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

  • Finance
  • August 31, 2021
  • 0 Comments

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.

Related Posts

  • Finance
  • February 10, 2025
  • 13 views
Balu Forge Industries Ltd announces Q3FY25 Financial Results, PAT rises 134.09 Percent YoY to INR 590.06 Mn

Mumbai (Maharashtra) [India], February 10: Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its unaudited Consolidated Financial Results for the quarter ended 31st December 2024,…

  • Finance
  • February 8, 2025
  • 16 views
Sanddoge The most expensive and most luxury meme token of the 2025

Dubai [UAE], February 08: A meme coin (also spelled memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic. The term is sometimes used…

You Missed

WHY NOT FITNESS Opens Its Doors in Khar – Redefining Fitness with Innovation and Excellence

  • By
  • February 18, 2025
WHY NOT FITNESS Opens Its Doors in Khar – Redefining Fitness with Innovation and Excellence

IDT Presents: Style and Safety – Designer Helmets for a Safer Surat

  • By
  • February 15, 2025
IDT Presents: Style and Safety – Designer Helmets for a Safer Surat

Vedanta’s “Project Sangam” empowers Kalahandi farmers through strawberry cultivation

  • By
  • February 14, 2025
Vedanta’s “Project Sangam” empowers Kalahandi farmers through strawberry cultivation

Abhijeeth Bhattacharjee and Sangitanjaly Foundation Pay Tribute to Ustad Zakir Hussain at Assi Ghat, Varanas

  • By
  • February 13, 2025
Abhijeeth Bhattacharjee and Sangitanjaly Foundation Pay Tribute to Ustad Zakir Hussain at Assi Ghat, Varanas

Arrow Greentech Ltd. Showcases Sustainable Water-Soluble Film Innovation at ICSCE Buyer-Seller Meet 2025

  • By
  • February 10, 2025
Arrow Greentech Ltd. Showcases Sustainable Water-Soluble Film Innovation at ICSCE Buyer-Seller Meet 2025

Waste Crisis Exposed: Are We Ignoring the Reality?

  • By
  • February 7, 2025
Waste Crisis Exposed: Are We Ignoring the Reality?