Bahrain-based BenchMatrix Solutions, a leading advisory services and software solutions provider, has been selected by Allied Bank Limited (ABL), one of the five largest Pakistani banks, to implement its signature compliance management solution across the bank’s more than 1,000 branches.

As the bank’s customer base, branches, products and services grow, ABL hopes to use the RiskNucleus Governance & Compliance solution to further strengthen its compliance management framework ensuring effective management of the increasing regulatory compliance, said a statement.

BenchMatrix also views this as a critical opportunity to revolutionise the way compliance is managed in the region, it said.

To achieve this end, BenchMatrix and ABL will collaborate to develop and implement comprehensive functionalities to manage and maintain SBP regulatory guidelines, inspections and ad hoc assessments along with the ability to monitor compliance key performance indicators (KPIs) and conduct control testing, the statement added. – TradeArabia News Service