime and Compliance Management (OFSAA FCCM) platform, in collaboration with JMR Infotech.
This strategic implementation marks a significant advancement in Coopbank’s compliance infrastructure.
The OFSAA FCCM platform empowers the bank with an integrated and intelligent compliance system, designed to meet growing regulatory demands and combat financial crime more effectively.
With this go-live, Coopbank is now equipped with enhanced anti-money laundering (AML) tools, real-time risk surveillance, secure data handling capabilities, and more streamlined regulatory reporting processes.
The project enabled the processing and validation of over 14 million customer records, demonstrating the scalability and robustness of the solution.
This vast data integration strengthens the bank’s fraud prevention capabilities and improves operational efficiency both critical elements as the bank continues its digital growth trajectory.
Jayafar Moidu, Founder and CEO of JMR Infotech, called the implementation a transformational achievement.
“This go-live represents more than a successful deployment, it’s a testament to what’s possible when vision, innovation, and execution align. Together with Oracle and Coopbank, we’ve created a powerful compliance ecosystem that not only addresses current risks but also supports Coopbank’s long-term digital evolution,” he stated.
Echoing this sentiment, Shimelis Legesse, Chief Information Officer of Coopbank, said, “This implementation is a major step forward in our compliance transformation journey. The new solution allows us to manage financial crime risks at scale, while reinforcing the trust and security our customers expect. We’re grateful to JMR Infotech and Oracle for their deep expertise and unwavering partnership throughout the project.”
The successful rollout also underscores JMR Infotech’s growing presence as a global technology partner for financial institutions seeking to modernise legacy systems and align with dynamic regulatory landscapes.
With a strong track record of turnkey implementations across more than 75 countries, JMR continues to provide banks with innovative, scalable, and locally tailored digital solutions.
The company’s expertise spans across core banking modernisation, customer experience platforms, government resource planning, advanced analytics, and AI-driven engagement technologies.
As financial institutions increasingly face complex compliance requirements and the pressure to deliver secure digital experiences, JMR Infotech’s role in enabling this transformation becomes even more critical.
For Coopbank, this milestone is more than a technological upgrade, it signals a broader commitment to building a resilient, transparent, and future-ready banking environment that supports customer trust and inclusive financial growth across Ethiopia.
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