I&M Group PLC has entered a strategic partnership with ThetaRay, a global leader in cognitive AI for financial crime compliance, to enhance its anti-money laundering (AML) capabilities across East Africa.
The rollout, announced on Wednesday, will cover I&M’s operations in Kenya, Tanzania, Rwanda, Uganda, and Mauritius.
The bank will deploy ThetaRay’s advanced AI-powered AML platform to unify and automate its entire compliance lifecycle — including onboarding, sanctions screening, customer risk assessments, transaction monitoring, and regulatory reporting. This shift aims to replace fragmented, manual systems with a streamlined, intelligence-led approach.
Jamie Loden, COO of I&M Bank, welcomed the partnership, saying, “ThetaRay’s technology sets a new standard for managing financial crime risk by integrating compliance tasks into one powerful, AI-driven platform.”
Echoing the sentiment, Zipporah Gitau, I&M Group’s Chief Risk and Compliance Officer, said the collaboration aligns with the region’s evolving regulatory demands: “We are positioning I&M as a leader in proactive risk governance and regional growth.”
The platform introduces key innovations such as ThetaRay’s Generative AI Risk Catalogue, enabling compliance teams to tackle emerging threats with explainable, regulator-aligned tools. It will support a wide range of banking services, including retail and trade finance, investment banking, and digital wallets.
ThetaRay CEO Peter Reynolds praised the move as a forward-looking investment in both regulatory agility and long-term growth: “I&M Group is setting a new benchmark in East Africa by embracing AI-first compliance.”
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