• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: System

technology

BCT Digital Boosts Credit Monitoring with GST Data Integration in rt360 Early Warning System

Nov 6, 2024 by Sujata 0 Comments #System, #Warning

Chennai, November 6: BCT Digital, a global risk and compliance products technology company delivering FinTech, RegTech, and SustainTech solutions, today announced a key enhancement to its rt360 Early Warning System (EWS) with the integration of GST (Goods and Services Tax) data. This new feature is implemented in partnership with a large bank in India with advances of USD 65.5 billion and brings GST non-compliance into sharp focus within the robust rt360 Credit Monitoring framework.

With the integration of GST data into the rt360 EWS, financial institutions now have a powerful tool for identifying and addressing compliance-related risks associated with GST filings. This new capability allows banks to proactively detect potential credit risks tied to GST non-compliance, enabling swift corrective measures.

Jaya Vaidhyanathan, CEO, BCT Digital, stated “The integration of GST data into our rt360 EWS marks a significant advancement in credit monitoring capabilities, aligning with our goal to provide financial institutions with proactive, data-driven risk management. By enabling early detection of compliance risks, this feature strengthens banks’ ability to safeguard their credit portfolios and act swiftly on potential risks. At BCT Digital, we are dedicated to supporting the BFSI sector with innovative solutions that drive resilience and regulatory compliance.”

The new enhancement allows API integration for seamless GST data access, retrieval of all GSTINs linked to a PAN, verification of filing statuses and provides alerts or notifications for non-compliance, along with details on specific non-compliant GSTINs.

BCT Digital’s rt360 product suite has emerged to be a powerful risk management tool, leading the company to rank among top 70 global risk management firms by Chartis. The company’s ‘rt360 Real Time Monitoring System’ successfully tested and received approval by RBI, through a rigorous evaluation during the fourth Cohort of the Regulatory Sandbox themed ‘Prevention and Mitigation of Financial Frauds’.

news

Sustainable Power: Orb Energy Launches 800 kW Solar System for Esteem Industries

Oct 24, 2024 by Sujata 0 Comments #Solar, #System

Mumbai, 24 October 2024: Orb Energy (“Orb”) has successfully installed an 800-kilowatt rooftop solar system at Esteem Industries Private Limited in Alonde, Wada, Maharashtra. This installation is set to generate over 10 lakh units of electricity annually by harnessing solar energy to meet the factory’s electricity demands. In addition to its economic benefits, the project is projected to reduce approximately 1,000 tonnes of carbon emissions (CO2e) each year, reinforcing its role as a key initiative for both cost savings and environmental sustainability.

Esteem Industries is India’s leading manufacturer of surfactants and specialty chemicals with over 30 years of experience. Given the high energy consumption typical of the chemical manufacturing sector, this solar solution offers significant cost-saving potential. The project is expected to generate approximately 3,100 kilowatt-hours of solar energy daily, covering around 80% of Esteem Industries’ daytime electricity requirements. The company is projected to recover its investment in solar energy within 2 years and 3 months, highlighting both economic and environmental advantages.

Saurabh Seth, Orb Energy’s General Manager – PV Projects, commented, “As part of our ongoing commitment to empowering SMEs and MSMEs with solar power solutions, this partnership further underscores our dedication to sustainability. Our solar installations not only bring substantial economic savings but also assist companies in meeting their social, environmental, and governance (ESG) goals.”

Orb Energy’s vertically integrated approach spans from manufacturing to installation, offering businesses a seamless transition to solar power. Additionally, Orb provides collateral-free loans to facilitate solar adoption. With over 310 megawatts of solar systems installed across India, Orb further aims to reinforce its position as a major player in India’s renewable energy sector.