Impact Technologies Interview Questions and Answers

Q1. What are the aml and kyc requirements?
Ans. 
AML and KYC requirements are regulations that financial institutions must follow to prevent money laundering and verify the identity of their customers.
• AML (Anti-Money Laundering) requirements involve monitoring transactions, reporting suspicious activities, and conducting customer due diligence.

• KYC (Know Your Customer) requirements involve verifying the identity of customers, assessing their risk level, and maintainin...read more
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Q2. Why should we hire you, briefly describe a scenario where you would showcase a different skill or talent compared with your fellow employees?
Ans. 
I have a strong attention to detail and analytical skills that set me apart from my colleagues.
• I have a proven track record of accurately identifying and resolving discrepancies in KYC documentation.

• I excel at conducting thorough research and analysis to ensure compliance with regulations.

• My ability to effectively communicate complex information to stakeholders sets me apart in team collaborations.
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Q3. Strength and weakness?
Ans. 
Strength: attention to detail, Weakness: perfectionism
• Strength: Ability to meticulously review documents and identify discrepancies

• Strength: Strong analytical skills to detect potential risks or fraudulent activities

• Weakness: Striving for perfection may lead to spending too much time on a task

• Weakness: Difficulty in delegating tasks due to desire for everything to be done perfectly
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Q4. Project and achievements?
Ans. 
Implemented a new KYC process resulting in 30% reduction in onboarding time and 20% decrease in errors.
• Led a team to revamp KYC procedures and systems

• Introduced automation tools to streamline verification process

• Trained staff on updated KYC regulations and best practices
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Q5. Are you a team player? What do you do when you don’t get along with certain colleagues? How do you manage conflict resolution?
Ans. 
Yes, I am a team player. I believe in open communication and collaboration. When conflicts arise, I address them directly and seek resolution.
• I believe in open communication and collaboration within the team.

• I address conflicts directly and seek resolution through constructive conversations.

• I focus on finding common ground and working towards a solution that benefits the team as a whole.
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Q6. Provide a situation where you might have failed previously? What has that experience taught you?
Ans. 
I failed to meet a deadline due to poor time management.
• Underestimated the time needed for a project

• Did not prioritize tasks effectively

• Learned to create a detailed schedule and set realistic deadlines
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General English grammar knowledge and some calculations

Q1. CTC and expected salary details?
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Q2. No you cannot negotiate and end up taking what they give you!
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Q3. No relocation time, do it during weekends
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Q4. No target compensation or other benefits
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Q5. If ur employed through agency or consultancy you will be always a contingent and treated less than permanent employees
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Q6. 12 hours a day, 6 days a week, no social or life balance
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It was a technicaL + aptitude test with 60 minutes duration.

Q1. Basic questions regarding the projects that i have done.
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Q2. They asked me about my favourite subjects and then they asked some basic questions regarding those subjects.
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Q1. HR round in TCE is not an interview round rather it is a video assessment wherein we were given with two HR questions and we have to record a video answering the questions. maximum duration of the video sh...read more
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Q1. Self introduction and brief explanation about privious work
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Q1. About privious process and company
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Q2. What is saction, types of saction, what ia pep, meaning of reg flag, about cip, edd, saction country
Ans. 
Sactions are penalties imposed on individuals or entities for violating laws or regulations. PEP refers to politically exposed persons. Red flags indicate potential suspicious activity. CIP stands for customer identification program. EDD is enhanced due diligence.
• Sanctions are penalties imposed on individuals or entities for violating laws or regulations

• Types of sanctions include financial sanctions, trade sanctions, a...read more
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Relationship, reasoning and apti

Asked coding questions on Python and SQL
Python - find longest non repeating substring
SQL - join and window function

Develop a production-grade application in Python that analyzes data and provides answers to questions based on the dataset.

Q1. System design and project based questions
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Q2. Scenario-based questions that can help assess how you handle various situations
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Q1. Walk me through your resume. About insurance process what is policy life cycle.
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Q2. Tell me about your previous role.
Ans. 
I was responsible for analyzing and improving processes to increase efficiency and productivity.
• Led process improvement initiatives to streamline operations

• Identified bottlenecks and implemented solutions to optimize workflows

• Collaborated with cross-functional teams to gather data and feedback

• Utilized data analysis tools to track performance metrics

• Developed and implemented process documentation and training materials
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Yet to complete the test

Q1. Asked about Gallagher.
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Q2. What do you know about Gallagher.
Ans. 
Gallagher is a global insurance brokerage, risk management, and consulting firm.
• Founded in 1927 by Arthur J. Gallagher

• Headquartered in Rolling Meadows, Illinois

• Provides insurance, risk management, and consulting services globally

• Offers services in areas such as commercial insurance, employee benefits, and personal insurance

• Has a strong focus on client relationships and personalized service
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Q1. Situation based questions were asked.
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Q2. How would you built the trust with the stakeholders
Ans. 
Building trust with stakeholders involves open communication, transparency, and delivering on commitments.
• Establish open lines of communication with stakeholders to address concerns and provide updates

• Be transparent about project progress, challenges, and decisions

• Deliver on commitments and follow through on promises to build credibility

• Seek feedback from stakeholders and incorporate their input into decision-making pr...read more
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Q1. Bid process Bid calculation bid submission
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Q2. RFP process flow . Project management goverment project handling process
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Q3. Financial bid submission and PPT preparation knowledge
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Q1. Bid submission and RFP submition financial bid proposal
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Q2. Bid submission and RFP submission financial bid proposal PPT
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RFP Preparation bid submission financial

1 good coding question and 33 mcqs

Q1. Easy questions are asked
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Q2. Like create a database of the collages composes of students and professors
Ans. 
Create a database to store information about colleges, students, and professors.
• Create tables for colleges, students, and professors

• Include columns for relevant information such as name, ID, courses, etc.

• Establish relationships between the tables using foreign keys

• Use SQL queries to insert, update, and retrieve data

• Consider normalization to avoid data redundancy
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Q1. Some hr questions
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Q2. Project discussions
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Q1. Hr questions about family
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