rt360 Real Time Monitoring System
Prevent frauds. Monitor financial transactions in real/near-real-time
Enhancing fraud detection and prevention with real-time monitoring
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
Near-real-time transaction data ingestion
Near-real-time transaction data ingestion
Near-real-time alert generation
Near-real-time alert generation
Targeted alert handling
Targeted alert handling
Highly modular
Highly modular
Benefits
Enhanced transparency
Real-time monitoring and feedback
Seamless integration
Round the clock monitoring
Intelligent detection
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
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
Download Nowrt360 Early Warning System
Stay alert, efficient and profitable by identifying credit risks proactively and leveraging end-to-end predictive analytics
Download Nowrt360 RAROC Calculator
Ensure dynamic risk-based pricing and efficient capital allocation with focus on maximizing profitability and driving sustainable growth
Download Nowrt360 Collections Management System
Identify credit risks proactively, collect more, economically and at an accelerated pace by leveraging state-of-the-art predictive analytics
Download Nowrt360 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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