3i Infotech launches anti-money-laundering solution

Mumbai, March 15 (PTI): Announcing its foray into the surveillance and fraud detection software market, 3i Infotech Ltd has launched its anti-money laundering and fraud detection software, “Amlock” in Florida.

The software has been tailored for insurance, banking and capital market intermediaries like brokerages, mutual funds and registrars, the company informed the Bombay Stock Exchange.

The company plans to target Amlock at the Insurance vertical in the USA, together with its Integrated Insurance Management Offering – Premia, it said.

The software is capable of providing round-the-clock transaction monitoring across the orgnization besides a wide array of predictive and early warning alerts by using artificial intelligenc techniques, it said

“Amlock is designed to meet the present day compliance challenges facing Insurance enterprises of all sizes,” 3i Infotech Inc., vice-president, Vivek Sethia, said.

“By offering an anti-money laundering solution that is powerful enough to support complex financial transactions operations on a single platform, Amlock establishes the consistent processes needed to monitor suspicious behaviour across the organization,” he added.

Courtesy

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