IDBI Intech implementsanti money laundering solutions at LIC

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IDBI Intech Ltd, a subsidiary company of IDBI Bank on Tuesday said that “It has successfully implemented their iAML (Anti Money Laundering) solutions at Life Insurance Corporation of India (LIC).

“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,” IDBI Intech in its statement said.

Speaking on the Development, 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 honor to be associated with LIC in their digital journey.”

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