ACTICO has been recognized by APAC CIOOutlook Magazine as the recipient of “Top Banking Technology Companies in APAC,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the APAC CIOOutlook research and editorial team based on insights from an interview with Ajit Shah.

ACTICO
Optimize Operational Decisions using Intelligent Decision Automation

Ajit Shah, MD, APAC & MEA

As part of the highly regulated and competitive industry, banks and financial institutions (FIs) have no room for poor operational decisions. Whether it is sanctioning a loan, underwriting an insurance, or mortgage, efficient decision making is crucial to success of business, especially in a digital world. ‘Intelligent decision automation’ has emerged as a new paradigm in the digital transformation journey of enterprises. Intelligent decision automation combines technologies such as AI, machine learning, and cloud computing with human know-how to drive fruitful business outcomes. Germany-based ACTICO leverages cutting-edge technologies in a unified decision management platform that helps FIs to improve their decision making in a reliable, scalable, and sustainable manner. “ACTICO’s Intelligent Decision Automation platform offers agility, control, and intelligence using which FIs’ streamline and automate business processes including lending, on-boarding, underwriting and credit assessment, claims management, fraud detection, product pricing and customer engagement,” states Ajit Shah, Managing Director at ACTICO-APAC.

ACTICO’s platform creates a cohesive bond between humans and machines to empower better operational decision-making capabilities. It enables subject matter experts to author rules-based business logic using an intuitive graphical interface as well as allows generation of machine learning models through automated data analysis.

Driven by intelligent decision automation, ACTICO’s cutting-edge platform offers agility, control, and intelligence using which FIs’ streamline business functions including lending, on-boarding, underwriting and credit assessment, claims management, fraud detection, product pricing and customer engagement

The models are easily replicable and their versioning securely governed in a central repository, thus enabling FIs to respond rapidly to changes in regulations and market conditions. The platform overhauls the conventional approach of using machine learning in standalone systems and integrates it into the business by combining expert knowledge and data knowledge to optimize decision-making.

Using the scalable and comprehensive decision management platform as the backbone, ACTICO offers two custom offerings in the areas of credit risk management and compliance. The Credit Risk Management Platform enables the analysis of credit risks, the automation of lending and decision-making processes as well as continuous risk monitoring. Core features of the platform include capturing and spreading financial statements as well as a flexible framework for the implementation of internal rating and scoring models. Based on an in-depth risk assessment, the platform enables the implementation of complex strategies and workflows for credit origination and monitoring. The ACTICO Compliance Suite provides assistance in every area of compliance and fraud management, from transactions and securities to complex behaviour patterns and risk analysis and is used to automate compliance processes such as anti-money laundering, KYC, fraud, prevention of market abuse, and insider trading detection.

Companies ranging from innovative start-ups, small/mid-size to Fortune 500 firms use ACTICO technology to manage risks, fulfil regulatory compliance obligations, prevent fraud, enhance digital customer engagement and optimize operations. A case in point, one of the largest finance company in India uses ACTICO Platform to decouple decision strategies from conventional loan systems and use the platform as a unified decisioning and automation engine across the lending business including areas such as credit decisions, fraud and credit line management.

ACTICO News

Optimize Operational Decisions using Intelligent Decision Automation

ACTICO, a leading global provider of intelligent automation and digital decisioning, is pleased to announce that it has been featured as an SLT Star in the Risk Management category in the IBS Intelligence Sales League Table (SLT) 2020.

Based on the 2019 global sales figures, this ranking aims to demonstrate the success of financial software vendors by assessing systems purchases across 1,700 banks in 150 countries. The 2020 Sales League Table saw a 70% increase in the total number of deals evaluated with ACTICO securing the 2nd spot in the Risk Management category.

Ajit Shah, Managing Director – APAC, Middle East & Africa, commented, “Getting featured in the SLT in our first year of participation is a testament to the value we create for our clients globally. My team and I are humbled by this recognition and will continue to exceed our customers’ expectations, especially in these trying times”

“We are pleased to welcome ACTICO to the IBSI SLT 2020 Star club in the Risk Management Category. The SLT ranking is purely based on sales performance and hence, is a true barometer of market recognition. Congratulations, ACTICO!” said Mr. V. Ramkumar, Senior Partner, IBS Intelligence.