The solution will run by harnessing sophisticated analytics, workflow, and artificial intelligenceIDBI Intech Limited, a leading information technology business, executed an Anti Cash Laundering solution at the nation's insurance coverage giant - Life Insurance coverage Corporation of India (LIC).

The technology-led organization change organisation uses specialised solutions in the banking, monetary services, and insurance coverage (BFSI) verticals.The iAML (Anti Money Laundering) solution which is carried out at LIC, will offer an enterprise-wide single view of threat - compliance at the deals and client level, according to a declaration shared by IDBI Intech.The reporting system will run by utilizing innovative analytics, workflow, and expert system (AI) with a thorough set of pre-built rules and scenarios.

The Mumbai-based dominant FinTech services and products organization focuses on strategic niche digital changes for its clients.Part of the leading commercial IDBI Bank, IDBI Intech likewise leverages next-generation innovations consisting of blockchain, cybersecurity, expert system, and machine learning.

We are humbled at the opportunity to serve the nation's earliest and most relied on insurance service provider with our state-of-art Anti Cash Laundering solution.

It is an honour to be related to LIC in their digital journey, said Mr.

Surajit Roy, MD - CEO, IDBI Intech Limited.On Thursday, September 9, shares of IDBI Bank settled 0.91 percent lower at Rs 38.30 each on the BSE.

IDBI Bank opened at Rs 38.65 and registered an intra day high of Rs 38.90 and an intra day low of Rs 38.15, throughout the trading session today.With more than 500 million policies and an overall asset base of over Rs.

31 trillion, LIC is one of the biggest insurance companies worldwide.

The federal government expects to raise around Rs 80,000 crore-Rs 90,000 crore from its stake sale in LIC, in what is set to be the country's biggest-ever initial public offering (IPO).