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IDBI Intech Implements Innovative Anti Money Laundering Solution at LIC 

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IDBI Intech implements its innovative Anti Money Laundering solution at LICIDBI Intech Limited, a technology-led business transformation organisation, has implemented its iAML (Anti Money Laundering) solution at Life Insurance Corporation of India(LIC), an Indian statutory insurance and investment corporation.

  • IDBI Intech Ltd offers various specialised solutions in the banking, financial services and Insurance(BFSI) sector.

About iAML:

iAML will provide an Enterprise-Wide Single View of Risk & Compliance at the transactions and customer level harnessing advanced analytics, workflow and AI with a set of pre-built rules and scenarios.

Key Points:

i.IDBI Intech focuses on the strategic niche digital transformation of their clients.

ii.IDBI Intech has invested in the latest industry solutions for the BFSI Sector, with cutting edge technology, customer satisfaction and market demands as top priorities.

iii.Next-generation technologies like blockchain, cybersecurity, artificial intelligence(AI) and Machine Learning are utilised to provide solutions to their clients.

Recent Related News:

On July 20, 2021, the Life Insurance Corporation of India (LIC) launched a non-linked, non-participating, regular premium, individual, health insurance plan named – ‘Arogya Rakshak’ to provide fixed benefit health insurance cover against certain specified health risks.

The plan was launched by M Jagannath, Zonal Manager (South Central Zone) of LIC.

About IDBI Intech Limited:

MD & CEO– Surajit Roy
Headquarters– Navi Mumbai, Maharashtra
Incorporated in 2000

About Life Insurance Corporation of India(LIC):

Chairman– M R Kumar
Headquarters– Mumbai, Maharashtra
Establishment– 1956