3i Infotech Ltd, a global IT company, has launched AMLOCKLite - FS for Non-Banking Financial Companies (NBFCs). It is a comprehensive compliance solution for anti-money laundering (AML) & counter - terrorist financing (CFT). It is an enterprise AML-CFT solution which is intelligent, customer-centric anti-money laundering solution designed to detect and manage unusual activity. It will enable NBFCs to minimize losses, improve efficiencies, comply with government regulations and adhere to global best practices on AML.
Speaking on the occasion Krish N, Global Business Head - Banking, said, “The BFSI sector is undergoing major changes with NBFCs, Payment Banks & Fintech companies offering innovative financial products and services for targeted segments. In the midst of this competitive environment, AMLOCKLite – FS is an ideal solution for such organisations as it gives a steady balance between risk and profitability.”