Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 December, 2018 18:44 IST
Mindtree partners with Tookitaki
Source: IRIS | 07 Aug, 2018, 03.37PM
Comments  |  Post Comment

Mindtree, a global technology services and digital transformation company, guiding its clients to achieve faster business outcomes, is using artificial intelligence and machine learning technology to help banks improve their ability to detect financial crimes and enhance reconciliation management.

These service offerings are made possible through a partnership with Tookitaki's machine-learning- powered platform. Banks and other financial institutions are challenged by both the rising sophistication of financial crimes worldwide and increasingly complex regulations requiring strict operating and reporting standards.

The ongoing efforts to manually detect money laundering, dealing with false alarms and fragmented reconciliation processes are costly and time consuming. There is an urgent need for these institutions to automate many of these processes, reducing errors and accelerating their response times to incidents.

Shares of the company declined Rs 8.45, or 0.89%, to trade at Rs 946.00. The total volume of shares traded was 31,115 at the BSE (3.28 p.m., Tuesday).



MindTree Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
M&M to hike stake in associate company Sampo Rosenlew - 18-Dec-2018 10:37
Glenmark Pharma gets nod for Fluocinolone Acetonide oil - 18-Dec-2018 10:08
BGR Energy Systems bags order worth Rs 494 mn from Tamilnadu Transmission Corp - 18-Dec-2018 10:04
Lupin receives approval from USFDA for Clobazam tablets - 18-Dec-2018 10:01
Ahluwalia Contracts (India) secures new order worth RS 4.25 bn - 17-Dec-2018 15:31
Lupin receives tentative USFDA approval for Tadalafil tablets - 17-Dec-2018 14:49
Gayatri Projects bags new order worth Rs 4.93 bn - 17-Dec-2018 09:43
Zydus Cadila receives USFDA approvals for two drugs - 17-Dec-2018 09:39
Biocon's API manufacturing facility completes USFDA inspection - 17-Dec-2018 09:36
Glenmark Pharma gets final nod for Hydrocortisone Valerate ointment - 17-Dec-2018 09:34
NTPC acquires 720 MW thermal power station in Bihar - 17-Dec-2018 09:32
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer