Banks face the onerous task of compliance reporting . They need to continuously stay up-to-date with changing South African Reserve Bank ( SARB ) requirements . When banks are not compliant with these requirements , heavy fines and reputational risks result . Mohammed Kaka , COO , AlBaraka Bank , tells Intelligent CIO Africa why the bank had to modernise its core banking platform to comply with the SARB reporting requirements .

Mohammed Kaka , COO , Albaraka Bank

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