BANKiQ - Early Warning Systems (EWS)
Identify financial risks, protect loan portfolios, & adhere to compliance with an intelligent EWS built for modern banking.
Fraud in loan accounts and digital payments is at an all-time high, exposing banks to credit risks, financial losses, and regulatory scrutiny. Many financial institutions operating with legacy systems struggle with inefficient fraud monitoring, delayed reporting, and limited oversight, making early detection nearly impossible. To combat this, the Reserve Bank of India (RBI) has mandated the integration of a robust EWS to detect and mitigate financial risks.
BANKiQ PULSE is a hosted Fraud Risk Management (FRM) solution with an AI-powered EWS platform designed to strengthen financial security. By identifying early signs of financial stress, tracking red flags, and detecting suspicious transactions in real time, PULSE enables financial institutions to proactively manage risks and comply with regulations.
Key Capabilities of BANKiQ EWS Platform for Identifying Stress Signals, Managing Credit Risks & Preventing Fraud
Red Flag Monitoring
Identify early stress signals in loan accounts and monitor for red flags, such as delays in repayments, restructuring, irregularities in collateral valuation, and more. Our Early Warning System for banks enables real-time risk detection, ensuring effective fraud assessment, prevention, and compliance.
Transaction Monitoring
Track borrower transactions and flag anomalies to detect suspicious activities, misuse of funds, or other risky behaviours that indicate fraud. With a complete 24/7 vigilance capability, our EWS Platform ensures that all transactions are monitored in true real time, allowing for immediate detection and response to unusual patterns.
Data Integration
Gain full governance and oversight with a centralised risk profiling system. BANKiQ AI-powered EWS Platform unifies various data sources, including LOS, LMS, credit reports, and third-party sources for behavioural profiling. With our solution, banks can consolidate real-time data and automate risk assessment, leading to faster fraud detection and response.
Automated Alerts
Receive automated alerts for key risk indicators, like missed payments, declining credit scores, and more. Through BANKiQ PULSE, financial institutions can get instant notifications on deviations in borrower behaviour, transaction patterns, and credit risk trends, enabling swift intervention to prevent fraud and derisk operations.
Real-time Risk Scoring
Evaluate real-time risk scores based on transactional data and borrower behaviour. With our hosted FRM with EWS, banks are equipped with proactive capabilities to identify potential loan risks and flag them for investigation. This risk-based threat intelligence aids in action before the loan turns into a non-performing asset.
Comprehensive Reporting
Regularly report fraud incidents to the FIUs and Central Bank to reduce regulatory risks. Our solution supports internal and external reporting that helps senior management and regulators for timely intervention. This approach ensures transparency and assists in decision-making.
Data-driven Decision Making
Stay ahead of evolving loan and credit threats by integrating advanced AI-ML-based analytics to identify risks, assess behaviour, and make proactive risk decisions. With PULSE, risk professionals gain strategic insights into borrower trends, transaction anomalies, and emerging fraud patterns, enabling informed and effective risk management.
Extended Benefits of our EWS Platform
Scalable
cloud-based model
Client
User Portal
Out-of-box Internal
Reporting
24/7 x 365 Monitoring &
case management
Pre-packaged Fraud Rules &
Scenarios & Early
Warning Signals
Pre-Filter
Customization
Auditing & Extensive
Performance management
On-demand Quick
Response Team (QRT)
BANKiQ - Strengthening Risk Management through Intelligent EWS
As a transformative force in financial crime management, BANKiQ has been instrumental in delivering intelligent Fraud Risk Management solutions. In alignment with the RBI’s latest advisory for small, mid-sized, and cooperative banks, our solution is custom-built to address the specific challenges of these institutions. Designed to proactively support detection, response, and, reporting of loan frauds and credit risks, our EWS platform is equipped with cognitive intelligence for comprehensive protection
To learn more about BANKiQ PULSE.
Markets We Cater To
Co-operative Banks
Small & Medium Banks
Neo-Banks
Credit Societies
Get Started Today
Schedule a demo and discuss your fraud prevention strategy with our solutions team.
FAQ's
An Early Warning System is a multi-risk detection framework that helps financial institutions identify early financial stress, detect fraud, and prevent risks from escalating. With its capabilities to monitor transactions, identify anomalies, and protect banks from fraud, it is an imperative tool for proactive risk management. An EWS is crucial because it helps banks reduce NPAs, prevent fraud, comply with regulations.
The recent advisory mandates that banks should implement an Early Warning System (EWS) to detect and mitigate financial risks. Banks must monitor red flags in loan accounts, track unusual transaction patterns, automate risk alerts, and ensure comprehensive reporting. The goal is to strengthen fraud risk management, enhance credit monitoring, and improve regulatory oversight for better financial stability. To achieve this, RBI has directed financial institutions to use technology-powered solutions that can empower real-time protection, compliance, and decision-making.
BANKiQ PULSE, with its Cognitive AI-ML-powered Early Warning System for Banks, helps prevent loan frauds and credit risks by detecting early signs of financial stress, tracking red flags, and automating fraud alerts. It integrates transaction monitoring, risk scoring, and borrower behaviour analysis to identify irregularities in real time. Through reporting and risk assessment capabilities, PULSE enables banks to take proactive action, minimising defaults and financial losses while ensuring stronger credit monitoring.
BANKiQ provides ongong technical support and expert advisory services to ensure seamless operation and compliance. We offer integration assistance, training, and real-time monitoring support for effective risk management. Specifically for our PULSE & EWS program, we also provide an on-demand Quick Response Team (QRT) for immediate fraud intervention and risk mitigation.
To get started with our EWS platform, visit our contact us page or call us at +91 9820281493.