Everyone at Advarisk is on a mission - making sure that Advarisk is at the intersection of all things - fraud prevention- in our country. This is our core vision and the purpose that unites the entire team. What we do!! As a young, dynamic & fast growing startup, we are deeply focused on building a solution for identifying financial fraud in the corporate sector. The impact of these frauds is not limited to the amount of fraudulent transactions but has its impact on the entire economy in form of lost employment, general loss of confidence amongst investors, restrictions on lending thereby impacting economic growth of the country. In addition, the country s Ease of doing business ranking is also affected by lower recoveries from bankruptcies (due to fraud or otherwise). Today, according to a World Bank report - India s recovery rate stands at 26.4% which is lower than our neighbours viz. Pakistan s 44.5%, Sri Lanka s 42.9% & China s 36.9%. This has resulted in a lowly 103rd rank for the recovery from bankruptcies parameter in the overall. What are the hard & scalable problems we are solving??Real time business/financial transaction monitoring.Profiling business entities & people associated with them from public data There is a need to not only conduct a forensic due diligence at the stage of initiating a banking relationship (lending loans) but to monitor the exposure on continuous basis. Monitoring such business transactions is a different realm altogether as compared to monitoring retail credit card transactions due to :- Complex & dynamic relationships between entities- Involvement of multiple stakeholders viz. business value chain, regulators, governments, financial markets- Multiple data points, lack of standardized reporting, industry specific data sources- Scale of transactions (volume of transactions & geographical spread) directly linked to scale of business operations.- High value transactions- High reputation & business sensitivity to false positives- Complex algorithms to uncover web of transactions How do we do it!! Why Deep Tech?? - Tech is core to our mission of how we are able to move in the direction of preventing frauds. Deep tech will help us redefine the entire investigation landscape from being Reactive to Proactive. A lot of this proactiveness will be achieved from real time monitoring of banking transactions in the context of variables external to the banking system. To begin with, real world data poses a big challenge! Data comes in various hues - standardizing the same, dealing with unstructured data, converting it into meaningful structure and then identify patterns, although sounds simple - is a challenge which most of the existing financial technology & banking institutions are unable to grapple with.We strongly believe, with deep tech & AI capability backed by our extensive domain experience - we can help our partners make informed decisions on money they wish to lend or recover from existing ones. We want to enable our partners get better in making such critical decisions. We not only want to help them identify fraud patterns as soon as it happens but get to a stage where we can Predict fraud!! Tech is the heart of what and how we do our business.We have only built a fraction of what we have imagined yet!! Why Advarisk!! If you have a passion to make a difference in the lives of people around you, in our country and thereby around the world by helping the economy shape better, Advarisk offers an uncommon opportunity to build a strong, thriving career. When we partner with our clients across financial institutions, corporate and government entities in protecting their interests against fraud - we not only enable them to take more informed decisions, we are also solving for recoveries & moving in a direction of creating a positive cumulative impact on the economic prospects of our country. Thereby - a socio-economic development leading to a better place to live. People @ Advarisk!! We are always fueled by our team of talented employees who continuously raise the bar on delivering the best in class product experience to our clients. We deeply focus on high impact. You will feel extremely gratified and proud when you see the impact of what you create at Advarisk. You get complete ownership and freedom to experiment, test, innovate and deliver best-in-class product experiences. The founding team has an experience of investigating corporate borrowers across 17 industries having an aggregate borrowing of ~Rs 1 lakh crores. The ability to identify fraudulent/suspicious transactions from publicly available data is what differentiates the team s capabilities from other investigation/audit firms. Result oriented approach rather than a checklist based approach is what drives the team! This has led to uncovering diverse data sources & improving our ability of connecting the dots and identifying the patterns in the data to bridge the information asymmetry between the lenders & the b...
Contact Person : Hirist.com
Company Name : Colosseum Consulting
Location address : Navi Mumbai, Maharashtra, India