Bank of India looks for AML solution for RRBs
Bank of India is looking for a service provider to commission an end to end Anti Money Laundering (AML) solution in the regional rural banks sponsored by the bank as a part of the monitoring and administrations functions. The solution deployed would be in line with the government / regulatory anti money laundering requirements as prescribed from time to time. The solution will have to be upgraded by the vendor free of cost any time in the event of any changes / modification / new regulatory requirements or reporting requirements and it would need to be interfaced to the CBS and other 3rd party solutions to meet the business requirements. The bank wants the service provider to be a system integrator for providing an end to end scalable AML solution at all the existing branches / regional offices of RRBs - 1671 branches and 29 regional offices.