IDBI Intech Implements Anti Money Laundering Reporting System Solution At Life Insurance Corporation Of India (LIC)
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IDBI Intech implements its innovative Anti Money Laundering solution at Life Insurance Corporation of India (LIC)
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June 29, 2021 @ 11:07 pm By Priyanka Pani
IDBI Intech Ltd, the technology services arm of Indian lender IDBI Bank, is looking to expand its operations into markets such as Europe, South East Asia, and Japan. The company, which provides tech and digital regulatory compliance services, is looking to acquire a few fintech companies to boost its revenue offerings even as financial institutions across the globe are looking to step up regulatory compliance spends at $5.6 billion by 2024.
Financial daily Business Standard reported quoting
IDBI Bank’s MD and CEO Surajit Roy that IDBI Intech is already in talks to acquire a few fintech firms to boost revenue offerings.