Fighting Financial Crime - Exclusive Evening with Our Clients

The New Regulatory RBI Mandate: A Challenge and an Opportunity

The event was held in direct response to the recent RBI mandate on KYC updates, which provides a major relief for customers but presents a new set of technological challenges for financial institutions. For banks, the challenge is to automate the complex process of obtaining secure customer consent and seamlessly matching new CKYC data with existing records—a task that is inefficient with manual or fragmented legacy systems.

The central theme of the event was to show how Trackwizz has developed the technology to get banks equipped for this process in minimal time. Mr. Sagar Tanna, a key leader at Trackwizz, took the audience through a detailed stage demonstration on how to tackle this challenge head-on with a clear vision of transitioning from manual processes to automated, unified solutions.

A Comprehensive Look at Our Product Suite

Mr. Tanna's live stage demonstration provided a clear view of how our tools function to address critical compliance pain points. The product demonstrations, all powered by the "Power of one" integrated platform, included an in-depth look at:

• Re-KYC with CKYC: This session highlighted leveraging CKYC to efficiently manage periodic Re-KYC processes. Mr. Tanna demonstrated how our platform completes over 40% of Re-KYC records without customer interaction, ensuring compliance and frictionless experience by analyzing CKYC changes and automating data updates seamlessly.
• Digital Onboarding: The session showcased a fully automated onboarding process, capturing customer data, obtaining consent, and ensuring compliance. Attendees observed how the platform intelligently triggers verification messages and OTPs at every stage, creating a seamless, efficient, and secure customer onboarding experience while maintaining regulatory standards.
• Screenzaa: A key highlight was demonstrating Screenzaa, our advanced screening tool. Using a powerful matching engine, it handles massive data volumes, reduces false positives, and ensures strict PMLA compliance. The demo included 149 checks, covering Adverse Media, FRI, MNRL, and other critical regulatory parameters.
• Transaction Monitoring: This session presented a real-time solution for detecting suspicious transactions and activities, strengthening financial institutions’ defenses against crime. By analyzing historical data, assessing customer behavior, and identifying anomalies, the platform ensures timely alerts and compliance with anti-money laundering regulations.
• CKYC Reporting & Managed Services: Clients learned how our CKYC reporting and managed services reduce operational complexity. By automating data submission, validation, and updates, the services simplify compliance workflows, ensure timely reporting, and minimize manual effort, allowing institutions to focus on core activities while meeting regulatory obligations.

An Exclusive Look at the Future

The evening also provided attendees with a glimpse into the future of RegTech with a live demonstration of the new Internet Due Diligence (IDD) product. A QR code was displayed for attendees to scan, initiating an automated WhatsApp chat that guided them through a real-time background check. This tool is designed to help with initial screening and fraud reduction.

Guest of Honor: A Call for Constant Evolution

Dr. John Mathews (DBA, CAMS, CM-IRM) invited the guest of honor, Shri Sivasubramanian Ramann (IA & AS), Chairperson PFRDA and former CMD of SIDBI, on stage for a highlight address of the evening. He discussed the fusion of law, technology, and public policy, urging the audience to consider morality alongside legality. Highlighting regulators’ need for constant evolution, he praised ethical companies like Trackwizz and commended India’s landmark financial sector decisions that have made the country one of the safest for capital markets.

Client Experience and Interaction

Following the stage and IDD demonstrations, guests were invited to visit dedicated solution stalls in the hall. Here, they experienced the platform's capabilities firsthand, interacting directly with Subject Matter Experts to understand the practical applications of the technology. These stalls provided detailed information and deep dives into all solutions, including Disclosure 360, which was available for in-depth discussion on its function to simplify insider trading disclosures and manage Unpublished Price Sensitive Information, ensuring compliance with SEBI and IRDAI regulations.