Arbutus Software
19 Case Studies
Case Study: Fortune Sacco achieves AML compliance with Arbutus Analytics
A Arbutus Software Case Study
Fortune Sacco Enhances AML Compliance with Arbutus Analytics
Fortune Sacco Limited, a deposit-taking financial institution in Kenya, needed a better way to monitor, detect, and report money laundering and terrorism financing risks. Its existing core banking systems could not meet Central Bank of Kenya anti-money laundering requirements without costly custom development, so it turned to Arbutus Software and Arbutus Hub for a more flexible compliance solution.
Arbutus Software implemented an AML workflow using Arbutus Hub and analytics to evaluate all core banking transactions, assign weighted risk scores based on CBK indicators, and flag cases above a set threshold for review. The solution was delivered in just four weeks, helping Fortune Sacco achieve full compliance with Clause 5.5 of the CBK AML/CFT Prudential Guidelines, while improving transaction evaluation, enabling timely reporting, and saving significant time and cost versus custom software development.
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