AVATI Company Profile

Background

Company Overview

AVATI Consulting Solutions (P) Ltd., established in 2013, is a specialized firm providing comprehensive risk management solutions tailored for the banking and financial services industry. The company is headquartered in Mumbai, Maharashtra, India, and operates with a dedicated team of professionals focused on balance sheet risk and finance management.

Mission and Vision

AVATI's mission is to become the partner of choice for financial institutions in their journey toward implementing best practices in risk management. The company envisions offering a comprehensive suite of high-quality products, solutions, frameworks, consulting, and technology services to address all risk management needs of its clients.

Primary Area of Focus

AVATI specializes in providing integrated risk management solutions, focusing on balance sheet risk and finance management for the banking and financial services sector. Their flagship product, RiskCube, offers a 360-degree view of risk strategy, business, and compliance.

Industry Significance

In the evolving landscape of financial regulations, AVATI plays a crucial role by assisting financial institutions in navigating complex frameworks such as IFRS 9, Basel III, and Basel IV. Their solutions enable banks to enhance risk assessment, compliance, and reporting processes, thereby strengthening the overall stability and integrity of the financial sector.

Key Strategic Focus

Core Objectives

Comprehensive Risk Management Solutions: Develop and implement end-to-end risk management platforms that address various facets of financial risk.

Regulatory Compliance: Assist clients in adhering to international standards and regulatory requirements, including IFRS 9 and Basel frameworks.

Technological Integration: Leverage advanced technologies to enhance the efficiency and effectiveness of risk management processes.

Specific Areas of Specialization

Credit Risk Management: Development and deployment of credit rating and scoring models.

Market Risk Analytics: Tools for assessing and managing market-related risks.

Asset Liability and Liquidity Management (ALM): Solutions for evaluating and managing asset-liability profiles and liquidity positions.

Capital Assessment and Planning: Platforms for calculating regulatory capital requirements and conducting stress testing.

Key Technologies Utilized

Integrated Risk Data Warehouse: Centralized data repositories that support comprehensive risk analysis and reporting.

Business Intelligence Interfaces: Tools that enable users to access data directories and create ad hoc reports efficiently.

Stress Testing Platforms: Systems that facilitate the development of robust, auditable, and transparent stress testing scenarios.

Primary Markets Targeted

AVATI primarily serves the banking and financial services industry, focusing on institutions in the Middle East, including countries such as Bahrain, Saudi Arabia, Qatar, Jordan, and the UAE. The company has also expanded its footprint to India and is exploring opportunities in other regions.

Financials and Funding

Funding History

Specific details regarding AVATI's funding history, including total funds raised and recent funding rounds, are not publicly disclosed. The company operates as a private entity and has not publicly announced any external funding or investment rounds.

Notable Investors

As a privately held company, AVATI has not disclosed information about its investors.

Utilization of Capital

While specific details on the utilization of capital are not publicly available, it is evident that AVATI invests in developing and enhancing its risk management solutions, expanding its market presence, and strengthening its technological infrastructure to meet the evolving needs of the financial services industry.

Pipeline Development

Key Pipeline Candidates

AVATI's primary offering is the RiskCube platform, which encompasses various modules designed to address different aspects of risk management. Key components include:

IFRS 9 ECL & Provision Reporting System: Automates the implementation of IFRS 9 guidelines and supports business decision-making processes.

Asset Liability & Liquidity Management (ALM): Assesses and manages the overall asset-liability profile over time.

Capital Assessment Platform (CAP): Calculates regulatory capital requirements in line with Basel III/IV standards.

Credit Risk Engine: Deploys credit rating and scoring models to evaluate credit risk.

Portfolio Risk & Early Warning Dashboard: Provides customized views of the overall group portfolio, including early warning signals.

Capital Forecasting (ICAAP): Conducts forward-looking assessments of capital requirements covering various risks.

Stress Testing Platform: Develops robust and transparent stress testing scenarios.

Market Risk System: Performs risk and return attribution for equity, fixed income, and foreign exchange portfolios.

Collateral Management: Manages collateral operations, including mapping to customers and facilities.

Risk Data Warehouse: Integrates core business systems to facilitate comprehensive risk analysis.

Stages of Development

These modules are at various stages of development and implementation, with some already deployed in client institutions and others in the process of customization and deployment.

Target Conditions

The modules are designed to address a wide range of risk management needs, including credit risk, market risk, liquidity risk, and regulatory compliance.

Anticipated Milestones

AVATI continues to enhance its offerings, with plans to expand its product suite and enter new markets, as evidenced by its recent expansion into Oman and Iraq in 2023.

Technological Platform and Innovation

Proprietary Technologies

RiskCube Platform: An integrated product platform for active risk management, compliance, and reporting for financial institutions.

Significant Scientific Methods

Integrated Risk Data Warehouse: Supports comprehensive risk analysis and reporting.

Business Intelligence Interfaces: Enable users to access data directories and create ad hoc reports efficiently.

Stress Testing Platforms: Facilitate the development of robust, auditable, and transparent stress testing scenarios.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, AVATI's focus on advanced technologies suggests potential integration of AI and machine learning in their risk assessment and management solutions.

Leadership Team

Key Executives

Jignesh Kamdar: Founder with over 20 years of experience in risk management for the financial services industry. He specializes in managing large-scale risk implementation programs for banks, including IFRS 9, Basel II/III implementation, and credit risk modeling.

Dipti Raman: Founder with over 26 years of experience in consulting and product development, focusing on banking and risk management for the BFSI segment. She leads the risk management product business, overseeing technology and development of products, business development, client management, and implementation.

Dr. Surendra Barsode: Director of Middle East Operations with 40 years of experience in risk management, having worked in senior management roles for banks in the Middle East and India. He currently heads the UAE office and guides the company on client management, business development, product R&D, and domain expertise.

Nilesh Pardeshi: Head of Business Development with over 19 years of experience in sales, business development, account management, and operations management across the Fintech, Banking, and BFSI sectors. He focuses on the Middle Eastern, African, and Asian markets, driving strategic partnerships and delivering tailored solutions in banking technologies and digital transformation.

Gopi Suvanam: Head of Analytics with more than 15 years of experience in financial analytics and markets. He has worked for Deutsche Bank in New York and London and has advised financial institutions on market risk activities, including policy formulation, market risk framework, and building and implementation of critical market risk systems.

Competitor Profile

Market Insights and Dynamics

The financial services industry is undergoing significant transformation due to evolving regulatory requirements and the need for enhanced risk management practices. Institutions are increasingly seeking comprehensive solutions that integrate risk assessment, compliance, and reporting to ensure stability and compliance.

Competitor Analysis

AVATI operates in a competitive landscape with several players offering risk management solutions. Key competitors include:

G-Square Ltd.: Provides AI and ML-driven data analytics and business intelligence solutions, offering a unique combination of business understanding, analytics products, and machine learning expertise.

Focus Solutions: An IT services and consulting firm based in Amman, Jordan, specializing in the development of collection, debit, remedial, and financial technology solutions targeted at financial institutions in the Middle East and North Africa region.

avati