Friday, 24 March, 2023

IDBI and Yotta to offer i-Recon and i-AML under 'Compliance-as-a-Service'

<p>IDBI Intech and Yotta had partnered to offer i-Reconciliation and i-Anti-Money Laundering apps under &lsquo;Compliance as-a-Service&rsquo; umbrella. The services on Yotta&#39;s Cloud would check regulatory compliance mandated by RBI keeping it cost-effective for the banks, insurance and NBFCs firms. i- AML would identify and combat various money laundering risks and i-Recon would address the challenges of scalability, transaction volume, speed, and accuracy.</p> <p>&nbsp;</p>