back Back

IDBI Intech teams up with Lemon Advisors UK to expand into global markets

By Megha Bhattacharya

June 29, 2021

  • Idbi
  • UK
Share

idbi intechIndia-based digital banking technology transformation company, IDBI Intech Ltd., announced a strategic partnership with UK-based Lemon Advisors UK Ltd., to extend their FinTech products and services for the banking & financial services sector to new global markets. This association will help IDBI Intech access global markets where it aims to leverage the significant reach that Lemon Advisors brings on board, across the geographies in Southeast Asia, Japan, Australia, the UK & the EU Region.

Mr. Surajit Roy, MD & CEO, IDBI Intech said, “It is estimated that the global spends by financial institutions on regulatory compliance is projected to grow at the rate of 21% to over US$5.6 billion by 2024 and 75% of this spending will be on financial crime prevention and detection. We are delighted to partner with Lemon Advisors and take our solutions to the new global markets.”

Some of the standard global technology offerings by IDBI Intech include combating financial crime, payment transformation, digital customer experience and digital technology integration, among others. The company is based in Mumbai, India and is a digital FinTech IT company specialising in business transformation in the Banking Financial Services and Insurance space. It is a part of IDBI Bank which is one of the leading universal commercial banks in India.

Mr. Subhash R. Ghosh, Founder and CEO of Lemon Advisors UK said, “IDBI Intech Ltd., with its suite of disruptive products in the area of Financial Crime and Payments, leveraging AI and ML, has achieved significant recognition and success. It aims to build a profitable portfolio of their global revenue over the next 18-24 months from these regions. We, at Lemon Advisors UK are extremely proud to be their Advisory partner.”

Previous Article

June 29, 2021

JPMorgan Chase takes 40% ownership stake in C6 Bank to transform the financial lives of Brazilians

Read More
Next Article

June 29, 2021

tZERO and Wazuzu partner to create a path to continuous liquidity for NFTs & other digital securities

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Idbi

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

SaaScada & Partes sign embedded finance partnership in Switzerland

Read More

July 11, 2024

BR-DGE launches white-label payment orchestration solution

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024