NATIONAL MICROFINANCE BANK
Expression of Interest (EOI) for Implementing Anti-Money laundering (AML) System
NMB Bank PLC is Tanzania’s leading retail bank, both in customer base and branch network. With over3 Million customers, about 228 branches, over 800 ATM’s and about 7,000 NMB Wakala Agents, NMB is represented in 100% of Tanzania’s districts. NMB serves individuals, micro and small enterprises as well as larger businesses. NMB has a strong financial record, based on years of strong and stable performance. NMB is listed at the Dar Es Salaam Stock Exchange. NMB’s largest shareholders are lts strategic partners Rabobank with a 34.9% share and the Government of Tanzania with a 31.9% share.
The NMB Bank Plc. has set funds tor the year 2019 towards its Capital Expenditure Budget intending that part of these funds will be utilized on anti-money laundering solution as to comply with regulatory requirement of transaction monitoring and regulatory reporting of AML, (FT plus sanction screening
The NMB Bank Plc. Management Tender Committee now Invites eligible, qualified and experienced vendors to apply for Expression of interest for the implementation of the solution. The Selection and final shortlisting of vendors will be conducted through the Open (competitive Tendering Procedures as specified in the NMB Plr. Procurement Policy and Procedures.
This is not a request for proposals henceforth after a review of the submitted proposals for the expression of interest, a shortlist will be prepared. Shortlisted vendors will be invited to submit their financial and technical proposals through a request for proposal document which Will be shared.
The selection /short lusting Criteria will include:
- Possession of registration certificate from relevant authorities, business license, company certificate of incorporation, TIN, VAT Registration.
- The company must have not less than five years’ experience in Implementing similar solution for similar project magnitude
- The company must have completed projects of similar nature and complexity in different organizations.
- Indicate the list of at least five projects similar nature and complexity in the past five years.
- Submit the list of key technical staff with their (Vs demonstrating their ability to carry out the assignment
- Documentary evidence of financial capability, experience and capacity to undertake the assignment including two (3) years company audited financial reports. Current physical lotation (which will be Inspected for verification); that is a valid right of occupancy of office premises or lease contract
- Submission of certified power of attorney document
- Submission of certified declaration on Litigation information regarding your firm.
Please note that in assessing the submissions, consideration will be given to the qualifications, experience on similar assignments and capacity to undertake the assignment. Only vendors with demonstrated experience and excellent track records in similar assignments Will be considered for shortlisting.
The solution will integrate with other NMB systems for AML analysis on all customer transactions. The high-level scope of this project will include but not limited to the following:
a.Transaction Monitoring
- Rules Management
- Case Management
- Alerts Management
- Customer Risk Profiling
- Fraud Detection & Prevention
b.Regulatory Compliance and Reporting
- STR / 5510 Reporting
- KYC and (DD capabllities
- Risk Categorization
- comply with FATF Recommendation.
c Security: the use of the absolute highest security standards and features ensuring conhdentiality, integrity and availability of NMB’s data.
- Performance: capable to support high throughput during peak hours and process multiple concurrent transactions from all branches
- Flexibility: Platform should be flexible and accommodate technology changes in accordance to bank’s dynamic requirements.
- Scalability Bank need the platform solution which will meet most of the incoming need for advanced transaction monitoring solutions. Possibility to scale up for better utilization of the system.
- Support: Bank requires a full support of the implemented solution since our service through the platform is 24/7 with no downtime tolerance.
The interested eligible vendors may obtain further information from the Office of the Secretary, NMB Tender Committee, situated at NMB Head office Ohio/Ali Hassan Mwinyi Street from 08H00 to 16H00 hours Monday to Friday except on public holiday;
The deadline for submission of the applications will be at 15H00 ch 30′” April, 2019. Expression of Interest received will be opened promptly thereafter and in the presence of tenderers representatives who choose to attend in the opening ceremony at NMB Bank Plc Head office on the first floor at 15H00 on 30m April, 2019 The expression of interest must be delivered, in a sealed envelope or by courier to the Secretary NMB Tender Committee Ohio Street/Ali Hassan Mwinyi Road, P 0 Box 9213, Dar es Salaam, Tanzania, NMB Bank Plc Head Office on the first floor. The outer cover shall be clearly marked: Expression of Interest for Implementing Anti-Money Laundry (AML) System Not to Be Opened Before 15H00 on 30th April 2019
Late tenders, portion at tenders, electronic tenders, and tenders not received and tenders not opened and not read out aloud in public at the bid opening ceremony shall “°l be accepted f‘” evaluation irrespective of the circumstances.
Hand delivered applications may be deposited at the ”TENDER 80X” located on the hrs! floor NMB Bank Plc Head Office at the Ohio Street/Ali Hassan Mwinyi Road.
The Expression of interest must be delivered in sealed envelopes to the following address on or before 15H00 hours on 30th April. 2019.
The Managing Director, NMB Bank Plc
P.0. Box 9213, Dar Es Salaam, Tanzania.
NMB Head Office OhIo/Ali Hassan Mwinyi Street
www.nmbbank.co.tz
Source; Daily News
Date; 17/04/2019
