NBE Directives Compliance
Map applicable licensing, reporting, liquidity, provisioning, and governance requirements to the institution approved operating model.
Compliance
NBE Compliance
Controls, reports, audit evidence, and monitoring workflows aligned to Ethiopian financial-institution compliance work.
NBE Directives Compliance
KYC/AML Requirements
Prudential Reporting
Capital Adequacy (CAR)
Loan Classification & Provisioning
Reserve Requirements
Regulatory Framework
Support for Ethiopian Regulatory Workflows
SelamNow helps institutions prepare the records, controls, reports, and approval evidence needed for National Bank of Ethiopia review. Account opening, KYC, loan classification, provisioning inputs, liquidity monitoring, and audit trails are handled inside the operating workflow instead of scattered spreadsheets.
Compliance Coverage
NBE Compliance Areas
KYC/AML Requirements
Assess customer due diligence, screening, transaction monitoring, and case-review workflows against current applicable requirements.
Prudential Reporting
Review report definitions, calculations, source records, reconciliation, and supervisory submission procedures before use.
Capital Adequacy (CAR)
Configure capital and risk-weighting inputs under institution-approved policies; validate calculations independently.
Loan Classification & Provisioning
Review aging, classification, collateral, and provisioning rules against the current requirements applicable to the institution.
Reserve Requirements
Confirm reserve calculation inputs, thresholds, reporting frequency, and review responsibilities with the institution.
Cooperative Governance
Assess member rights, share capital, dividends, credit committees, and governance records for the institution legal form.
Data Residency & Security
Deployment options can be aligned with Ethiopian data-residency expectations, access controls, encryption, audit logging, and disaster-recovery requirements.
Financial Reporting Standards
Map chart of accounts, financial statements, and reporting policies for finance-team and auditor review.
Regulatory Directives
NBE Directives Built Into SelamNow
SelamNow implements technical controls and automated workflows for key NBE directives affecting SACCOs, microfinance institutions, and banks operating in Ethiopia. Each directiveโs requirements are embedded into core banking operations, eliminating manual compliance work.
Savings and Credit Cooperatives Licensing
Confirm the current licensing framework, authority, membership, capital, and reporting obligations for the cooperative.
Microfinance Institutions Licensing
Review licence conditions, capital requirements, portfolio rules, and reporting obligations for the institution.
Loan Classification & Provisioning
Review aging, classification, collateral, and provisioning rules against the current requirements applicable to the institution.
Anti-Money Laundering & CFT
Review due diligence, beneficial ownership, monitoring, reporting, and officer approval requirements.
Reserve Requirements
Confirm reserve calculation inputs, thresholds, reporting frequency, and review responsibilities with the institution.
Interest Rate Restrictions
Validate product rates and disclosures against the current rules applicable to the product and institution.
Cooperative Governance Requirements
Review voting, shares, dividends, reserve allocation, and assembly records with the institution legal and governance teams.
Portfolio Quality Monitoring
Define approved delinquency buckets, provisioning policies, write-off controls, and portfolio review outputs.
KYC/AML Compliance
Know Your Customer & Anti-Money Laundering
SelamNowโs KYC/AML module ensures compliance with NBE Directive AML/01/2021 and international FATF (Financial Action Task Force) standards. Every customer onboarding, transaction, and relationship change is monitored for compliance with Ethiopian AML regulations and suspicious activity indicators.
Customer Due Diligence (CDD)
Mandatory KYC document collection (ID, Kebele ID, proof of address). Photo capture, biometric fingerprint integration, beneficial ownership disclosure for organizations, and risk-based enhanced due diligence (EDD) for high-risk customers.
PEP Screening
Assess approved screening sources, re-screening schedules, escalation, and officer approvals. Provider access requires agreements.
Transaction Monitoring
Configure institution-approved risk indicators and thresholds, then validate alert handling and officer review.
Suspicious Activity Reporting (SAR)
Automated suspicious transaction detection with case management workflow. Compliance officer review queue, investigation notes, FIC reporting interface, and audit trail of all AML decisions and SAR submissions.
Sanctions Screening
Agree screening sources, matching policies, exception handling, and updates before enabling screening.
Record Keeping
Define retention, access, encryption, retrieval, and deletion rules under current legal and institution policies.
Regulatory Reporting
Automated NBE Report Generation
SelamNow can generate regulatory reporting packs from posted transactions, customer records, loan classifications, provisioning inputs, and ledger balances. The aim is to reduce spreadsheet handling and preserve the audit trail behind each figure.
Monthly Prudential Reports
Agree report scope, frequency, templates, data sources, reconciliation, and submission responsibilities.
Quarterly Portfolio Quality Reports
Review portfolio aging, classifications, provisioning, and branch or product breakdowns against agreed definitions.
Annual Financial Statements
Review statement mappings and source records with the finance team and independent auditors.
Reserve Requirement Reports
Validate reserve calculations and reporting procedures under the applicable institution requirements.
AML/CFT Reports
Prepare reviewed case records and approved reporting procedures. Automated submission or authority acceptance is not claimed.
Membership & Governance Reports (SACCOs)
Member register updates, share capital statements, dividend distribution reports, general assembly meeting minutes, credit committee decisions, and cooperative governance compliance documentation.
Ethiopian Banking Features
Built for Ethiopian Financial Institutions
Beyond regulatory compliance, SelamNow includes Ethiopian-specific features that make the platform natural for Ethiopian bankers, members, and regulators. These features demonstrate our commitment to serving the Ethiopian market with localized, culturally appropriate technology.
Amharic Language Support
Full Amharic user interface including right-to-left text rendering, Amharic number formatting, localized date/time displays, and Amharic report generation. Oromo and Tigrinya language support also available.
Ethiopian Calendar Integration
Dual calendar support: Gregorian and Ethiopian (แจแขแตแฎแตแซ แแแ แ แแฃแ แญ). Account opening dates, loan maturity dates, and financial periods displayed in both calendars. Ethiopian fiscal year alignment (Hamle 1 - Sene 30).
Ethiopian Birr (ETB) Native
Ethiopian Birr as primary currency with proper symbol (Br) and formatting. Cent/Santim fractional currency support. Multi-currency capabilities for foreign currency accounts (USD, EUR, GBP) with NBE exchange rates.
NBE Chart of Accounts
Pre-configured chart of accounts matching NBE requirements for SACCOs, MFIs, and banks. Account code structures, financial statement mapping, and reporting hierarchies aligned with NBE specifications.
Mobile Money Integration
Proposed connectivity, subject to provider agreements and certification, with Ethiopian mobile money providers (M-Birr, HelloCash, Amole, ebirr). Real-time loan repayment via mobile wallet, account balance inquiries, and reconciliation with NBE mobile money directives.
Ethswitch Connectivity
Integration with Ethiopia's national payment switch (Ethswitch) for interbank transfers, ATM withdrawals, and POS transactions. Real-time settlement, transaction reconciliation, and Ethswitch compliance reporting.
Ethiopian Addressing
Ethiopian address formats including Region, Zone, Woreda, Kebele, and House Number fields. Integration with Ethiopian postal codes and location-based reporting for branch networks and member distribution.
Ethiopian ID Validation
Support for Ethiopian national ID cards, Kebele IDs, driver's licenses, and passports. ID number validation, expiration tracking, and document scanning with KYC documentation retention for institution review.
Risk Management
Prudential Risk Monitoring & Controls
SelamNow risk monitoring helps teams watch prudential indicators, loan quality, liquidity, concentration, approval exceptions, and policy breaches before they become unresolved findings.
Credit Risk Management
Automated credit scoring, loan-to-value (LTV) ratio enforcement, single borrower limits (max 25% of capital for SACCOs), group lending exposure limits, and collateral valuation tracking with margin requirements.
Liquidity Risk Monitoring
Real-time liquidity ratio calculations (minimum 15% for SACCOs), cash flow forecasting, maturity mismatch analysis, and automated alerts when liquidity falls below NBE thresholds.
Interest Rate Risk
Interest rate sensitivity analysis, gap analysis for fixed vs. variable rate portfolios, and compliance monitoring with NBE interest rate restrictions (maximum 16% on microloans).
Concentration Risk
Automated monitoring of portfolio concentration by sector, geography, borrower type, and loan size. Alerts for excessive concentration and enforcement of NBE diversification requirements.
Operational Risk Controls
Maker-checker workflows, transaction limits, dual authorization for high-value transactions, password policies, session timeouts, and comprehensive audit logging of all user actions.
Dashboard & Reporting
Executive risk dashboard showing all key risk indicators in real-time: CAR, NPL ratio, liquidity ratio, reserve compliance, concentration metrics, and trend analysis with NBE benchmark comparisons.
Audit & Documentation
Audit Trail and Examination Readiness
Transactions, configuration changes, approvals, and user actions are logged so teams can trace a reported figure back to source activity. This keeps examination preparation closer to daily operations instead of a separate document hunt.
Audit Logs
Immutable audit trails for all transactions showing user ID, timestamp, IP address, before/after values, and approval chains. Logs retained for NBE-required 5+ years with instant search and export capabilities.
Maker-Checker Workflows
Mandatory dual authorization for sensitive operations: loan approvals above thresholds, account opening for high-risk customers, bulk uploads, interest rate changes, and system configuration updates.
Document Management
Centralized repository for all NBE compliance documents: KYC files, loan applications, collateral valuations, board minutes, policy documents, and regulatory correspondence with version control and access tracking.
NBE Examination Reports
One-click generation of examination packages including loan files, financial statements, prudential reports, KYC documentation, AML cases, and compliance attestations formatted for NBE examiner review.
Our Compliance Journey
How We Plan Compliance Validation
Compliance validation requires current rule review, institution input, documented calculations, security assessment, and supervisory submission procedures. The following steps describe the evaluation approach, not completed certification or approval.
Local partnership network
Plan review with institution compliance, operations, legal, and technology stakeholders. Named relationships require publication consent.
NBE Directive Analysis
Identify current applicable directives and map each requirement to controls, calculations, or reporting evidence.
Institution Collaboration
Agree evaluation scope and data permissions before using institution records or publishing any collaboration.
Automated Calculation Engines
Evaluate calculation rules with documented test cases and independent finance-team reconciliation.
Report Template Development
Review templates and submission procedures with the institution; no supervisory approval is claimed.
Security & Data Residency
Agree deployment location, security controls, independent assessment, and recovery requirements before rollout.
Ethiopian Localization
Review required languages, calendars, currencies, and customer disclosures for the agreed deployment scope.
Validation & Testing
Pilot and production use require institution approvals and independently reviewed operational evidence. Production approval is not asserted.
Documentation & Training
Agree role-specific materials and training for compliance, reporting, and operational review.
DirectivesEvaluation scope
TemplatesEvaluation scope
ResidencyEvaluation scope
AuditEvaluation scope
Designed for Ethiopian SACCOs, MFIs, and financial institutions evaluating core banking with automated regulatory reporting and risk management
Next step
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