3i Infotech inks pact with Bank of India

New Delhi, Jul 21: Global IT solutions provider 3i Infotech Ltd on Monday, July 21 said it has signed an agreement with the country's leading Public Sector Bank-- Bank of India to implement its Anti Money Laundering (AML) software-- AMLOCK in the Bank.

''As part of the agreement, the company will undertake complete system integration, from procurement and installation of hardware including storage, database, middleware and report writer,'' it said in a statement. AMLOCK has the capability of receiving data from multiple sources systems that organisations like financial institutions may be using for different operations. It is highly parametrisable to suit the unique needs of each organisation, the statement added.

UNI