In the last few years, Regtech has emerged as a clear game changer, where cutting-edge technologies are used to manage risk while ensuring compliance to ever changing industry regulations, says Ms. Ms. Jaya Vaidhyanathan, CEO, BCT Digital in an interaction with CIO AXIS. BCT Digital is the FinTech division of Chennai headquartered Bahwan CyberTek .
CIO AXIS: How did BCT Digital pioneer its distinctive offerings for the BFSI sector and which problems do they solve?
Ms. Jaya Vaidhyanathan: BCT Digital set off the ground as a fintech organization with a purpose. At the time of its inception, the global fintech market was booming, and emerging technologies like big data, AI/ML, and analytics were transforming BFSI holistically. In the meantime, India’s banking sector was under the strain of trillions of rupees in non-performing assets.