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IDBI Intech Limited, a leading information technology company, implemented an Anti Money Laundering solution at the country’s insurance giant – Life Insurance Corporation of India (LIC). The technology-led business transformation organisation offers specialised solutions in the banking, financial services, and insurance (BFSI) verticals. The iAML (Anti Money Laundering) reporting system solution which is implemented at LIC, will provide an enterprise-wide single view of risk & compliance at the transactions & customer level, according to a statement shared by IDBI Intech.
The reporting system solution will operate by harnessing advanced analytics, workflow, and artificial intelligence (AI) with a comprehensive set of pre-built rules and scenarios.
“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,” said Mr. Surajit Roy, MD & CEO, IDBI Intech Limited.
