Sustainable Compliance made Real
PiChain uses AI and Blockchain along with Deep Domain Expertise to ensure Sustainable Compliance Management
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Testimonials
Manager – Unilever
Specification and design processes are much more compliant and efficient thanks to PiChain’s development work. Invested as an authentic partner, they provided comprehensive management at an affordable price point. Their communication and team-first attitude were particularly noteworthy.
R&D Support
भारतीय विज्ञान संस्थान
Investors
WHO WE ARE
Pichain is a RegTech with the mission to make compliance sustainable. We research and develop DeepTech systems that can proactively learn, solve and automate complex business problems like compliance for Enterprises. We do so by leveraging the combined strength of Artificial Intelligence and Blockchain.
Solutions
KYB
Businesses Verified in Real Time with atleast 40% reduced false positives.
Comprehend over 3500+ pretrained business and financial document types.
Discover,verify and validate ownership structure.
Guaranteed Identification of UBO’s in complex hierarchical structure.
Single Smart portal for all your screening needs.
– 1.4 Million+ PEP Profiles
– 1200+ Trusted Watchlist Sources
AML
Real-Time Predective Transaction Screening
Upto 93% Reduction in False Positives.
Proactive fraud management using dynamic risk coverage metrics.
Seamless integration to legacy and new age systems.
Automated update of changing regulations.
FATCA/CRS
Automated non-compliance detection and reporting using hybrid AI.
Automated Tax form discrepancy alert.
Reduce 90% redundancy by Effective stakeholders management.
Dynamic reporting to country specific tax authorities.
Hybrid Cross verifcation of customer data.
DeepPiTM
DeepPiTM is PiChain’s marque deepTech platform. It augments Compliance officer to provide faster, better and, accurate decisions by rapid knowledge extraction, tacit knowledge capture and precision recommendations. It uses a plethora of topnotch AI algorithms and Blockchain modules customised to perform best together.
What makes DeepPiTM Unique?
• Double the productivity with the same team size
• Zero dearth of skilled resources
• Double the productivity with the same team size
• Zero dearth of skilled resources
• Unified platform for all stakeholders
• Ground breaking speed
DeepPiTM
DeepPiTM is PiChain’s marque deepTech platform. It augments Compliance officer to provide faster, better, and, accurate decisions by rapid knowledge extraction, tacit knowledge capture and precision recommendations. It uses a plethora of topnotch AI algorithms and Blockchain modules customised to perform best together.
Challenges of Enterprise Process Team
Enterprises have very complex
SME (Subject Matter Expert)
driven processes that
generate immense value for
their customer.
An SME has to tap into many
different systems, get the relevant
data, and prepares data into right set
of information and then executes a
process.
The complete decision making
process is a measured combination of
Data, Experience and a set of
specialised Actions.
Consequences
Skill takes long time to learn so
Dearth of Skilled Resource
Productivity is directly proportional
to team size
Quality is directly proportional
to time taken
Sectors
FINANCE
Since the 2009 meltdown what are the biggest challenges of banks and financial institutions?
1. Tougher Regulations
2. Hefty Penalties of Millions and Billions
3. Increased cost of Compliance.
DeepPiTM ensures that all the regulatory decisions and compliances that may lead to financial, reputation, or legal losses are 100% covered. It ensures a drastic reduction in compliance cost (at-least 30% cost reduction guaranteed) with increased accuracy.
CPG/Retail
The major challenges in CPG and Retail?
1. Distributed teams and process issues.
2. Complex process leading to delays and inefficiencies.
3. High investment in shared services due to complex processes
DeepPiTM ensures that CPG processes are 70% more efficient, 30% cheaper, and, 100% compliant in an innovative way.
MANUFACTURING
The major challenges of an Aero engine or an Automobile engine manufacturer are:-
1. Losing revenue due to process bottlenecks.
2. Complex process leading to delays and inefficiencies.
3. Distributed teams and process issues.
DeepPiTM in an innovative way reduces the production and repair time. it prevents revenue loss and completely ensures a guaranteed 100% compliance.
Case Studies
KYC/AML Compliance for Commercial Banking Segment
Read More >>
Foreign Account Tax Compliance
Read More >>
Credit Risk and Compliance
Read More >>
Automated GDPR Compliance for Web Portals across brands
Read More >>Case Studies
Manufacturing Design Compliance
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Automated GDPR Compliance for Web Portals across brands
Read More >>
Foreign Account Tax Compliance
Read More >>
Credit Risk and Compliance
Read More >>
Crop Quality Compliance
Read More >>
KYC/AML Compliance for Commercial Banking Segment
Read More >>Manufacturing Design Compliance
About Customer
One of the world’s largest CPG Enterprise with an annual revenue over 50B USD.
Business Context
The compliance team at the Packaging Material division of the organisation had only 30 specialists (SME). Around 1000+ packaging blueprints are released weekly. The key job of the specialist is to go through these packaging blueprints and create Packaging Material Document called PAM. A PAM consists of 5500+ fields to be filled and verified via a Maker and Checker mechanism. Each PAM goes through multi cycle of approvals for packaging specification compliance, environmental and material compliance, quality compliance etc before it reaches a manufacturer. This whole process was taking a whopping 120 – 150 business days per PAM before it reaches production.
Challenge Poised to PiChain
- Reduce the TAT.
- Increase the Productivity.
- Increase the Quality.
Read the case study to see how we have done a 5X boost in productivity, 7X reduction in TAT and 3X increase in quality.
Automated GDPR Compliance for Web Portals across brands
About Customer
One of the world’s largest CPG Enterprise with an annual revenue over 50B USD.
Business Context
The penalties for non-compliance to GDPR can be as high as few million euros. The compliance team of the organisation had whopping task in hand. The organisation had separate portals for each brand targeted towards multiple geography and in many different languages. This constituted around 2000+ multi page web portals across the globe with 7 different languages. There were 300 to 500 new campaigns launched every week which means changes to portals thus an on-going task of compliance. Verifying each portal took more than 3 hours for each compliance officer. It was an uphill task to do everything manually that is to complete in time and keep the quality intact.
Challenge Poised to PiChain
- Zero non-compliance.
- Increases Productivity.
- Precision Recommendations.
Read the case study to see how we have done a near real time zero non-compliance, 10X increase in productivity and 97% Precision Recommendations.
Foreign Account Tax Compliance
About Customer
One of the world’s largest French multinational investment bank and financial services Company with an annual revenue over 24B USD.
Business Context
FATCA is a US Regulation requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S and to report the assets and identities including their non-U.S. financial assets annually to the IRS.
Non-Compliance of the regulation potentially carries a hefty penalty and loss of brand value which impacts all the entities in 19 counties
This process is highly operational and contains a heavy financial risk.Currently it is a highly manual process, up to 120 business days are consumed to ensure compliance at every entity. Another biggest issue is Ineffective communication between different stakeholders causing delay and redundancy.
Challenge Poised to PiChain
- Increase accuracy with compliance verification.
- Automate FATCA non-compliance detection.
- Enhance, Automate, and create Effective digital communication between different stakeholders, towards zero redundancy.
Read the case study to see how we have done a 7X increase in Compliance Verification accuracy, fully automated non-compliance detection and 100% automated workflow for effective communication.
Credit Risk and Compliance
About Customer
One of the world’s largest French multinational investment bank and financial services Company with an annual revenue over 24B USD.
Business Context
The company has a set of product offering for its retail customers. To successfully sell these product offerings there is a need to assess risk trends and predict the likelihood of late payment from customers within certain segments is a priority. Credit managers typically segment risk by sales channels, with different risk profiles in each segment depending on the risk tolerance of the individual Customers then target them with the appropriate products.
Manually it is both impossible and error prone to go through millions of rows of customers data, identify hidden patterns, and, then do the mapping of right prospect with the right product(s) based on the credit risk.
Challenge Poised to PiChain
- Identification of Right Customer Segment based on the Credit Risk.
- Predictive Risk Assessment and Map the right customer(s) to right product(s).
- Increase target push sales and improve ROI.
Read the case study to see how we have done a 78% increase in ROI and reduced the Credit Risk by 80%.
Crop Quality Compliance
About Customer
2nd Largest Buyer of Maize in the World which needs about 1000 Metric Tons per Day.
Business Context
Company uses Corn Starch for a wide variety of Pharmaceutical products and in order to match the Indian Pharmacy and British Pharmacy standards, extreme supervision and care is taken during the manufacturing process. The basic raw material (maize) used for producing Pharma Grade Maize Starch needs to be the highest quality and supreme hygienic conditions are maintained during the manufacturing process.
To ensure compliance to the above requirements there is need to educate the farmers on the compliance guidelines during the cropping process so that the wastage is reduced and also there is more yield which can pass the certification of the buyer’s strict quality guidelines.
Challenge Poised to PiChain
- Make the certification compliance assessment process transparent and easily available to Farmers.
- Increase Yield which passes the Certification process.
- Increase the productivity of the Quality Officer.
Read the case study to see how we have done a 3X improvement in Yield Quality, created certification compliance assessment process transparent to the farmers, 70% increase of productivity of Quality.
KYC/AML Compliance for Commercial Banking Segment
About Customer
A British multinational investment bank and financial services holding company with over 40M Customers across its business.
Business Context
A bank which was stung by a fine to the tune of $2B by US and $300M by an european nation wanted to get its house in order. To get this done it recruited a human army of analysts. The key goal was to identify the Ultimate Business Owner and his/her associations to prevent any non-compliance.
The key challenges faced by the SME were as follows:-
- Unstructured set of documents for each commercial customer to the tune of 2000+ pages.
- They key documents needed to verify a customer may lie inside any of these 2000+ pages thus it was necessary to go through all these documents.
- This manual activity was consuming more than 35% of the productive time of an SME.
Challenge Poised to PiChain
- In the shortest possible time(seconds) classify each document.
- Identify in a particular order the page number of a relevant document for eyeballing by Compliance Officer/Auditor.
- Increase the productivity of the SME.
- Reduce errors induced by a human analyst.
Read the case study to see how we freed 35% of the SME working hours to achieve better productivity , 81% of increase in final quality to avoid any penalty due to non-compliance.
Start Growing With DeepPiTM
With tools to make every part of your process more efficient and a team excited to help you,
getting started has never been easier.
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Leadership
Business
Product
Technology
Artificial Intelligence
Solution
Blogs
Developed countries in AI and cyber capabilities have a clear head start in establishing the control mechanisms to provide security for their citizens. Unfortunately maintaining.
As the volume of transactions continues to increase and money laundering techniques become ever more sophisticated. The financial institutions face fundamental challenges on anti-money laundering.
Businesses that offer their services to other businesses have to be extremely careful in their customer on boarding processes. If you are a regulated entity like a Bank, Financial Institution or a Business entity.