BCT Digital amalgamates the founding philosophies of “reverse innovation” and “Make in India” in conceptualizing and innovating products that are built in India, for the Indian and global markets.
The origin of BCT Digital dates back to India’s infamous NPA (non-performing assets) crisis of 2015. During the time, NPAs in the country’s banks rose from 4.62% to 7.79%, and trust in the institution of banking was fast-eroding. It was during this time that BCT Digital launched its pioneering survey on the ‘Credit Monitoring Practices in India’, which explored the technology readiness of top banks in tackling the NPA issue and exposed the glaring gaps caused by the lack of tech-enabled risk management systems in the sector.
The findings of the survey would eventually serve as the launchpad for the rt360 – Early Warning System (EWS) product – BCT Digital’s flagship product underpinned by advanced technologies, like AI/ML, big data, and predictive analytics. Built with the expert involvement of bankers and technologists, rt360 would later expand to provide custom-built solutions to address some of the key adjacencies in fintech- enabled, enterprise-wide risk management.