IDBI Intech Ltd., the technology led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals, today announced that it has successfully implemented their iAML (Anti Money Laundering) solution at insurance provider, the Life Insurance Corporation of India (LIC).
IDBI Intech Ltd is a technology-led business transformation company specializing in the BFSI Sector. Incorporated in the year 2000, it is a wholly-owned subsidiary of IDBI Bank.
iAML will be providing 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.
Speaking on the successful implementation of Anti Money Laundering solution, Surajit Roy, Managing Director and Chief Executive Officer, 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.”