Thursday, August 27, 2020

3i Infotech’s AMLOCK Named a leader in Compliance Management by IBS Intelligence

3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, committed to accelerating business transformation, has been positioned as a leader in Compliance Management in the Annual IBS Intelligence Sales League Table (IBSI SLT) 2020 for AMLOCK, its flagship product for Financial Crime Detection and Management. 

As one of the top two leaders in Compliance Management category, 3i Infotech joins the IBSI SLT Leadership Club. Commenting on the company’s performance, the SLT Panel at IBS Intelligence said, “2019 was an important year for Compliance Management solutions. We are pleased to congratulate 3i Infotech’s AMLOCK for its leadership position in the category of Compliance Management in SLT 2020. The SLT ranking is purely based on sales performance and hence, is a true barometer of market recognition.” 

Speaking on the ranking, Mr. Jatinder Bedi, Vice President and Banking Sales Head, Africa, Caribbean & Canada, 3i Infotech said, “We are delighted to have received this recognition from IBS Intelligence and being positioned as a leader for AMLOCK, our globally acclaimed & end-to-end financial crime detection and management solution. It reinforces our focus to leverage the latest technologies to deliver products of high caliber. We would like to thank our clients who have trusted us and deployed our solutions.” 

Mr. Ravikanth Sama, Global Head - AMLOCK, 3i Infotech said, “As a future-ready organization, we are constantly delivering cutting-edge technology through our products and addressing the dynamic needs of our customers globally. AMLOCK is one such purpose-built, end-to-end solution that is designed to stem the flow of illicit funds and meet the compliance requirements of increasing regulatory oversight. With these capabilities, it offers comprehensive tools to manage customer due diligence, enhance compliance processes, and seamlessly identify & assess customer risk.” 

3i Infotech’s Kastle Digital solution was ranked among Top 10 in Digital Banking & Channels category and Kastle Universal Lending was featured under the Conventional Banking System - Lending category in the IBSI SLT 2020. 

IBS Intelligence is an independent analyst that provides news, analysis & research relating to global financial technology markets. Their Annual Sales League Table showcases the sales performance of banking technology suppliers, objectively ranking products across 6 conventional back office banking technology categories and 8 new focus areas. The IBSI SLT 2020 includes systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC. 

About 3i Infotech 

Headquartered in Mumbai, India, since inception in 1993, the Company has been committed to driving business value across multiple industry verticals and has a strong BFSI presence. The company has over 5000 employees in 33 offices across 12 countries and over 1200+ customers in more than 50 countries across 4 continents. With a comprehensive set of IP based software solutions and a wide range of IT services, 3i Infotech has successfully transformed business operations of customers globally. The Company has a very strong foothold and customer base in geographies across Asia, Middle East, Africa, Europe and North America. The company’s global delivery model focuses on the best resources to be drawn from its vast talent pool to offer optimal solutions for today’s agile business environments. 

Its flagship products include Kastle™ (Universal Banking Solution), AMLOCK™ (Financial Crime Detection and Management Solution), MFund™ Plus (Asset Management Solution), Premia™ Astra (Core Insurance Solution) and Orion™ (Enterprise Resource Planning Solution). 3i Infotech provides IT Services across Mobility, Data Analytics, Block Chain, Cloud Life Cycle Management, Testing Services, Infrastructure Management, Application Development & Maintenance, Professional Services, IT Consulting and BPO.  

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