BCT Digital formed to address the need for innovative FinTech solutions

Jaya Vaidhyanathan, CEO, BCT Digital

The Idea: Every country has different risk management challenges that cannot be resolved through a one-size-fits-all approach – so a unique, yet fully customizable solution is the need of the hour. BCT Digital was formed to address the increasing need for innovative FinTech intervention to digitalize banks and financial institutions. We draw on disruptive technologies, like AI, big data and predictive analytics, to facilitate the next-generation of banking in India and globally.

Innovations & Services: We explore critical GRC adjacencies not covered by dominant players, and employ disruptive technologies to solve business problems in these areas. Our products and solutions leverage the strategic growth potential of ‘Reverse-Innovation’ – where world-class products built for the Indian market find industry-wide acceptance and adoption. Our flagship product rt360 is an award-winning BFSI risk management suite. It encompasses a range of products to address BFSI credit risk, capital allocation, pricing risk, liquidity risk, model risk and operational risks. One of our most successful products, the Early Warning System (EWS), identifies stressed accounts early on and improves NPA recovery and profitability.

Plans for 2021-22: We continue to explore unique solutions for challenges, like, rising NPAs, barriers to financial inclusion and liquidity crisis. Using emerging technologies, we plan to reform and streamline the global FinTech & risk management space in 2021

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