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US firm, IM Bank to curb illicit cash

I&M Bank building along Kenyatta Avenue, Nairobi. [File, Standard]

I&M Bank has partnered with American fintech software and big data analytics company ThetaRay to combat money laundering through the use of Artificial Intelligence (AI).

The new 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.

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