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The Silicon Review Asia

IDBI to Expand its Offerings into Southeast Asia, Japan, Australia, UK and EU

IDBI to Expand its Offerings into Southeast Asia, Japan, Australia, UK and EU

IDBI Intech has announced that it has forged a strategic partnership with Lemon Advisors UK Ltd. to extend its fintech products and services for the Banking and Financial Services Sector to new markets, including Southeast Asia, Japan, Australia, UK, and EU.

IDBI Intech offers global technology services, including Combating Financial crime, Payment Transformation, Digital Customer Experience, Digital Technology Integration, and much more. The company is also addressing the progressive changes in the governance, risk management, and compliance ecosystems worldwide through its “Compliance-as-a-Service.”

"It is estimated that the global spends by financial institutions on regulatory compliance is projected to grow at the rate of 21% to over US$5.6 billion by 2024 and 75% of this spending will be on financial crime prevention and detection. We are delighted to partner with Lemon Advisors and take our solutions to the new global markets," said Mr. Surajit Roy, MD & CEO, IDBI Intech.

In collaboration with Lemon Advisors UK, IDBI Intech will look to build a portfolio that will turn in profitable returns for it in the next 18-24 months in the aforementioned regions.

Headquartered in Mumbai, India, IDBI specializes in business transformation in the Banking & Financial Services and Insurance. The company is also a part of IDBI Bank, a leading commercial bank.

 

 

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