2022

IDBI INTECH LTD.

Solution Overview Document

To

INSURANCE

FINnet 2.0 Integration

Proposal/Document ID: FINnet
2.0/Insurance/V1/20/10/22

Page 0 of 12

Document Date: 20th Oct 2022

Proprietary Notice

This proposal contains confidential information about IDBI Intech Ltd. and its business
partners and is subject to the enclosed mutual Non Disclosure Agreement.

This proposal has been prepared in accordance with accepted techniques and Intech’s
understanding of requirements based on the information provided. Any timings, flow charts,
system design and related service/product information contained in this proposal reflect
Intech’s best estimates based on this information.

© 2018 IDBI Intech Ltd., All rights reserved.

All registered and trademarked names are owned by their respective owners

Page 12 of 12
 Table of Contents
1. ABOUT IDBI INTECH LIMITED ............................................................................................................. 3

1.1 VISION AND MISSION ..................................................................................................................... 4

1.2 OUR BUSINESS VERTICAL................................................................................................................ 4

1.3 OUR OFFERINGS .............................................................................................................................. 4

1.4 OUR PRODUCTS ............................................................................................................................... 6

1.5 OUR SERVICES .................................................................................................................................. 8

1.6 ALLIANCES (PRODUCTS AND SERVICES) ........................................................................................ 9

2. INTRODUCTION TO FINNET 2.0 ........................................................................................................10

2.1 IDBI INTECH LTD. OFFERING ON FINNET 2.0 REPORTING ......................................................... 10

2.2 FINNET 2.0 REPORTING SYSTEM - FEATURES .............................................................................10

2.3 DEPENDENCIES & ASSUMPTIONS ................................................................................................ 11

3. COMMERCIALS ....................................................................... ERROR! BOOKMARK NOT DEFINED.

4. TERMS AND CONDITIONS ..................................................... ERROR! BOOKMARK NOT DEFINED.

Page 12 of 12
 Proposal for FINnet 2.0 Integration.

OBJECTIVE

 IDBI INTECH LIMITED to submit Overview Document towards FINnet 2.0

Reporting Solution as per the requirement of Insurance.

CONFIDENTIALITY AGREEMENT

The terms set out in this proposal, are confidential and shall not (other than for
the limited purpose of internal review or as required by any applicable law) be
disclosed to any other person, firm or company. This obligation of confidentiality
shall not apply to information that is publicly known (through no fault of the
non-disclosing party)

ASSUMPTIONS AND DEPENDENCIES

It is assumed that any change in the scope of work would not be covered under
this approach if the same is not specified under the current mentioned scope.
INSURANCE needs to highlight if there is any deviation/amendment in the
mentioned scope of work before signing of the agreement/proposal.

1. About IDBI INTECH LIMITED

Page 12 of 12
IDBI INTECH LTD. (Intech) is a professionally managed IT products & consultancy services
company catering to the BFSI Sector in India & Abroad.

Intech is wholly owned subsidiary of IDBI Bank Ltd. Intech is also providing IT related end-to-
end services to the IDBI Group of companies and other organizations.

Intech is a process oriented ISO 9001:2015 certified company. All the activities are guided by a
customer centric approach. We achieve this by developing cost effective robust tech-solutions,
meeting business and regulatory / compliance requirements and provide operational
convenience, flexibility and scalability.

1.1 Vision and Mission

To evolve as the most preferred IT Solutions & Services Company in the BFSI and other sectors
to realize the value of stakeholders.

Intech’s Mission is to render optimal IT services and innovative solutions by leveraging

technology with intellectual capital, to accomplish customer delight.

Our business objectives can be summarized in a few statements –

 Delivering Quality in all our services and solutions.

 Delivering Cost effective products within agreed timelines.
 Continuous process enhancement.

1.2 Our Business Vertical

 IT Solutions and Services

 Data Center Services
 Training and Certification
 Contact Centre
 Enterprise Collaboration Services (VC, Email, Chat, Office etc...)

1.3 Our Offerings

Page 12 of 12
We provide Technology enabled Services including development and customization of
software solutions, innovation and automation, managing of IT Infrastructure and Data Centre.
Intech indigenously develops and implements its banking related software and CBS add-on
modules. We provide management services for the entire IT Infrastructure as well as the
Level-3 Data Centre, DR site and Near DR. We have also developed unique products by
specifically focusing on the requirements of the banking sector. Some of our in house products
are deployed in various PSU/Pvt/Payments Banks. Digital world is the emerging trend and
Intech is on the path of absorbing the same to bring digital products within the reach of the
customers.

Page 12 of 12
1.4 Our Products

 i@Connect® Middleware for Payment and Messaging system which gives you a
competitive Straight Through Processing (STP) capability to process payment
requests between Core Banking System and Payment systems like NGRTGS /
NEFT / SWIFT / SFMS. i@Connect® integrates nicely with any Core Banking
System and with your existing Payment Initiation application.

 i-AML Anti Money Laundering Solution developed by IDBI Intech is a state of the art
application that gives the user unique features starting from Name scanning
against watch lists to effectively identify suspicious transactions/ money
laundering attempts in their organizations, report suspicious transaction to
Regulatory Authority and take preventive action as per the Regulatory
Authority and as per the Regulatory guidelines/ Anti Money Laundering Act
of the Country.

 i-IRAC Our i-IRAC is a strategic tool for NPA management developed considering the
rules and conditions as per the regulatory norms in India for the purpose of
asset classification and provision requirements.

 i-AMS Audit Management System for planning and scheduling Audits. It provides
end to end solution to audit management of the bank by automating the
entire audit planning and other activities associated with audit

 i-OMS Off-site Monitoring System - Rule based alert system for irregularities. It
provides better risk management through continuous monitoring of audit
exceptions as an offsite monitoring exercise, on near real time basis

 i- Recon i-Recon is designed to meet the reconciliation and settlement of daily

transactions from various sources up to the maximum possibility of matching.

Page 12 of 12
 i-Abhay Card i-Abhay is a revolutionary mobile app which empowers customers to gain
personal control over their debit /credit cards and safeguard them against
any probable fraudulent activities. Customer can now set preferred
controls/limits to match the desired usage of their card instantly using their
Smart phone and does have to depend on bank.

Maintains records at personal, department and branch level. E-attendance

 HRMS
through finger print or card swapping device, Leave and attendance
o
management, Income Tax, Increment, Appraisal Modules and New
recruitment process.

Locker Management System – Manages the end-to-end Locker Operations

 i-LMS
including Rent Management and auto communications for internal as well as
external customers

Currency Chest Management (i-CCM) is a web based application which can be

 i-CCM
used extensively by Currency Chest to enter and record their transactions.

Intech has developed a middleware i-BUS, which provides a cost effective

solution. The advantage is that it can be used to integrate any internet facing
 i-Bus
application with the core banking and other application like Demat Services
etc.

 i-VAULT Is a complete solution which meets the UIDAI guidelines. It further enhances
the scope to include Aadhaar based authentication / eKYC/ OTP request
transactions through VID/ UID token values via an optional Middleware
system. The middleware system is flexible and robust enough to
accommodate any changes in NPCI/ UIDAI specifications for Aadhaar eKYC/
OTP request/ authentication transactions.
 i-MBML It helps to engage, track and connect with your potential leads instantly so
that you can close business promptly. MBML is a specifically designed app for
Bank staffs to generate leads of business potential and to help them manage

Page 12 of 12
 sales on the go. It simplifies the lead management process for all employees
with easy lead creation, assignment, notifications and lead conversion. It has
automated features that facilitate seamless lead flow from Customer touch
Points to respective Branch Heads/ Relationship Managers. Leads can be
logged, tracked, contacted and status can be updated in MBML based on the
Customer response.

1.5 Our Services

 Data Centre Services

Intech manages state-of-art Tier III data centre for IDBI Bank Ltd. and also manages Data
Centre Services for it’s group companies. In order to ensure continuous availability of IT
Infrastructure, Intech has setup an efficient, on-demand and scalable IT infrastructure
platform, harnessing the power of cutting edge technology. Intech extends this vast experience
in providing DC services to prospective clients.

 Training and Certification

Intech conducts specialized Training programmes on General Banking, Core Banking Solutions
and electronic Payment systems.
Intech aims to groom individuals to bring out their best by providing them with practical
hands – on training, making them employable and giving them an edge over other candidates
in the competitive job market.

 Contact Centre

We have set up the National Contact Centre (Call Centre) for several banks which offers 24 x 7
services to its customers by handling their calls and providing resolution to the customer
queries. These services are being offered to leading Public Sector Banks. By outsourcing

Page 12 of 12
customer service, business will preserve capital resources, reduce cycle time and improve
corporate performance with maximum customer satisfaction.

 Enterprise Collaboration Services (VC, Email, Chat, Office etc...)

Intech have vast experience on Collaborative application tools viz. Video Conference (VC),
Voice, Email & Chat. Intech provide these services to IDBI Bank services and its Group
companies. These solutions have helped our clients in increasing productivity, Flexibility,
Effective communication and also have helped the organization to save money and huge time
in travelling.

1.6 Alliances (Products and Services)

Intech has partnered with some major market players both Nationally and Internationally to
cater to various other requirements of the customers in the BFSI sector.
Below mentioned are some of the Products and Services through Alliance partners:

i. FINACLE – Delivering and carrying out Finacle Services (Training, Customization,

Implementation, Consulting, Development, Testing, Support and all other services in
respect of Finacle Solutions) to external clients in Banking and other sectors.
ii. World Compliance Watchlist – Provides Watchlist Data Feed, offering flexible delivery
options via a seamless integration with AML software. Also provides Compliance data
and sanctions expertise to help business increase transaction screening efficiency and
mitigate costly risk exposure by providing access to industry’s most comprehensive and
current data on sanctions, enforcements, PEP and negative news.
iii. e-Meeting Software– Provides Board Meetings Automation Solutions which is an i-Pad
based solution for directors and executives to conduct meetings digitally and access
meeting documents in a secure and highly collaborative meetings for quick decision
makings.
iv. Customer Segmentation –Customer Segmentation/Bulk SMS and Email.
v. Software Performance – Software Performance Testing Services
vi. Hardware /Software - We are authorized partner of hardware /software companies
such as Oracle, Dell, IBM.

Page 12 of 12
2. Introduction to FINnet 2.0

FINnet 2.0 project is of national importance and assists FIU-IND by leveraging

technology to collect, analyze and disseminate financial information for combating
money laundering and related crimes with many improved and additional features to
inculcate the latest technologies like AI/ML and advanced data analytics to streamline the
IT processes with improved strategic data analysis capabilities and other aspects.

2.1 IDBI INTECH Ltd. Offering on FINnet 2.0 Reporting

The FINnet 2.0 reporting generating System developed by IDBI Intech Ltd. is an
application that gives the users unique features starting from creating the request at front-
end and generating the data from system without any manual intervention as per the FIU
India Regulatory guidelines of reporting

2.2 Finnet 2.0 Reporting System - Features

 Integration of core master solution Data in FINnet 2.0 reporting System.
 Creating the data mapping as per the formats provided by FIU for preparing the
data and generating the CSV/JSON files.

 Regulatory Reports covered are – STR, CTR and CCR.

 Finnet2.0 reporting system as an option to create a request from the application
itself and preparing the data from the masters which are created during the course
of mapping.
 The said data is made available to view and edit to the user where mandatory data is
not available and an option to correct the same which is generated for reporting.
 Once the data generated in the system is finalized, The background engines will
generate the CSV files as per the formats provided by FIU India.
 Once files are successfully created it will be made available in downloads option
for the downloading.
 The MIS for each regulatory report are made available in the system for the
analysis.

Page 12 of 12
 2.3 Reporting Formats

Reporting Formats for INSURANCEs:

Insurance KYC Profile (Individuals) KC3

All Reports Insurance KYC Profile (Non- KC4
Individuals)
Suspicious Insurance Transaction TS4
Customer STR
General transaction format GT1
GoS profile GS1
CCR Counterfeit currency deposited CC1
CTR Cash transaction at branch TC2
Insurance Simplified KYC profile (non-
mandatory) - Individuals KCS1
All Reports
Simplified KYC profile (non-
mandatory) - Non-Individuals KCS2
Non-Customer Suspicious Insurance Transaction TS4
STR
General transaction format GT1
GoS profile GS1
CCR Counterfeit currency deposited CC1
CTR Cash transaction at branch TC2

Note*
The Above formats may undergo revision as per the regulator’s revision of reporting
format

2.4 Dependencies & Assumptions

 Bank needs to facilitate coordination with all internal departments and vendors for
data and integration requirements.

Page 12 of 12
Assuring you the best of our services at all times.

Rahul Mishra Param Kumar

IDBI Intech Ltd. (Vice President- Business Development)
Place: Belapur, Navi Mumbai
Date: 20th Oct 2022
Contact no: +91 9930777336
Email id: [email protected]
**************

Page 12 of 12