Machhapuchchhre Bank Limited (MBL), one of Nepal’s foremost commercial lenders, has picked ZIGRAM’s Complete AML System in a move to bolster its defences against money laundering and wider financial crime.
The platform brings together a set of applications spanning sanctions screening, customer risk management, transaction monitoring and fraud risk management, giving the bank a single framework for tackling illicit financial activity. MBL’s decision rested on ZIGRAM’s capacity to offer a scalable, microservices-based system built for the digital-first demands of today’s banks, one that pairs AML tooling and fraud prevention with intelligence tailored to the local market and flexible deployment choices.
Rather than concentrating narrowly on compliance workflows, ZIGRAM positions its offering as a full Financial Crime Risk Management (FRAML) ecosystem, allowing institutions to address regulatory obligations and fraud prevention under one roof.
A decisive factor in the evaluation was ZIGRAM’s Nepal-specific coverage. Alongside its global AML and risk intelligence datasets, the firm supplies native data assets and watchlists with extensive coverage of Politically Exposed Persons relevant to Nepal. The system has been configured to align with Nepal Rastra Bank rules and the reporting demands of FIU-Nepal, including goAML standards, helping MBL keep pace with shifting compliance obligations.
Delivery of the programme is being handled through a structured approach blending international technology expertise with local market knowledge, with ZIGRAM working alongside partners in Nepal to smooth implementation and adapt global best practice to the country’s regulatory and operational realities. The company also thanked MBL’s chief of information technology Hem Shreshtha and chief compliance officer Bhuvan Singh Khatri for their roles in the evaluation and rollout.
ZIGRAM founder & CEO Abhishek Bali said, “We are honoured to have been selected by Machhapuchchhre Bank through a rigorous evaluation process. Our focus throughout the engagement was to understand MBL’s strategic requirements and deliver a future-ready platform that combines world-class AML and fraud risk management capabilities with localized intelligence and regulatory alignment.
“By combining scalable microservices architecture, native data assets, deep Nepal-specific risk intelligence, and strong local implementation support, we are enabling MBL to strengthen compliance, combat financial crime more effectively, and build greater digital trust across its operations. We remain committed to helping financial institutions address evolving financial crime risks through innovative, market-relevant technology.”
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