The Challenge
A prominent investor is seeking to make an investment in an NBFC, and The Digital Fifth has been tasked with conducting a comprehensive evaluation of the technological capabilities of the NBFC.
Program Brief
The following outcomes are expected from the project:
- Functionality
- Scalability and Resilience
- Readiness of API interfaces
- Current technological capabilities to serve the target segment
- Regulatory compliance focused on the technology of the NBFC systems
- Cybersecurity
- Review of software licenses and related documentation
- Data Validation, including sample records verification
The Digital Fifth’s Approach
- Walkthroughs Discussion on documents and Planned for an on-field visit for scoping exercise
- Application/system/Architecture walkthroughs; product journeys
- Walkthrough of processes and policies
- In-person Interviews/workshops with NBFC teams
- On-field visits and assessment
- Alignment of Technology Stack & Architecture with business roadmap & strategy
- Defining & Building an Improvement Plan for Technology & Security
Our Solution
- Technology due diligence report
- Compilation of Observations- Practices followed, areas of improvements; with SWOT analysis
- Alignment with Industry best practices
- Data validation report
- Insights into AUM vis-a-vis system records; processes across data life cycle management
Partnership Facilitation
Enabled successful collaboration by facilitating agreements between the fintech and Finacle EdgeVerve, aligning both on strategic and technical fronts.
Market Signal Strengthening
Drove visibility and momentum by supporting the announcement of the “Partnership with Finacle CBS,” enhancing ecosystem credibility.
Fundraising Enablement
Boosted investor confidence, with the partnership announcement contributing significantly to the fintech’s journey toward unicorn status.
