The success of India's FinTech industry can be attributed to the country's advanced digital infrastructure, a large and untapped customer base, the affordability of data plans, and widespread smartphone accessibility.

Despite the sector encountering unique challenges such as regulatory compliance, increased scrutiny from regulators, shareholders, and the government, as well as the ever-present threat of cyber data breaches that companies must navigate to ensure their sustainability and success, various demand and supply-side factors, along with advanced digital infrastructure, are poised to facilitate rapid expansion in the FinTech ecosystem.

The Grant Thornton Bharat advantage

Transforming Finance with Neeraj Sinha and Vinay Shukla

Join the conversation: Neeraj Sinha, Chair of the GCC Tamil Nadu Chapter at NASSCOM, and Vinay Shukla, Executive Director, FS Consulting, #GTBharat, come together to explore the transformative potential of Global Capability Centers in India.

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Empowering decision-makers

Empowering decision-makers

Enhancing Draft Red Herring Prospectus & Qualified Institutional Placement with in-depth industry agnostic research

Redefining customer experience with Salesforce

Redefining customer experience with Salesforce

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    Toolkit for prevention of financial frauds via Calls & SMS

    Access RBI’s regulatory guidelines, key safeguards, and our expert services to help you detect, prevent, and respond to fraud attempts via calls and SMS.

    Retirement readiness and planning survey

    Retirement readiness and planning survey

    Grant Thornton Bharat has launched a comprehensive Retirement readiness and planning survey. This survey covers various aspects of retirement planning, including pension schemes, investment preferences, and expected returns, and it is designed to help us understand your retirement goals, preferences, and challenges.

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    Digital Natives

    Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.

      Our solutions

      We specialise in providing solutions under different models (specialised reviews, managed services and retainership) around risk management which includes quantitative, qualitative, and governance solutions in the areas of internal control and financial controls.

      Our offerings encompass a wide spectrum of comprehensive governance solutions, incorporating internal audits, process reviews, ICOFR/IFC development and assessments, SOX audits, SOP development, as well as specialised risk management reviews focusing on ERM and model validation.

      Our expertise, strong ties with regulatory bodies and extensive work done on regulatory frameworks and guidelines can help your organisation in improving the compliance culture. As part of the compliance solution, we help in assessing risks, implementing programmes, monitoring activities and offer two key value additions in the form of benchmarking and regulatory insights.

      Delivering finance-related services and transformative change, we specialise in enterprise performance management (EPM) solutions, encompassing planning, budgeting, and consolidation. Our expertise extends to cost optimisation services. Additionally, we provide EUC solutions, emphasising governance and remediation for a comprehensive approach.

      As industries undergo significant market shifts, organisations pursuing large-scale transformations prioritise success through a transformative approach. Emphasising clear vision, integrated strategies, and value-centric execution, our transformation office provides a comprehensive framework from initial strategy development to seamless technology implementation.

      We harness extensive expertise in both domain and technology to support validation of data and processes/workflows through a combination of data validations, functional, regression and UAT.

      We enable the organisations to identify if the root cause for heightened delinquency in a product portfolio is business reasons or fraud related elements.

      We help the early stage / mature fintechs in reviewing their existing anti-fraud controls to ascertain their efficacy in identifying and combating black-swan events.

      RBI Master Directions on fraud risk management

      RBI Master Directions on fraud risk management

      The Board of Directors’ overall roles and responsibilities in fraud risk management, enhance internal control frameworks, and ensure compliance with principles of natural justice.

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      Risk barometer survey for fintech lending

      The survey, in collaboration with Fintech Association for Consumer Empowerment (FACE), will assess the risk perception of various stakeholders, including customers in digital lending.

      ECL AssessPro

      ECL AssessPro

      ECL Model Maturity Assessment Tool from Grant Thornton Bharat

        BFSI & Fintech: Road ahead in the digital era

        BFSI & Fintech: Road ahead in the digital era

        As the BFSI (Banking, Financial Services, and Insurance) and Fintech sectors continue to evolve, 2024 is poised to be a transformative year.

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        India's Best Financiers

        With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.

          The Core and Support solutions

          Core solutions

          • Management assurance

          • Regulatory compliance and governancereview

          • Cyber compliance, data security, financialcrime and ITGC

          • Trust and safety

          • KYC AML and customer due diligence

          • Client / merchant onboarding

          • Policy and SOP development

          • GRC transformation

          Support solutions

          • Human resources and payroll

          • Expense and procurement review

          • Treasury

          • Revenue assurance

          • Sales and business developmentSales and business development

          • Finance and accounts

          • Secretarial and compliance

          • Taxation
          Teal Background

          Governance and Compliance posture review

          1.
          Problem Statement
          A rapidly expanding fintech firm in B2B lending acquired an NBFC to enhance its lending capabilities. Facing swift growth and complex RBI regulations, the company needed an evaluation of its compliance and governance, particularly...
          2.
          Our Solution
          The firm undertook a meticulous review, including process walkthroughs, regulatory mapping, analysis of managerial roles, and scrutiny of intra-group transactions. This comprehensive approach aimed to identify compliance gaps and ensure...
          3.
          Impact
          The evaluation yielded a risk-assessed report with timely remediation recommendations, a compliance risk framework, and a governance checklist tailored to the entity's scale and risk profile. Additionally, it proposed a roadmap for future...
          Process and Control Review

          Process and Control Review

          1.
          Problem Statement
          The objective was to critically examine the efficiency and effectiveness of the current systems, identifying areas of shortfall and recommending practical improvements. This involved mitigating risks, enhancing regulatory compliance,...
          2.
          Our Solution
          Our approach encompassed verifying customer data, conducting due diligence, and ensuring compliance with Know Your Customer (KYC) standards through document reviews and risk assessment of loan applicants. We aimed to ensure governance...
          3.
          Impact
          The outcome was a comprehensive adherence to regulations and process optimisation, reflecting industry best practices. We delivered detailed reports on process evaluations, identified gaps, and associated risks, offering improvement...
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          Risk Assessment and Internal Audit

          1.
          Problem Statement
          The task was to critically evaluate the corporate framework, including organisational structure, key personnel, financial standing, and business activities throughout the supervisory lifecycle. This involved understanding strategic...
          2.
          Our Solution
          A thorough analysis of processes and controls across specified areas was performed, benchmarking against industry standards to identify potential risks. Each risk was evaluated for its likelihood and impact, assigning an overall risk score...
          3.
          Impact
          A comprehensive one-time Risk Assessment and Rating report was generated and presented to management, informing the final audit plan, scope, and coverage. A detailed benchmarking report outlined leading industry practices and assessed the...

            Events

            26 Jul Past Event