Manuscript Number : SHISRRJ225528

Building a Compliance Monitoring System for Regulated Microfinance Institutions with BI Tools

Authors(2) :-Okeoghene Elebe, Chikaome Chimara Imediegwu

In the face of tightening regulatory frameworks and increasing demand for financial transparency, regulated Microfinance Institutions (MFIs) must adopt robust compliance monitoring systems to ensure adherence to statutory requirements and risk management protocols. This review paper explores how Business Intelligence (BI) tools can be harnessed to build effective, scalable, and real-time compliance monitoring systems tailored to the unique operational context of MFIs. Drawing from recent advancements in BI architectures, data integration strategies, and compliance analytics, the study synthesizes best practices in data governance, reporting automation, and regulatory signal detection. It also analyzes how BI-driven dashboards, audit trails, and exception reporting can enable proactive compliance and reduce the cost of regulatory oversight. By integrating literature across financial regulation, BI technologies, and microfinance operations, the paper proposes a conceptual framework that aligns technical implementation with regulatory objectives. The review highlights the critical roles of data interoperability, rule-based engines, and AI-enhanced alert mechanisms in building adaptive compliance ecosystems, particularly in underserved and digitally transforming economies. The study concludes with recommendations for institutional design, staff capacity development, and policy support necessary to drive BI-enabled compliance innovation in the microfinance sector.

Authors and Affiliations

Okeoghene Elebe
Access Bank PLC, Nigeria
Chikaome Chimara Imediegwu
Access Bank PLC, Nigeria

Compliance Monitoring, Microfinance Institutions, Business Intelligence (BI), Regulatory Technology (RegTech), Data Governance, Financial Supervision.

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Publication Details

Published in : Volume 5 | Issue 5 | September-October 2022
Date of Publication : 2022-09-10
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 199-223
Manuscript Number : SHISRRJ225528
Publisher : Shauryam Research Institute

ISSN : 2581-6306

Cite This Article :

Okeoghene Elebe, Chikaome Chimara Imediegwu, "Building a Compliance Monitoring System for Regulated Microfinance Institutions with BI Tools", Shodhshauryam, International Scientific Refereed Research Journal (SHISRRJ), ISSN : 2581-6306, Volume 5, Issue 5, pp.199-223, September-October.2022
URL : https://shisrrj.com/SHISRRJ225528

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