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A leading private insurance company
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Our Customer offers range of individual and group insurance solutions. As per IRDA regulatory mandate, all insurance companies are required to comply with KYC guidelines. This lead to a need for an AML system that could automate screening of its customers against SDN lists (regulatory and non-regulatory), conduct customers and transactions due diligence and generate reports for regulatory reporting.
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| Our customer gained following advantages: |
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- Automated process for conducting customers and transactions due diligence led to reduction in cost of operations and enhanced staff productivity.
- Assistance in internal risk assessments led to greater lead time for risk management.
- System generated reports as per regulatory guidelines for reporting elevated the company’s compliance status.
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| To understand how we can help you maximize your organisation’s investment on technology, write to us at corporate@infrasofttech.com |
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