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5.1
RISK
MANAGEMENT
SPENDS HAVE
THE BIGGEST sector through its rt360 product line. rt360 is an end-to-
end risk management product suite to manage the
PAYBACK entire risk portfolio of banks and financial institutions.
BCT Digital’s client list includes both Indian public- and
private sector banks, among them Canara Bank, HDFC
Bank, Bank of India, and IDBI Bank.
Its rt360- Real-Time Early Warning System for Credit
RISK MANAGEMENT SOFTWARE COMPANY BCT Monitoring product is an AI-based innovative upgrade to
the current EWS product suite. Real-Time EWS has the
DIGITAL CEO JAYA VAIDHYANATHAN SAYS
potential to detect and prevent suspicious or fraudulent
INDIAN BANKS WILL NEED TO PREPARE FOR transactions, effectively paving way for a transition from
detective to preventive credit risk monitoring.
THE WORST WHILE HOPING FOR THE BEST. Jaya Vaidhyanathan is the CEO of
Chennai-based BCT Digital, a In an interview with Fortune India, Vaidhyanathan talks
division of the $300-million about the product suite, the risk management situation
turnover Bahwan CyberTek in Indian banks and what has changed with the Covid-19
(BCT), a global technology pandemic. Edited excerpts:
company specialising in digital
June 23 2020 Give us an overview of how you see your
transformation, predictive
business at this point, and how the pandemic
analytics, and the Internet of
has changed the outlook.
Things (IoT). She joined as an
See, we are in the line of managing risk. We actually
‘intrapreneur’ and began their
take a more centre-stage role with the crisis. So while
fintech initiatives. This was to
companies could have thought of us as a compliance
build global quality products for
need, the more progressive companies could have
the Indian banking system
thought of that as active risk management, now we are
keeping in mind the unique
more centre stage. Because unless you’re in the
challenges and culture of the
pharmaceuticals or grocery type of retail properties, you
banking system in India.
are making losses now. So it’s more about how actively
SOURAV MAJUMDAR BCT Digital is driving digital you manage risk that becomes your identity going
Editor at Fortune India transformation for the BFSI forward. Risk management is a competitive advantage.
12 rt360 Less risk, more coffee rt360 Less risk, more coffee 13
