AGRIBANK Announces Partnership with Kiya.AI
Further Strengthen its Commitment to Providing a Safe Banking Environment using an Anti-Money Laundering Solution
MANILA, PHILIPPINES, May 23, 2023 - Agribusiness Rural Bank, Inc. (AGRIBANK), one of the most established and trusted rural banks in the Philippines, today announced its partnership with leading global fintech provider, Kiya.AI.
The bank subscribed to Kiya.AI’s Anti-money Laundering (AML) System to facilitate easier tracking, flagging, and detection of suspicious activities as part of its regulatory compliance for a safe and sound banking operation that urges to promote the welfare and security of account holders. The partnership officially went live on May 15 and was commemorated with a small ceremony attended by AGRIBANK and Kiya.AI executives.
L-R: Agribank Executive Vice President Lea Yamballa, Agribank President & CEO Danny Boy Antonio, Kiya.AI Regional Manager for Asia Pacific Val Petines and Kiya.AI AML Implementation Consultant Atharva Yewalekar
“We are excited to enable and complement the ongoing efforts of AGRIBANK to empower and serve its customers against the constantly evolving threats of money laundering with our AMLSolution. We believe that cutting-edge, real-time financial monitoring technology can deliver the change needed to fight today’s sophisticated fraud and money laundering cases. Given the dynamic nature of the financial crime and regulatory landscape, we recognize that ensuring AML compliance is a continuous process, and we will fine tune and continue to strengthen our collaborative efforts together with AGRIBANK,” says Rajesh Mirjankar, MD and CEO of Kiya.ai.
“We are certain that our partnership with Kiya.AI will add value to the existing improvements in our Compliance Unit as this complements our long-term goal to offer our customers a safe banking experience. We look forward to leveraging Kiya.AI’s expertise in enabling 360-degree customer profiling, eliminate false reporting, and streamline compliance operations,” says Danny Boy Antonio, AGRIBANK President and CEO
L-R: Agribank Chief Compliance Officer Norberto Tan and Kiya.AI AML Implementation Consultant Atharva Yewalekar
Norberto Tan, AGRIBANK Chief Compliance Officer seemed very delighted during the gathering as he expressed it in his statement. “It was a dream that we finally fulfilled after years of waiting for the right system provider to collaborate with. We are beyond grateful that we came up with the decision to improve and strengthen Anti-Money Laundering (AML) practices,” concluded Tan.
ABOUT Agribusiness Rural Bank, Inc.
Agribank has established itself as one of the most trusted rural banks in the Philippines operating under the Ropali Group of Companies with operations that dated back in the year 1978 in its hometown in Sta. Fe, Nueva Vizcaya. Deeply rooted in the banking and finance industry, Agribank expanded its mettle through strengthened presence in different regions offering deposit and loan products at a competitive rate to over 21 branches nationwide. For inquiries about Agribank’s deposit and loan products, you may contact them through 02- 8274- 2474 or email them through firstname.lastname@example.org.
Kiya.ai is one of the most innovative digital solutions providers serving financial institutions and governments globally. They are known for their deep domain expertise in Financial Services, Core Banking, Digital Payments, Governance, Risk, and Compliance solutions. Along with its market-ready processes, which help clients traverse their digital transformation journey and create sustainable value for the community. Kiya.ai is headquartered in Mumbai. Kiya.ai helps businesses transform through its advanced digital solutions and new-age technologies such as metaverse, multiexperience & omnichannel banking, artificial intelligence, intelligent automation, and data analytics. Kiya.ai has 12 global offices and serves 500+ enterprises in 56 countries across South-East Asia, Africa, the Middle East, Europe, and North America. Kiya.ai is ISO 9001 and ISO 27001 certified and is assessed at CMMI Level 5 v2.0.