BIMBANK, a pioneering Islamic bank in Mauritania and an early adopter of digital banking solutions, has significantly bolstered its enterprise-wide fraud prevention capabilities by implementing BPC’s SmartVista Fraud Management solution. This strategic move was driven by the imperative to meet increasingly stringent regulatory requirements, combat sophisticated fraud attempts, and provide real-time protection across all its financial channels, including cards, core banking, and digital services.

In recent years, the Central Bank of Mauritania has intensified its anti-fraud regulations as part of a comprehensive national initiative aimed at enhancing payment security across the country. These new measures mandate real-time monitoring, automated alerts, and detailed reporting mechanisms for all payment channels, placing a higher burden on financial institutions. Concurrently, the proliferation of electronic payment volumes has made banks like BIMBANK more susceptible to advanced and constantly evolving fraud techniques. To effectively address these dual challenges, BIMBANK recognized the urgent need to replace its existing, aging platform with a modern, scalable fraud-management system that could ensure robust compliance and efficiently manage escalating transaction volumes.

The selection of SmartVista by BPC provided BIMBANK with a cutting-edge solution tailored to its needs. The implementation was meticulously executed in two distinct phases. Initially, SmartVista was integrated with the bank’s card switch and core banking systems, laying the foundational framework for comprehensive fraud detection. This was followed by a seamless integration with BIMBANK’s digital banking services, extending the protective umbrella across its entire digital ecosystem. This phased approach allowed analysts at BIMBANK to gain a consolidated, holistic view of potential risks and leverage a dynamic rules engine for both real-time and near-real-time monitoring of transactions. The system's advanced features include adaptive rule scoring, immediate notifications delivered via SMS, email, and push alerts, and a sophisticated case-management suite designed to streamline investigation and resolution processes. Furthermore, SmartVista is hosted on-premise, ensuring strict adherence to local data sovereignty requirements, while offering flexible integration options for linking with third-party services and internal modules.

Since its deployment, the SmartVista solution has yielded impressive results for BIMBANK. The bank reports that it has successfully intercepted all potentially fraudulent transactions, showcasing the system's efficacy. Beyond immediate interception, SmartVista also provides invaluable tools that enable BIMBANK to identify emerging fraud patterns and to develop more robust, long-term fraud and risk mitigation strategies. Looking ahead, BIMBANK and BPC are committed to a continuous partnership, with plans to further refine the detection logic, introduce advanced machine-learning scoring capabilities, and implement extended reporting features to stay ahead of future threats.

Industry experts have lauded the move. Nabil Benhmida, Sales Manager Francophone Africa at BPC, emphasized the universal need for such tools, stating, “Every institution needs future-proven tools to anticipate, prevent and stop fraud on every channel of operation.” He added that SmartVista’s modular design allows BIMBANK to integrate new channels into a single centralized network, meet regulatory compliance, and proactively counter emerging threats in Mauritania. Abdellahi Ahmedne, IT Director at BIMBANK, echoed this sentiment, highlighting the transformative impact: “Before BPC SmartVista Enterprise Fraud Management, we didn’t have the advanced tools needed to detect them in time. Today, we see, stop, and investigate events in real time. BPC’s proven platform underpins our strategy to lead Mauritania in secure banking.”