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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Amigos IAS 21st Century IAS Academy Celebrates Remarkable Results in UPSC 2022

Hyderabad (Telangana), May 27: Amigos IAS 21st Century IAS Academy in Ashok Nagar, Hyderabad, is proud to celebrate the remarkable achievements of its students in the UPSC 2022 examinations. As the No. 1 IAS Academy in the region, Amigos IAS, formerly 21st Century IAS Academy, has consistently produced outstanding results since its establishment in 2003. […]

Read More
Press Release

Women’s Health Day – Top 10 Gynaecologists Advice on Rising issue of Infertility Rate

New Delhi (India), May 27: On this Women’s Health Day, we embark on a journey that explores the profound impact infertility has on countless women and couples worldwide. The longing for a child, an innate desire to nurture and create life, can become a formidable emotional burden when fertility struggles arise. However, with advancements in medical […]

Read More
Press Release

Indian Family Shines on the Cannes Red Carpet: Ramesh Gowani and Family Make Their Presence Felt

Mumbai (Maharashtra) [India], May 27: The 75th edition of the Cannes Film Festival witnessed a spectacular display of glamour and style, with several Bollywood stars and influencers making their mark on the coveted red carpet. Amidst the glitz and glamour, an Indian family stood out, captivating attention and leaving an indelible impression on the international […]

Read More