Surya FinTech Company Profile

Background

Surya FinTech, a division of Surya Software Systems, specializes in delivering Financial Control and Risk Management solutions tailored for banks and financial institutions. With over two decades of experience, the company has successfully implemented its solutions in more than 20 countries, assisting clients in streamlining financial control and promoting prudent risk management practices.

Key Strategic Focus

Surya FinTech's strategic focus encompasses:

Balance Sheet Management: Offering advanced tools for managing liquidity risk, interest rate risk, capital adequacy, and customer behavior modeling. These tools enable clients to simulate various scenarios at a granular level, providing deep insights into their financial operations.

Regulatory Compliance: Providing solutions that help financial institutions stay compliant with evolving global financial regulations, ensuring up-to-date reporting and freeing up resources for business growth.

Risk Management: Delivering automation tools designed to streamline risk management processes, facilitating the measurement of market, operational, and credit risks, thereby reducing errors and enhancing organizational efficiency.

Financials and Funding

Surya FinTech operates as a privately held entity under Surya Software Systems. Specific financial details and funding history are not publicly disclosed. However, the company has demonstrated consistent growth and financial stability, as evidenced by its expanding global footprint and client base.

Pipeline Development

Surya FinTech continually enhances its product offerings to address the dynamic needs of the financial sector. Recent developments include:

Interest Rate Risk in the Banking Book (IRRBB): Developing a comprehensive framework for measuring and managing IRRBB by anticipating final regulations from provisional ones.

Capital Planning and Stress Testing: Implementing robust solutions that enable clients to assess capital adequacy under various scenarios, identify potential shortfalls, and take proactive measures to mitigate risks.

Technological Platform and Innovation

Surya FinTech distinguishes itself through its innovative technological platforms and methodologies:

Data Harmonizer Engine: A core component that integrates data from multiple systems, ensuring accurate, reconciled data essential for profitability and risk measurement. This engine utilizes RUST programming language for efficient processing and has transitioned to Google's Open-Sourced Protocol Buffer for enhanced data management.

AI-Based Predictive Analytics: The company is developing AI-driven solutions for granular customer behavior analysis, aiming to provide deeper insights and predictive capabilities to clients.

Leadership Team

Surya FinTech's leadership comprises seasoned professionals with extensive experience in financial technology:

D.N. Prahlad: Founder & Chairman. With a background at Infosys, he founded Surya in 1999, leveraging his experience to develop advanced technologies and establish sustainable institutions.

Didier Pichon: Co-Chairman. An accomplished IT leader, he has driven digital transformation initiatives for prominent multinational corporations and has been with Surya since 2017.

Jyothi B.S.: Co-Founder & Group Managing Director. A key driver of the company's growth, she has played a pivotal role in developing Surya’s Financial Risk Management solutions.

Sujanapal P.: Managing Director - Surya FinTech. With over 20 years of expertise in designing and implementing financial technology solutions, he oversees the strategic direction and growth of Surya’s FinTech division.

Sreekanth Mangulam: Co-Founder & Executive Director. Instrumental in the design and delivery of Surya’s flagship solutions, he oversees the company's global business and strategic partnerships.

Srinivasa Rao B.V.: Co-Founder & Executive Director. He has extensive experience in setting up and managing Global Competency Centers for Surya’s international clients.

Gopal Sharma: Managing Director - Surya Digital. With expertise in developing digital solutions, he has contributed significantly to the company's technology strategy.

Sambasivarao Velnati: Chief Technology Officer. With over 15 years at Surya, he leads the development and deployment of Surya FinTech’s product suite and spearheads the company’s AI initiatives.

Leadership Changes

There have been no recent significant changes or appointments within Surya FinTech's leadership team.

Competitor Profile

Market Insights and Dynamics

The financial technology sector is experiencing rapid growth, driven by increasing demand for risk management and regulatory compliance solutions. Surya FinTech operates in a competitive landscape where innovation and adaptability are key to maintaining market position.

Competitor Analysis

Key competitors include:

Infosys: A global leader in technology services and consulting, offering a broad range of financial technology solutions.

Tata Consultancy Services (TCS): Provides comprehensive IT services and has a strong presence in the financial sector.

Wipro: Offers IT services with a focus on digital transformation and has a significant footprint in financial services.

These competitors focus on various aspects of financial technology, including risk management, regulatory compliance, and digital transformation.

Strategic Collaborations and Partnerships

Surya FinTech has established strategic partnerships to enhance its market position and innovation capacity. Notably, the company has collaborated with international clients to set up Global Competency Centers, providing tailored solutions and fostering long-term relationships.