BCT Digital initiates early warning systems to tackle NPAs


BCT Digital is a global FinTech company specializing in BFSI, predictive analytics, and risk management. BCT Digital has announced the launch of its specialized ‘Real-Time Early Warning Systems for credit monitoring’. This is to tackle the Non-Performing Assets Real Time Early Warning System for Credit Monitoring” is its AI-based upgrade to their current EWS product suite.

The company aims at assisting banks and other financial institutions through its “rt360 – Early Warning System”. The system is currently being used by the top notch and reputed public and private sector banks in India as well as across the globe.

“When we launched the first EWS product way back in 2016, our goal was to make in India i.e. make it local for the global marketplace. Our EWS implementations have yielded the maximum ROI – for instance even if banks can reduce one per cent of the NPA for a bank of asset size of 50 B with an average NPA of 10 per cent, will bring back at least 500 M per bank/per year. Now, with Real-time Early Warning System for credit monitoring banks have the opportunity to prevent bad loans at the disbursement stage itself.

We aim to empower every financial institution 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 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 banking frauds with the help of real-time data” said Dr. Jaya Vaidhyanathan, CEO at BCT Digital.

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