Technology savvy Ethiopian bank partners with Profinch for an OFSAA implementation, goes live in 2.5 months.
Banking Analytics And Regulatory Compliance
The client is a leading financial services provider and a pioneer of multi-channel banking in Ethiopia. The bank extensively employs technology and has fashioned various channels to offer a range of banking services to a large customer base.
The client was looking at streamlining the process of meeting regulatory reporting requirements to ensure accuracy and timeliness of delivery through OFSAA implementation. The bank was intent upon partnering with a vendor with know-how and experience in delivering OFSAA projects on time. The client had stringent timelines and wanted to ensure the vendor delivers as per these.
The scope of the project was finalized to implement the following modules:
The project was successfully completed within the agreed timelines. This ensured that the bank was equipped to fully comply with the whole range of regulatory guidelines.
Completing the project in very taut timelines was challenging in more ways than one. However, a seamless end-to-end implementation as promised was duly achieved. The client has been highly appreciative of the timelines being met on all fronts and how it has contributed to chalking out the future roadmap. For Profinch, it was an insightful experience as it helped the team further understand the nuances of collaborative effort and how it scripts client success stories.