Addis Ababa, April 08: JMR Infotech, a global leader in digital transformation and banking technology solutions, today announced that its client, Cooperative Bank of Oromia, has been named a finalist in the 2026 Oracle Customer Excellence Awards in the Data Analytics & AI category. The recognition celebrates organizations that leverage Oracle’s analytics and AI capabilities to transform complex data into actionable insights, driving measurable business outcomes.
The transformation journey addressed key challenges faced by Coopbank, including financial crime compliance, enterprise performance management, and regulatory reporting. Previously dependent on fragmented systems, manual processes, and rule-based monitoring, the bank struggled with limited visibility, high false positives, and operational inefficiencies.
In collaboration with JMR Infotech, Coopbank implemented a comprehensive Oracle ecosystem, covering:
- Oracle Financial Services Analytical Applications (OFSAA) – Financial Crime and Compliance Management
- Oracle Financial Services Crime and Compliance Studio
- Oracle Enterprise Performance Management
The integrated solution established a unified data foundation, enabled AI-driven transaction monitoring, and automated compliance and reporting processes. The outcomes include:
- Significant reduction in false positives
- Faster and more accurate regulatory reporting
- Enhanced decision-making with real-time dashboards
- Improved auditability and strengthened data governance
- Advanced analytics for detecting complex transaction patterns and fraud prevention
“This recognition reflects the power of combining domain expertise with advanced analytics and AI to drive real business outcomes,” said Suresha Iyer, President & Head – Enterprise Risk and Analytics, JMR Infotech.
Shimelis Legesse, Chief Information Officer, Cooperative Bank of Oromia, added:
“With Oracle technologies and the implementation expertise of JMR Infotech, we have significantly enhanced our risk management, compliance, and decision-making capabilities. This transformation has enabled us to deliver greater efficiency, strengthen regulatory confidence, and create more value for our customers.”
The recognition at the Oracle Excellence Awards underscores Coopbank’s commitment to building a data-driven, future-ready bank. JMR Infotech continues to support Coopbank in its journey toward AI-powered digital transformation and modernization.
