About the speaker
Jaya Vaidhyanathan is the CEO of BCT Digital. It is a division of Bahwan CyberTek (BCT), a global technology company specializing in Digital Transformation, Predictive Analytics and IoT. She joined as an ‘intrapreneur’ and kick started their FinTech initiatives. This was to build global quality products for the Indian Banking system keeping in mind the unique challenges and culture of the banking system in India. During an interaction with TheTechPod – “There’s a lot of movement towards data privacy worldwide,” says Jaya Vaidhyanathan.
At BCT, Jaya started FinTech’s risk management product portfolio, today, known as rt360. What started as a product to track and reduce NPAs, the product portfolio now addresses all types of risks a bank faces. Including Model Risk, Operational Risk, Technology Risk, and Liquidity Risk providing a much-needed fillip in the banking industry. It combines the latest in global technology including artificial intelligence, RPA, and blockchain. Also, through these efforts, a new mantra was created. “Reverse Innovation” meaning that products made in India would have a global reach. Instead of the reverse that had been prevalent in global markets for the past decades.
About the company
BCT Digital focuses on the risk management and regulatory needs of the banking and finance sector (BFSI), on a global scale. The core of BCT Digital’s offerings lies in the ability to identify gaps and building solutions that are both specifically suited to India and yet scalable to the global markets. Also, BCT Digital is a niche player in the RegTech arena that adopts emerging technologies to enable financial institutions to mitigate risks, ensure liquidity and improve customer engagement.
In an interaction with Rohit Sardana, Jaya Vaidhyanathan speaks about the future of fintech in India. Also, Rohit Sardana is the Editor-in-Chief at TheTechPod and Co-founder of IncubateIND. Let’s hear the complete podcast. And, also understand – “There’s a lot of movement towards data privacy worldwide – Jaya Vaidhyanathan.”