Nepal’s Fintech enhancement through groundbreaking partnership.

Kathmandu, Nepal & Singapore, August 28, 2024 – Techrida, a leading IT services and Fintech service provider in Nepal, has announced a strategic partnership with JFourth Solutions (“JFourth”), a renowned Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) consulting and training company based in Singapore. This collaboration aims to bolster the compliance infrastructure of Nepal’s rapidly growing Fintech industry. Through an integration of advanced AML/CFT solutions and expert training programs.

The partnership between Techrida and JFourth marks a significant milestone in the development of Nepal’s financial technology sector. Fintech service adoption is on the rise among Nepali consumers, highlighting an increasing need for robust regulatory compliance in the country’s growing industry. Over the past year alone, reported 5,312 incidents of banking fraud and financial crime in Kathmandu Valley.