NCS: Helping Clients across BFSI to Overcome Audit Challenges via Ethic

In the recent past, compliance risk has become a major concern for financial-institutions. Even though financial institutions outplay these risks, newer challenges like conduct risk, next-generation Bank Secrecy Act & Anti-Money Laundering (BSA/AML) risk, and third- and fourth-party (subcontractors) risk, continue to emerge leaving the BFSI floundering for support. What the BFSI domain needs now are vendors who provide an array of solutions that can aid the financial institutions to effectively and efficiently manage risk-and-control frameworks so as to make them robust and sustainable over time.
NCS SoftSolutions, headquartered in Chennai, proffers NCS eTHIC, an application that battles audit challenges- right from planning to audit closure- that any client faces. Aiding clients to save up to 30 to 45 percent of the time taken for the entire audit process, eTHIC catalysts efficiency in the Banking audit process. The application enables financial institutions to identify high risk areas with respect to process, product across the Bank, thus helping them to take pro-active steps to control risks & frauds. Moreover, eTHIC helps Banks to effectively conduct RBIA (Risk based Internal Audit). The Web Based Audit Application sets user defined parameters to undertake Risk and Trend Analysis. Similarly, the application provides automatic reports for Audit Heads, Top Management, ACB and board. “eTHIC has been implemented by all major banks .The potential for eTHIC is very big market in industries like Insurance, NBFC’s, New Banks and Cooperative Banks that are yet to be discovered. In another 2 to 3 years we believe that eTHIC will capture these areas too,” says Dinesh Asir, Director.

The company leverages over 10 years of domain expertise to provide customer retention and process adherence to clients. NCS further strives to facilitate customers to retrieve maximum profit margins via smaller teams than their service-oriented competitors. Having being consciously and consistently focusing on product building and implementation, NCS intends to expand its footprints across the Middle East and the South-East Asia. Besides, the company aims to delve deeper and come up with innovative technologies to provide differentiated offerings in the less explored areas of Audit, Risk Management & Compliance in the BFSI space and end-to-end Ads and Content workflow in the Media space.

NCS SoftSolutions commands the patronage of some of leading Banks & Media houses

Also, NCS provides a complete ad booking platform that enables anyone to book the ads from anywhere anytime for media vertical called AdstoALL. It is a cross media application that supports both B2C range of activities and B2B range of activities. It facilitates the complete Ad booking workflow in a more simple and efficient way, thereby reducing the time and cost associated with ad booking process. It broadens the publisher target segment without much work process and easy of use.
NCS SoftSolutions commands the patronage of some of leading Banks & Media houses, where the clients include State Bank of India, SBI groups, Axis Bank, Indian Overseas Bank, The Hindu, Daily Thanthi, Macmillan Publishing Services, L&T Finance and more.The products are available in Microsoft Azure Cloud platform on a Software-as-a-Service model.