The Industrial Development Bank (IDB) has successfully implemented Pio-Tech’s Anti-Money Laundering (AML) and Risk-Based Assessment (RBA) Systems. These advanced solutions will enable IDB to streamline reporting processes, enhance monitoring, and ensure full alignment with regulatory requirements
Mr. Hussein Refaie, CEO of IDB, stated: “At IDB, we are committed to adopting innovative technologies that strengthen our compliance framework and risk management capabilities. Implementing Pio-Tech’s AML and RBA solutions reinforces our proactive approach to meeting regulatory standards and reflects our dedication to protecting the bank and enhancing stakeholder confidence”
Mr. Tariq Al-Saffarini, CEO of Pio-Tech, added: “We are proud to support IDB with advanced systems that empower the bank to enhance compliance and risk management practices. Our solutions have been widely adopted across Egypt and the region, enabling institutions to improve reporting and monitoring efficiency.”
Pio-Tech has a longstanding presence in Egypt and the wider region, with its advanced compliance systems already serving numerous banks to achieve stronger compliance and risk management practices.
About IDB Established in 1947, the Industrial Development Bank (IDB) is one of Egypt’s long-standing banks, offering a comprehensive range of banking products and services for both individuals and corporate clients. IDB is committed to innovation, transparency, financial inclusion, and regulatory compliance.
About Pio-Tech Since 2003, Pio-Tech has delivered innovative digital solutions for the banking industry, serving over 175 clients in 26 countries. Specializing in Finance, Credit, Compliance, and Risk systems, Pio-Tech provides scalable, cloud-ready solutions that support growth across the Middle East, Africa, and GCC.
