Innovative RegTech Combatting Financial Crime
Processing 1825 Million Annual Transactions for Leading Commercial Bank with 2.3 Billion Customer base
World Class Enterprise-wide reconciliation & settlements system PA-DSS Certified
48 Million Daily Transactions for Banking Customer
16 Million Daily Transactions for Insurance Customer
End-to-End Banking System Integrator since 2 decades
Integrated Payments Portfolio
Payments Middleware, Automated Clearing House, Payments Reconciliation for Leading Commercial Banks
Delivering Digital Journey’s, Integrating Disruptive Technologies and Delivering Consistent Profitable Growth, “Making the Customer WIN”
Trusted By
IDBI Intech Ltd.
IDBI Intech Ltd is a technology-led business transformation organisation specialising in the Banking, Financial Services and Insurance industry vertical. Incorporated in the year 2000, it serves as a wholly-owned subsidiary of IDBI Bank, a leading bank in India. With over two decades of experience and expertise as a leading Banking and Insurance digital technology business transformation partner, IDBI Intech leverages disruptive technologies to deliver business outcomes that digitally enable our clients' business to stay relevant and future-ready.
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Digital Solutions at IDBI Intech
Innovative Products
i-AML© (Anti Money Laundering Cloud Solution)
Financial Crimes, specifically Money Laundering & Fraud are growing multi fold with increasing complexity & volume. Impact of this is humongous across various dimensions - cost, reputational risk, regulatory risk & penalty. Organizations are investing in modernizing their Financial Crime systems leveraging broad spectrum of technologies - Artificial Intelligence, Machine Learning, Advanced Analytics & Big Data. There is growing need to have a holistic view of Enterprise-wide Risk & Compliance and navigate the evolving challenges.
IDBI Intech offers an efficient, scalable, real time, platform agnostic solution across the lifecycle of customer - Know your customer, Customer Due Diligence, Transaction monitoring, Credit Monitoring, Fraud Risk Management & Payments Reconciliation.
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© (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)
Financial Crimes, specifically Money Laundering & Fraud are growing multi fold with increasing complexity & volume. Impact of this is humongous across various dimensions - cost, reputational risk, regulatory risk & penalty. Organizations are investing in modernizing their Financial Crime systems leveraging broad spectrum of technologies - Artificial Intelligence, Machine Learning, Advanced Analytics & Big Data. There is growing need to have a holistic view of Enterprise-wide Risk & Compliance and navigate the evolving challenges.
IDBI Intech offers an efficient, scalable, real time, platform agnostic solution across the lifecycle of customer - Know your customer, Customer Due Diligence, Transaction monitoring, Credit Monitoring, Fraud Risk Management & Payments Reconciliation.
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© (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.
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.
i-AML© i-Recon©
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 ReleasesBanking Frontiers Technoviti Award 2021
iMoBot & iQuick
We are absolutely thrilled for being a Technoviti Winner yet again – We have been awarded the Technoviti ‘Super Trophy’ for the innovative iMoBoT (Social Media Banking Platform) and iQuick (Instant Account Opening Application) by BANKING FRONTIERS TECHNOVITI Awards on March 19, 2021.
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