We are excited to share that Crediwatch has been selected by the Reserve Bank of India for the test phase of the regulatory sandbox for the prevention and mitigation of financial fraud. Crediwatch is one among the six other applicants who got selected from a total of nine applications received by RBI.
With this excellent opportunity we will be working very closely with the central bank authorities to test out the Crediwatch Early Warning System for financial fraud prevention.
Currently deployed at some of the top banks in the country, Crediwatch EWS helps lenders track borrower health across multiple dimensions from public and private data to highlight default possibilities well ahead of time, thereby helping banks mitigate non performing risks.
Here are some recent news articles about Crediwatch slecetion:
RBI Press Release
The Reserve Bank had announced opening of the Fourth Cohort under Regulatory for theme ‘Prevention and Mitigation of Financial Frauds’.
Read More →
Money Control
Six entities, including HSBC and Crediwatch, have been allowed to test their fintech products to prevent and mitigate financial fraud.
Read More →
The Hindu Business Line
Financial fraud and risk containment. RBI opens sandbox to 6 firms to test anti-fraud solutions.
Read More →
The Economic Times
RBI allows six entities to test fintech products to deal with financial frauds under sandbox scheme.
Read More →
