Kara System

Automated and Intelligent Internal Fraud Detection System (Employees)

This system is a product based on rapid data processing related to the bank’s accounting documents and accounts. By receiving foreign exchange/Rial transactions from the bank’s branch and headquarters units, it facilitates automated and swift monitoring of compliance with accounting document issuance regulations, proper use of accounting accounts in the bank’s ledgers, and detection of fictitious deposits. Kara can also display strategic information based on aggregated periodic data of entities, aiding bank managers in decision-making.

The Kara system, in addition to having a rich set of rules regarding accounting accounts and document issuance, allows users to define and add new rules. The stakeholders of this system in the bank include departments such as the Inspection Department, Anti-Money Laundering and Counter-Terrorism Financing Department, Security Department, General Accounting Department, Central Funds/Accounts Department, Foreign Exchange Operations Department, Banking Information and Customer Department, Banking Systems Production and Support Department, and more.