NRSP Microfinance Bank leads industry with automation of Anti-Money Laundering through Bench Matrix Risk Nucleus

NRSP Microfinance Bank 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 system will allow the company to successfully manage screening of customers, transactions, employees and more against sanctions list. It will ensure effective KYC/CDD review, perform customer risk assessments, monitor transactions through a fully configurable scenario manager and alert workflow module, and automate SAR and CTR reporting. It will also maintain necessary documents, and generate required reports.

NRSP Microfinance Bank Limited is one of the leading microfinance banks in Pakistan. The Bank also offers quality banking services to its valued clients including Government and private institutions. It has adhered to internationally recognized Corporate Governance and prudent banking practices. This has enabled the Bank to double its equity within 5 years. As part of offering innovative products and services, the Bank is also privileged to be the 1st regulated provider of Islamic microfinance services in Pakistan.

BenchMatrix is a leading advisory service and automated Governance, Risk & Compliance (GRC) solutions provider with a focus on developing practical and customized approaches to risk management for organizations. Our team has several full cycle implementation experiences in multinational organizations with success stories in Pakistan, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, France, Canada, Malta, Turkey, Algeria, and Tunisia.