New launch by IDBI Intech: Banking-Compliance-as-a-Service NEW

Delivering digital journeys, Integrating disruptive technologies

Banks and financial institutions are proactively investing in innovative digital technology to influence accurate decision making across the entire life cycle of customer’s journey. The empowered customer is forcing evolution of the technology stack that enables real-time contextually relevant experiences. We at IDBI Intech, integrate disruptive technologies, collaborate with digital ecosystem solutions to orchestrate seamless & efficient business technology integration. This brings in meaningful real-time personalized experience and accelerated business outcomes for customers

Embracing digital innovations for customer delight

Digital experiences are the new norms of customer delight. Digital experience provides meaningful value to customers. It targets frictionless user journey. Innovative digital outcomes to connect user needs, emotions and behaviour with service design, features and strategy with speed. We at IDBI Intech are demonstrating customer delight, embracing digital innovations using AI & ML though our flagship Fintech Solutions and digital ecosystem across the spectrum of BFSI landscape viz i–Customer on boarding, i@Connect^® (paymentmiddleware), i-Recon (Payment Reconciliation – PCI DSS Certified), i-NACH (National Automated Clearing House), WhatsApp Banking, i-AML^© (Anti Money Laundering), i-IRAC (Income Recognition and Asset Classification), i-AMS (Audit Management System), CRM (Customer Relationship Management), CVM (Customer Value Management) Applications.

Harnessing AI and ML for breakthrough innovations

AI & ML, one of the key differentiators in the BFSI Sector, is harnessed by IDBI Intech across its range of Fintech Solutions. We at IDBI Intech have been investing in re skilling our employees and building an innovation-oriented culture. It is this human capital, in tandem with AI & ML technologies, that is instrumental in creation of different fintech solutions such as: i@Connect^® (Payment Middleware), i-Recon (Payment Reconciliation – PCI DSS Certified), i-NACH (National Automated Clearing House), WhatsApp Banking, i-AML^© (Anti Money Laundering), i-IRAC (Income Recognition and Asset Classification), i-AMS (Audit Management System), i-CRM (Customer Relationship Management), i-CVM (Customer Value Management) Applications, i-Customer Intelligence.

Leveraging future-ready technologies, simplifying customer journeys

The digital journey is focussed on improving customer experience rather than just make a service look better. IDBI Intech’s fintech expertise helped in rolling out future ready technology products, integrating disruptive technologies with digital ecosystems to connect the dots in the entire life cycle of customer touchpoints for simplifying customer journey.

We at IDBI Intech recognize the key influencers in the customer journey and build solutions that are future ready. To mention a few: i-Customer on boarding i-API Hub, i–Corporate Liquidity Management Soultion, i-Customer Intellegence, i-Compliance as a service

Accelerating ahead of competition, doing things differently

IDBI Intech talent pool with its innovation driven culture, encourages employees to give shape to their out of box thinking within timeline along with high standard of governance.
IDBI Intech offers following differentiated Fintech Solutions:

Reconciliation platform using Block Chain Technology for ATM transactions
Payment transaction through WhatsApp banking
Customized solution for implementation of SWIFT GPI
Corporate Liquidity Management solution

Fintech Solutions of IDBI Intech are also supported on Open source platforms.

Delivering consistent profitable growth, "MAKING THE CUSTOMER WIN"

The evolution of Disruptive Technologies has led IDBI Intech to quickly adopt, adapt and execute Digital Strategies seamlessly. Ensuring Customers having an edge over their competitors is enabling IDBI Intech to be future relevant and achieve consistent Profitable Growth.

Disproportionate Investments for Digital innovation is the key charter for IDBI Intech in making "THE CUSTOMER WIN!".

IDBI Intech Ltd. an ISO 9001:2015 and ISO 27001 Certified Company

IDBI Intech Ltd. (Intech), a company incorporated in March 2000, is a wholly owned subsidiary of IDBI Bank Ltd. We are a Next-gen Technology Company led by Young Energetic Millennial with Innovative Digital Mindset, Integrating Disruptive Technologies to make "The Customer WIN". We harness Artificial Intelligence & Machine Learning for cognitive breakthrough innovations, joining the dots in the entire life cycle of digital customer experience & journey.

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Digital Solutions at IDBI Intech

Digital Technology Integration

Connected
Banking

Banking as a
Service

Our Innovative
Products

AI based
Applications

Innovative Products

i-AML^© (Anti Money Laundering Cloud Solution)

Governments around the world recognize the corrosive dangers that unchecked money laundering poses to their economic and political systems and have prescribed acts, rules and regulations for prevention of money laundering.

The Anti-Money Laundering tool developed by IDBI Intech is a state of the art application that gives the users unique features to effectively identify money laundering attempts in their organizations, report suspicious transactions to Regulatory Authorities and take preventive action / block the transactions, as per the Regulatory guidelines / Anti Money Laundering Act.

i@Connect^® (Middleware for RTGS / NEFT / SFMS / SWIFT)

i@Connect^® is a web based solution with a Straight Through Processing (STP) capability to process payment requests. It is a middleware connecting Core Banking application / Trade Finance / Demat / Treasury systems with the Payment systems like RTGS, NEFT, SWIFT, etc. It helps to process large volumes of transactions in no time, without manual intervention. i@Connect^® a middleware for RTGS / NEFT / SFMS / SWIFT avoids duplication of data entry, ensures data integrity and eliminates any scope for errors of Omission and Commission.

i-RECON (i-Recon Enterprise wide Reconciliation & Settlement System)

Reconciliation & Accounting of bank's payment transactions is always a tedious task. Banks act as issuer and acquirer bank of various payment channels facilitated by various financial networks such as NPCI, VISA, MasterCard, CashNet, Amex, UPI, JPI etc. for ATM, POS and Digital Banking payments.

The i-Recon product of IDBI Intech is designed on latest AI based technologies to meet the reconciliation and settlement of daily transactions from various sources like NPCI (NFS / RuPay), VISA, MasterCard, CashNet, Amex for ATM & POS, ATM Cash In Accounting using EJ / CBS / Switch / CBR (C3R), Digital Banking transactions like IMPS / UPI / BBPS / AePS etc., digital wallets, Card to Card transactions, Contactless Cards, Nostro Accounts (Swift), Dividend etc. up to the maximum possibility of matching and in highly efficient time bound manner. i-Recon is purely future proof and it is ready to adopt upcoming payment channels.

WhatsApp Banking

Enhanced customer reach
Quick services to IDBI Bank customers
Presence on biggest social media platform
Reduction in branch visit by customers

i-IRAC (Income Recognition and Asset Classification)

i-IRAC is a web based solution for NPA management, based on rules and conditions, designed as per the regulatory norms of Income Recognition, Asset Classification and provisioning requirements. The solution helps to ascertain the status of the Loans and Advances accounts at any given point of time and not necessarily only at the quarter ends. It also provides for the asset classification and provisioning at the Head Office level without involving the branches.

i-Corporate Liquidity Management Solution

Treasuries of Big corporates are finding it difficult to handle cash management related information since they have accounts with multiple Banks and do not have a bird’s eye view on how to consolidate their funds and manage the liquidity within the organization effectively.

Banks are also in constant need of tools that can help them to take informed decisions, While at one side wherein most of the data comes from rating agencies, Banks are in better position to trust their own data in form of Past history records and transaction of Corporate Customers.

We at IDBI Intech have built Solutions that will help the Corporate customers to address to their liquidity issues and at the same time open up a revenue stream for Banks for the value add services they can provide to their customers.

Our Innovative Products

i-AML^© (Anti Money Laundering Cloud Solution)

i@Connect^® (Middleware for RTGS / NEFT / SFMS / SWIFT)

i-RECON (i-Recon Enterprise wide Reconciliation & Settlement System)

Whatsapp Banking

Enhanced customer reach
Quick services to IDBI Bank customers
Presence on biggest social media platform
Reduction in branch visit by customers

i-IRAC (Income Recognition and Asset Classification)

i-Corporate Liquidity Management Solution

Banking-Compliance-as-a-Service

IDBI Intech launches BFSI solutions under “Banking-Compliance–as-a–Service”; Anti Money Laundering (i-AML^©) & Payment Reconciliation (i-Recon) PA-DSS Certified: powered by Yotta Enterprise Cloud.

i-AML^© a Comprehensive Enterprise Wide Anti Money Laundering solution with built-in robust analytical tools, Parameterized Customer Risk Profiling, integrating with multiple watch-list along with APIs for customer on-boarding and Online transaction monitoring. Capable of processing more than 24 crore Customer-Base for a Single Entity.

i-Recon (PA-DSS Certified) is an Enterprise Wide Reconciliation, Settlement and Dispute Management solution Harnessing AI & ML Technology. Capable of processing 1.5 million transactions / per minute with upto 99.9% Intelligent Matching with T+1 TAT as per the Regulator and real time proactive adjustment possibility. Solution is Capable to handle exponential increase in transaction volumes without additional cost to client and is easily customizable.

Most Promising Business Leaders of Asia 2020-21

IDBI Intech MD & CEO, Surajit Roy, recognized by The Economic Times as one of the Most Promising Business Leaders of Asia 2020-21

Press Releases

Banking Frontiers Technoviti Award 2019