rt360 Real Time Monitoring System

Prevent frauds, Monitor financial transactions in real/near-real-time

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Real-time monitoring to prevent frauds and oversee financial transactions

In today’s fast-paced world, monitoring the genuineness of high-value, high-volume transactions has become increasingly challenging. Meanwhile, sophisticated frauds are on the rise, making it difficult to trace the movement of funds. While many banks have implemented Enterprise Fraud Risk Management (EFRM) systems, these systems primarily focus on channel frauds and liability transactions while sidelining credit frauds. In the wake of rising credit frauds, the Reserve Bank of India (RBI) has directed banks to implement critical safety measures, including real-time monitoring of loan accounts.

rt360 Real Time Monitoring System emerges as a powerful solution that enables banks to monitor accounts based on various parameters. By monitoring transaction-based events, suspicious transaction patterns and so on, the system provides real-time alerts that facilitate proactive and preemptive follow-up actions.

Key Features


Risk Management as-a-Service

Enabled through modular microservices-based architecture, scalable and responsive UI (web & mobile)


Flexible deployment modes

Cloud-ready architecture tuned for on-premises, cloud, or hybrid deployments


Case management

Supported by DROOLS-based rule engine to route alerts/cases as per the institution’s escalation hierarchy for time bound closure


Reporting capabilities

Best-in-standard reporting for management review and regulatory purposes


Scalability

Horizontally and vertically scalable to meet increase in volumes and users


End-to-end automation

Automated data extraction through open APIs for internal and external data sources

Key Functionalities

kf-1

Near-real-time transaction data ingestion

Near-real-time transaction data ingestion

Uses approaches involving APIs, bots and so on integration costs and multi-vendor interactions
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Near-real-time alert generation

Near-real-time alert generation

Expandable library of alerts covering all portfolios of the bank, with parameterized thresholds for alert generation
kf3

Targeted alert handling

Targeted alert handling

Executed through case management and setting of priorities. Enables fixing different levels of criticality by alert, along with resolution time
enterprise risk management

Highly modular

Highly modular

Allows financial institutions to select services as per risk appetite, management priorities, regulatory guidelines, technology readiness, and so on
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Near-real-time transaction data ingestion

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Near-real-time transaction data ingestion

Uses approaches involving APIs, bots and so on integration costs and multi-vendor interactions
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Near-real-time alert generation

28453

Near-real-time alert generation

Expandable library of alerts covering all portfolios of the bank, with parameterized thresholds for alert generation
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Targeted alert handling

28447

Targeted alert handling

Executed through case management and setting of priorities. Enables fixing different levels of criticality by alert, along with resolution time

Benefits

Enhanced transparency
Promotes streamlined communication between the bank and borrower, minimizing information asymmetry
Real-time monitoring and feedback
Provides immediate scrutiny of high-value transactions, enabling RT/NRT feedback to the bank
Seamless integration
Easily integrates with external data feeds, such as aggregator feeds
Round the clock monitoring
Alerts can be routed to monitoring teams or call centers for 24x7 monitoring
benefits5
Intelligent detection
Machine learning reduces false positives and helps identify suspicious transactions

Products

rt360 Credit Risk Suite

A transformative product suite powered by AI/ML algorithms, data analytics, configurable workflows, and extensive reporting and dashboarding tools

rt360 Early Warning System

Comprehensive, always-on early warning indicators powered by AI/ML to help bankers identify potential default, stress or fraud 

rt360 RAROC Calculator

Accurately assess customer profitability while making credit pricing decisions for RAROC calculation thereby increasing credit growth

rt360 Collections Management System

Unlock your full collection potential and increase resolution rates cost effectively with advanced AI/ML technology that underpins a robust collections strategy

rt360 Expected Credit Loss

Compute Expected Credit Loss as per regulatory, IND AS 109 guidelines, while addressing requirements such as PIT PD, and macro-economic factors

rt360 Real Time Monitoring System

Enhance fraud detection and prevention with real-time monitoring, and facilitate proactive and preemptive actions

Brochures

rt360 Credit Risk Suite

Get sustainable growth and maximized profitability powered by AI/ML algorithms, data analytics, configurable workflows, and extensive reporting and dashboarding tools

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rt360 Early Warning System

Stay alert, efficient and profitable by identifying credit risks proactively and leveraging end-to-end predictive analytics

Download Now

rt360 RAROC Calculator

Ensure dynamic risk-based pricing and efficient capital allocation with focus on maximizing profitability and driving sustainable growth

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rt360 Collections Management System

Identify credit risks proactively, collect more, economically and at an accelerated pace by leveraging state-of-the-art predictive analytics

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rt360 Expected Credit Loss

Recognize expected change in credit risk and onboard a framework to manage forward-looking credit loss. Adopt proven, scientific methods for computing credit losses

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risk management suite
BCT Digital’s rt360 risk management product suite transforms the world’s leading enterprises, drawing on the strengths of next-generation technologies, sophisticated AI/ML models, data-driven algorithms, and predictive analytics. Its revolutionary Fintech, Regtech, and SustainTech solutions help enterprises optimize their core governance, risk, and compliance processes, enabling them to augment their positioning and go-to-market capabilities.

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rt360 product suite
rt360 product suite