SLO TECHNOLOGIES PRIVATE LIMITED

In their own words

The Indian Banking system recorded a sharp rise in Non-performing assets (NPA) and restructured loans in the last 4 years. As on March 31, 2016 the amount of NPAs and restructured loans aggregated INR 8.2 trln, with corporate borrowers accounting for a major share. The current ecosystem is reactive in nature, responding to frauds after the damage is done. While this could still salvage some value for the lenders, there is an acute need for a proactive system that enables early detection of fraud. We see an acute need for timely actionable intelligence for making informed investment decisions to prevent frauds not only for the lenders but also for other investors viz. private equity funds, stressed asset players and portfolio investors who seek returns commensurate with the higher risks entailed. Our audacious goal was conceptualized with a view to fulfill this vital need. We, at Advarisk, seek to revolutionize the way investment decisions are made and monitored With hands on experience of having investigated reported (known in public domain) as well as unreported frauds, we seek to build an exhaustive repository of fraud patterns. We are continuously investing in technology, which along with our repository of fraud patterns, helps us decode financial statements and analyze market trends, thereby enhancing our investigation capabilities and cutting short the response time.

Written by the company on its public Startup India profile. Not verified by us.