Jamii Bora Bank is one of Kenya’s Fastest Growing Banks, with a dedicated customer base of over 360,000, with 26 fully-fledged Central Bank of Kenya-approved Branches. The bank was founded as a Charitable Trust by fifty destitute families. In March 2010, it merged with another financial institution with a banking license and transformed into a fully-fledged commercial bank. In July 2015, the bank’s total assets were valued at approximately US$143.2 million (KSh14 billion).
Their target is to become one of Kenya’s middle tier banks by the end of 2018. Jamii Bora’s main focus will be leveraging on technology to enable their customers and all the stakeholders to have access to a truly robust and secure financial service that will enhance and transform their lifestyles anywhere, anytime.
With their growth in size and customer base, it was becoming a challenge to monitor all the Account holders and their transactions. To be able to automatically monitor new accounts, existing accounts and the growing number of transactions, it had become a necessity to automate this monitoring to be able to effectively and efficiently capture suspicious accounts and transactions.