IDBI Intech implements its innovative Anti Money Laundering solution at Life Insurance Corporation of India (LIC)

Mumbai (Maharashtra) [India], August 31: IDBI Intech Ltd., the technology-led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals, has successfully implemented their iAML (Anti Money Laundering) solution at India’s insurance giant, the Life Insurance Corporation of India (LIC).

IDBI Intech is a dominant FinTech products and services organisation – focusing on strategic niche digital transformations for its clients.

IDBI Intech has made steady investments in the latest industry solutions for the BFSI sector, with cutting-edge technology, customer satisfaction and market demand as top priorities. The next-generation technologies currently being leveraged include Blockchain, Cybersecurity, Artificial Intelligence and Machine Learning.

iAML will provide an Enterprise-Wide Single View of Risk & Compliance at transactions & customer level, harnessing Advanced Analytics, Workflow and Artificial Intelligence with a comprehensive set of pre-built rules and scenarios.

LIC Officials expressed their happiness to implement the software as it will help them upgrade their Anti Money Laundering reporting system. Acknowledging the trust and faith reposed by LIC in IDBI Intech Ltd., Mr. Surajit Roy, MD & CEO, IDBI Intech Ltd., said, “We are humbled at the opportunity to serve the nation’s oldest and most trusted insurance provider with our state-of-art Anti Money Laundering solution. It is an honour to be associated with LIC in their digital journey.”

With over 500 million policies and an overall asset base of over US$ 415 Bn (Rs. 31 trillion), LIC is one of the largest insurance companies in the world and has acknowledged Intech’s Digital Transformation solutions by implementing its cutting edge iAML solution.

The post IDBI Intech implements its innovative Anti Money Laundering solution at Life Insurance Corporation of India (LIC) first appeared on PNN Digital.

Atlas ProBiz 2.0 automobiles BNI Atlas Business Business News Finance food & beverage Harsh Tanna Director of H2O Carzspa and member of manufacturing PNN News premier business expo Press Release Real Estate retail travel Yash Vasant Founder and Executive Director of BNI

Ahmedabad’s ultimate business expo Atlas ProBiz 2.0 begins

​Over 2,000 visitors to converge at the expo in two days to supercharge business growth and networking ahead of the festive season.​​​ Ahmedabad (Gujarat) [India], September 30: The highly anticipated Atlas ProBiz 2.0, the flagship business expo organised by the BNI Atlas chapter, kicked off with tremendous enthusiasm on Friday. Yash Vasant, Founder and Executive Director […]

Read More
Business News Finance Plaza Cables Plaza Wires PNN News Press Release Sanjay Gupta

Plaza Wires Ltd plans Public Issue of up to Rs. 71.28 crore to fund its expansion plans

New Delhi [India], September 25: Plaza Wires Ltd, a company in the business of manufacturing, marketing and selling of wires, aluminium cables and fast-moving electrical goods, is planning to raise up to Rs. 71.28 crore from its public issue. Company has a fixed price band of Rs. 51-54 per equity share. The fresh issue of 1.32 crore […]

Read More
Business News Finance PNN News Press Release

HDB Financial Services Celebrates World Physiotherapy Day with Truck Drivers

HDB Financial Services organized a Physiotherapy and Health Clinic for Truck Drivers Mumbai (Maharashtra) [India], September 9: On the global observance of World Physiotherapy Day, HDB Financial Services (HDBFS), India’s leading NBFC, takes the opportunity to acknowledge the hard work and dedication of truck drivers by organising free physiotherapy camps for the community. The camps […]

Read More