In this interview with Fortune India, Deepak Bhawnani, Managing Director of Gurgaon-based tech-enabled risk mitigation firm FIOS, discusses why fines are increasing, where banks fall short, and how technology and third-party intelligence can help cut regulatory risk.
Fios Compliance, an advanced Open Data Intelligence platform, has launched to help organizations strengthen regulatory compliance and mitigate risks through next-generation integrity checks.
Fios Compliance provides relevant and timely extended open data intelligence (a.k.a. OSINT) through its automated screening process, which enhances independent regulatory and risk mitigation checks.
Fios Compliance has launched a global Open Data Intelligence and Extended KYC Platform to automate and enhance regulatory compliance and risk mitigation checks using vast open data sources for various sectors, especially BFSI.
Fios is the Gaelic word for Knowledge. The platform utilizes secure cloud-based technologies that can access a wide range of domestic and international regulatory compliance databases.