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Cairo, 28 September 2025:
The «Industrial Development Bank» announced the successful implementation of Anti-Money Laundering (AML) and Risk-Based Assessment (RBA) systems provided by «Pio-Tech». These solutions strengthen the bank’s monitoring tools, improve reporting, and ensure full regulatory compliance.
Statement by Hussein Refaie
Mr. Hussein Refaie, CEO and Managing Director of «Industrial Development Bank», emphasized the bank’s commitment to adopting innovative technologies. He explained that implementing «Pio-Tech»’s AML and RBA systems reflects a proactive approach to compliance and increases the trust of customers and stakeholders.
Support from «Pio-Tech»
Mr. Tariq Al-Saffarini, CEO of «Pio-Tech», stated that the company is proud to support «Industrial Development Bank» with advanced systems that enhance compliance and risk management practices. He noted that these solutions have been successfully adopted by many banks in Egypt and across the region, improving both reporting and monitoring efficiency.
Strong Regional Presence
«Pio-Tech» maintains a solid presence in Egypt and the wider region, where its innovative compliance solutions help numerous banks achieve higher levels of transparency and regulatory alignment.
About «Industrial Development Bank»
Established in 1947, «Industrial Development Bank» is one of Egypt’s most established banks. It provides comprehensive banking services and products for individuals and corporate clients, while focusing on innovation, financial inclusion, and regulatory compliance.
About «Pio-Tech»
Founded in 2003, «Pio-Tech» delivers advanced digital solutions for the banking sector. The company serves more than 175 clients in 26 countries. It specializes in finance, credit, compliance, and risk systems, offering scalable, cloud-ready solutions that support growth across the Middle East, Africa, and the GCC.
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