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IDBI Intech implementsanti money laundering solutions at LIC

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).

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“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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