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There has been an alarming increase in the number of bad loans,
frauds, and non-performing assets in banks in recent times which
02 have resulted in a critical imbroglio in the Indian banking system. The
lack of due diligence before and after loan disbursal is the single
largest contributing factor to these frauds apart from defaults,
economic slowdown, and lax lending practices. With the help of
disruptive technologies such as artificial intelligence (AI), machine
learning (ML) and streaming, data- lenders will be able to “detect
BCT Digital launches the suspicious transactions in loan accounts on a real-time/near real-time
basis, which will positively contribute to the overall health of the
rst ever ‘Real-Time credit portfolio.
Early Warning Systems’ “When we launched the first EWS product way back in 2016, our goal
to tackle Non- was to make in India – i.e. make it local for the global marketplace. Our
EWS implementations have yielded the maximum ROI – for instance
Performing Assets even if banks can reduce 1% of the NPA for a bank of asset size of 50
B with an average NPA of 10%, will bring back at least 500 M per
bank/per year. Now, with Real-time Early Warning System for credit
Simplifying credit monitoring for the monitoring banks have the opportunity to prevent bad loans at the
BFSI sector to control the rising disbursement stage itself. We aim to empower every financial institution
number of NPAs and nancial frauds to be risk-free and provide them with a technologically robust and
cutting-edge risk management ecosystem to rely upon. With the
current NPA situation in the country and the way the banking industry is
changing due to COVID-19, our focus has been on disruptive
technologies like – AI, ML, predictive analytics and blockchain, to
Jaya Vaidhyanathan
CEO, BCT Digital catapult India into the next generation of banking. Through the real-
time EWS, we want to empower banks by helping them make the right
decision, stay ahead of the competition, and prevent possible NPAs and Now, with Real-time Early
banking frauds with the help of real-time data.” said Jaya
BCT Digital, a global fintech company Vaidhyanathan, CEO at BCT Digital. Warning System for credit
specializing in BFSI,Predictive Analytics, and monitoring banks have the
Risk Management, has announced the launch Today’s early warning systems are more effective in not just opportunity to prevent bad
of their specialized ‘Real-Time Early Warning monitoring and detecting red flags, but also putting banks’ interests loans at the disbursement
Systems for credit monitoring’ – the first-ever ahead of individual interests by measuring and monitoring risks, stage itself. We aim to
real-time monitoring solution to tackle Non- placing banks back in control of their data and decisions. In this empower every nancial
Performing Assets (NPA). As a FinTech current unprecedented situation with the pandemic, real-time institution to be risk-free and
specialist in risk management solutions, BCT monitoring of transactions in the loan portfolio will provide yet provide them with a
Digital has been helping banks and financial potent ammunition for banks to keep the risk profile of the credit technologically robust and
institutions through their pioneering product portfolio, reeling under the impact of the situation, under check.
“rt360 – Early Warning System”. The product cutting-edge risk management
ecosystem to rely upon”
is currently running in the top public and A real-time EWS works on three core principles – integration with
news private sector banks in India and across the source systems, real-time scanning of transactions, and issuing
globe. “rt360- Real-Time Early Warning reverse feedback. EWS will monitor some of the major transaction
System for Credit Monitoring” is their AI- types on a real-time basis from originating through intra-bank BCT Digital’s strength lies in identifying a
based innovative upgrade to their current transfers, inward & outward cheque clearing, etc., from the point of yet-unsolved business problem and
EWS product suite. “Real-Time EWS has the initiation to completion. A powerful and configurable rule engine leveraging emerging technologies, such
potential to detect and prevent suspicious or facilitates the system to recognize potential fraudulent or suspicious as AI and predictive analytics, to solve it.
fraudulent transactions, effectively paving way transactions as and when they get initiated on a real-time basis and The company’s mission has been
for a transition from detective to preventive warn the bankers, giving them the option to approve or reject the ‘reverse innovation’ – making products in
credit risk monitoring’’. transaction. India, for India, and the global market.
04 rt360 Less risk, more coffee rt360 Less risk, more coffee 05
