ThetaRay announced a partnership with I&M Group, a regional financial services group in Africa. The partnership will see the deployment of ThetaRay’s advanced AML (anti-money-laundering) platform across I&M Group’s operations in Kenya, Tanzania, Rwanda, Uganda, and Mauritius.
This implementation spans the entire compliance lifecycle, from onboarding and sanctions screening to dynamic customer risk assessment, transaction monitoring, alerting, investigations, and regulatory reporting. Consolidating multiple processes into a single unified system will allow I&M Group to move beyond fragmented and manual compliance operations, to a centralized, AI-powered framework capable of scaling across multiple jurisdictions and business lines.
Jamie Loden, I&M Bank’s chief operating officer, said in a statement “ThetaRay distinguishes itself as a genuine AI-driven solution, setting a new standard for managing financial crime risk. Its sophisticated technology brings together disparate compliance tasks into one streamlined system, empowering our teams to achieve greater accuracy and respond rapidly to AML threats.”
“As East Africa’s regulatory landscape rapidly evolves, with central banks emphasizing intelligence-led oversight and digital reporting, this collaboration with ThetaRay positions I&M at the forefront of proactive risk governance,” said Zipporah Gitau, Group chief risk and compliance Officer at I&M Group, in a statement. “By transforming how we detect, assess, and report financial crime, we are building a dynamic compliance foundation that not only meets today’s regulatory demands but powers our growth across the region.”
ThetaRay’s platform will replace siloed legacy systems with a single, holistic compliance architecture. The rollout will cover key use cases including retail and corporate banking, trade finance, investment banking, capital markets, remittance, and e-wallet services. It incorporates ThetaRay’s latest innovations, such as the generative AI Risk Catalog, enabling compliance teams with a smarter, faster way to manage evolving regulatory and operational risk. Pre-configured and continuously updated, it enables institutions to deploy relevant, explainable and regulator-aligned risk typologies at scale.