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SmartComply has unveiled its AI-powered Adhere platform, positioning it as a comprehensive solution to help banks and financial institutions detect and prevent financial crime in real time.
The platform delivers end-to-end automation across key compliance functions, including anti-money laundering (AML), know-your-customer (KYC), customer due diligence (CDD), sanctions and politically exposed person (PEP) screening, risk assessment, and regulatory reporting. It is also designed to integrate seamlessly with national identity frameworks such as Nigeria’s Bank Verification Number (BVN) and National Identification Number (NIN).
The development comes amid new regulatory directives from the Central Bank of Nigeria, which require financial institutions to implement automated AML solutions that meet defined minimum standards within a 18–24 month timeframe, alongside clear implementation roadmaps.
According to SmartComply’s Chief Executive Officer, Gbemisola Osunrinde, the Adhere platform was specifically built to address the evolving compliance demands across African markets.
She noted that the solution combines transaction monitoring, automated KYC and CDD processes, sanctions and PEP screening, risk assessment, case management, and regulatory reporting within a single ecosystem tailored to regional regulatory requirements.
Key capabilities of the platform include AI-driven transaction monitoring powered by behavioural analytics and anomaly detection, adaptive customer profiling that evolves with new data inputs, and enterprise-grade case management systems with role-based workflows. It also supports automated reporting in formats prescribed by regulators, including Suspicious Transaction Reports (STRs), Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and Financial Transaction Reports (FTRs).
Already deployed by financial institutions across multiple African markets, the platform offers a tested and scalable solution aligned with real-world regulatory environments.
Osunrinde added that as compliance teams respond to tightening AML requirements, institutions that adopt purpose-built, locally relevant technology solutions will be better positioned to meet regulatory expectations efficiently and strengthen their financial crime risk management frameworks.
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