SAS has inked a deal with Jordan Islamic Bank to provide the FI with a suite of risk management and compliance solutions.
The bank will be utilising new systems around enterprise governance, risk and compliance (EGRC), anti-money laundering (AML) and the Foreign Account Tax Compliance Act (FATCA).
Musa Shihadeh, vice chairman and general manager of Jordan Islamic Bank, explained: “This agreement is an application of our bank’s strategy to develop its banking operations through ensuring a world class integrated banking system, and contributes to improve customer experiences and customer profitability, manage risk and regulatory compliance, anticipate fraud and create value from data.”
Shukri Dabaghi, regional director for Middle East & Francophone Africa at SAS, added: “SAS provides comprehensive solutions to Jordan Islamic Bank that support FATCA monitoring and compliance, linking EGRC functions to strengthen governance and foster trust, as well as offering an integrated and open-ended architecture with implementation of AML solutions. With these solutions, Jordan Islamic Bank will be able to make better informed regulatory decisions.”
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