Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, December 23 2020 - 16:35
ValueLabs wins IBSI Global Fintech Innovation Award
HYDERABAD, India, Dec. 23, 2020 /PRNewswire-AsiaNet/--

    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 

    "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 

    "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 [] 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 


SOURCE: ValueLabs