PR87340

HYDERABAD, India, Dec. 23, 2020 /PRNewswire=KYODO JBN/--

    ValueLabs, a global technology services provider, won the IBSI Global

Fintech Innovation Award for the Best Original & Adoptable Concept in

Compliance & RegTech. It was for the Enterprise Customer Due Diligence solution

which they built for Diligent, a Singapore-based global RegTech company.

    The IBSI Global FinTech Innovation Awards honors technology players and

banks for their excellence in driving impact through banking technology

implementations and innovations using emerging technologies. This year, IBSI

winners were chosen on the basis of innovation excellence, best practices &

tools adopted, originality & simplicity, adaptability of the concept and

program complexity & governance.

    The Enterprise Customer Diligence solution is a SaaS based application

which enables banks and RegTech companies to onboard and maintain ongoing

relationships with customers while complying with regulatory and policy

requirements. The solution provides a 100% configurable rules engine that

performs due diligence for clients across multiple topographies and jurisdictions.

    "We are delighted to be recognized by IBSI for driving innovation in the

BFS space and we are confident that this solution will help the industry to

reimagine the ways in which customer onboarding and due diligence happen. Also

wanted to congratulate our partners at Diligent on this award and thank them

for allowing us to be a part of their journey," said Arjun Rao, CEO of ValueLabs.

    "In this digital era of banking, it is essential for banks and FIs to take

necessary measures to comply with ever changing industry regulations and

compliance requirements. This solution automates every process of KYC and CDD

and enables digital compliance vision for our clients," said Anoop Singh, SVP & Head

of Emerging Markets, Valuelabs, who accepted the award. "We are also planning to

significantly expand our global presence in BFS in 2021 and this recognition inspires

us to deliver more innovative solutions for the BFS & RegTech industry."

    About ValueLabs

    ValueLabs [https://www.valuelabs.com/] is a global technology company

focused on Product Development, Data Technology and Digital services. Powered

by The Digital Flywheel(TM), ValueLabs provides end-to-end solutions in the

fields of Customer Experience, Data & Analytics, Product Development, and

Automation. Over the last 23 years, the company has expanded to 32 locations,

5500 associates and 150 clients worldwide. Their focus on employees and clients

have resulted in industry-leading client Net Promoter Scores (NPS) of over 60

and 80 respectively.

    Media Contact:

    Anoop Singh Sengar

    anoop.singh@valuelabs.com  

    www.valuelabs.com/business-form/

    Logo: https://mma.prnewswire.com/media/1343811/ValueLabs_Logo.jpg

SOURCE: ValueLabs