RISK MANAGEMENT SERVICES

OVERVIEW

AUDIT AND COMPLIANCE SERVICES

RURAL FIELD AUDIT

BACK OFFICE OPERATIONS

APPLICATIONS FOR RISK MANAGEMENT SERVICES

CASE STUDIES

APPLICATIONS FOR RISK MANAGEMENT SERVICES

Centillion provides a range of software applications for its Audit, Assurance and Compliance services. These web applications help the client organizations to perform audits that ensure all loans sanctioned follow KYC and credit policies, and all transactions are correctly and completely accounted in the bank’s system. It also identifies/captures/rectifies all exceptions/errors and ensures that operational weaknesses are identified and remediated on a continuous basis.

All of Centillion’s software solutions are work flow based automated systems with roles and privileges that are secure and scalable. They provide data storage security, supply customized dynamic reports/MIS/Dashboards to required stakeholders, and offer inbuilt, automated email features.

Field Monitoring System

  • Centillion’s Field Monitoring System (FMS) is a next‑generation, nationwide field monitoring platform offering web and mobile access with real‑time, geo‑tagged and time‑stamped evidence.
  • It enables banks to achieve 95% monthly monitoring coverage and 100% timely report and billing submission by the 10th of each month, ensuring compliant, transparent, and risk‑free operations.
  • FMS follows a structured monthly cycle—from branch data onboarding and vetted deployment to geo‑tagged field visits, T+5 report uploads, rigorous HO quality checks, and final PDF access for banks.
  • The system is supported by robust process controls including maker–checker validation, refresher training, and strong corrective and preventive actions.
  • Customer‑centric monitoring ensures accurate repayment recording, verified loan utilization, identification of irregular activity, Fair Code display, and zero operational or regulatory gaps.
  • FMS delivers automated scorecards, risk indicators, real‑time reports, and monthly MIS for informed decision‑making.
  • Its SOP‑driven governance, quick turnaround times, and transparent workflows strengthen operational reliability.
  • With a proven ability to detect early financial stress, FMS is trusted by banks as a compliance‑first, evidence‑based field monitoring solution.
  • Web + Mobile App Interface (Available in Google Play Store, as Centillion Audit Pro)
RISK MANAGEMENT SERVICES

OVERVIEW

AUDIT AND COMPLIANCE SERVICES

RURAL FIELD AUDIT

BACK OFFICE OPERATIONS

APPLICATIONS FOR RISK MANAGEMENT SERVICES

CASE STUDIES

APPLICATIONS FOR RISK MANAGEMENT SERVICES

Centillion provides a range of software applications for its Audit, Assurance and Compliance services. These web applications help the client organizations to perform audits that ensure all loans sanctioned follow KYC and credit policies, and all transactions are correctly and completely accounted in the bank’s system. It also identifies/captures/rectifies all exceptions/errors and ensures that operational weaknesses are identified and remediated on a continuous basis.

All of Centillion’s software solutions are work flow based automated systems with roles and privileges that are secure and scalable. They provide data storage security, supply customized dynamic reports/MIS/Dashboards to required stakeholders, and offer inbuilt, automated email features.

Field Monitoring System

  • Centillion’s Field Monitoring System (FMS) is a next‑generation, nationwide field monitoring platform offering web and mobile access with real‑time, geo‑tagged and time‑stamped evidence.
  • It enables banks to achieve 95% monthly monitoring coverage and 100% timely report and billing submission by the 10th of each month, ensuring compliant, transparent, and risk‑free operations.
  • FMS follows a structured monthly cycle—from branch data onboarding and vetted deployment to geo‑tagged field visits, T+5 report uploads, rigorous HO quality checks, and final PDF access for banks.
  • The system is supported by robust process controls including maker–checker validation, refresher training, and strong corrective and preventive actions.
  • Customer‑centric monitoring ensures accurate repayment recording, verified loan utilization, identification of irregular activity, Fair Code display, and zero operational or regulatory gaps.
  • FMS delivers automated scorecards, risk indicators, real‑time reports, and monthly MIS for informed decision‑making.
  • Its SOP‑driven governance, quick turnaround times, and transparent workflows strengthen operational reliability.
  • With a proven ability to detect early financial stress, FMS is trusted by banks as a compliance‑first, evidence‑based field monitoring solution.
  • Web + Mobile App Interface (Available in Google Play Store, as Centillion Audit Pro)

Transaction Monitoring System

Transaction Monitoring System

  • The Transaction Monitoring system (TMS) captures the Core Banking data in the database on a daily basis.
  • Ensure all transactions are correctly and completely accounted in the bank’s system.
  • Platform keeps track of all reverts between auditors and banks for error resolution.
  • Platform provides for document (transaction) audit and a Quality Check, ensuring two levels of audit.
  • Identifies and rectifies the exceptions/errors online.
  • Ensures correct amount/account is credited/debited to the customer.
  • Identifies transactions for which there are vouchers, but the entries are not reflected in the day’s transaction list.
  • Identifies double credits/debits with and without vouchers.
  • Role/Privilege driven access to the workflow.
  • Detailed MIS and reports that enables decision making by choice rather than by chance.

Compliance Management System

Compliance Management System

  • A web based proprietary platform that ensures all loans sanctioned follow KYC and credit policies.
  • Online identification and capture of exceptions/errors while auditing.
  • Online rectification and resolution of the exceptions/errors.
  • No ambiguity in published reports as the exceptions reverts, and rectifications are standardized and coded into the platform.
  • Platform provides for two levels of audit, a document audit and a Quality Check
  • Role-driven/privilege-driven access to the workflow.
  • Detailed online MIS and dashboards that enable decision making by choice rather than by chance.

Compliance Management System Workflow

Compliance Management System - Workflow

Hind Sighting Central

Hind Sighting Central

  • A web based proprietary platform that ensures all loans sanctioned follow KYC and credit policy.
  • Online identification and capture of exceptions/errors while auditing.
  • Online rectification and resolution of the exceptions/errors.
  • No ambiguity in published reports as the exceptions reverts, and rectifications are standardized and coded into the platform.
  • Platform provides for two levels of audit, a document audit and a Quality Check.
  • Role-driven/privilege-driven access to the workflow.
  • Detailed online MIS and dashboards that enable decision making by choice rather than by chance.

Branch Audit Central

Branch Audit Central

  • Application ensures operational weaknesses are identified and remediated on a continuous basis.
  • Maintains and updates all the prescribed registers.
  • Fixed asset Audit.
  • Collection of KYC documents as per RBI guidelines in respect of all accounts and reviewing the accounts as per risk classification.
  • Monitoring customer service levels as per bank’s commitment and RBI’s directions.
  • Monitoring the overnight cash maintained by the branches so as to ensure that it is close to the standard cash retention limit.
  • Updating of documentation and collection of rental regularly in SDV locker accounts.
  • Monitoring of TOD, password sharing, suspense accounts, FCNR/NRE/NRO transactions, depository operations, large cash transactions, loan against gold, premature closure of accounts.
  • View of expenses vouchers and maintenance of attendance and updating of leave records and specimen signature records.
  • Availability of AMFI certified personnel for conducting third party businesses like mutual funds, and IRDA certified personnel for executing third party businesses like insurance.
  • Adherence to Information Technology procedures, generation and review of EOD / BOD reports, and binding of vouchers / housekeeping.

Branch Audit Central Workflow

Branch Audit

KYC System

Know Your Customer System(KYC and Re-KYC)

The KYC & Re-KYC (Know Your Customer) solution checks the KYC documents submitted by the customer to establish the proof of identification, address, and signature and photo verification. The KYC audit, error identification and rectification are done on Centillion’s web-based proprietary KYC audit application.

  • A web based proprietary platform/workflow that captures customer KYC data audit.
  • Online identification and rectification of incomplete/incorrect KYC data of a customer.
  • Image based or physical documents-based KYC audit, centralized data capture and quality check of all customer documents for better control and accuracy.
  • Checking of RCU reports, due diligence on checks done by branch for PAN verification, CIBIL check and other such verifications done in the KYC tool.
  • Role driven access to the workflow.
  • The workflow achieves complete KYC regulatory compliance.
  • No ambiguity in published reports as the exceptions reverts, and rectifications are standardized and coded into the platform.
  • Real time online MIS and dashboards for informed decision-making.
  • Reduced cost and TAT for auditing customer KYC documents on account of automating previously deployed manual efforts.

Revenue Leakage Application

Revenue Leakage Application

Centillion is in the process of developing an application for auditing revenue leakage to minimize revenue leakage and to generate revenue recovery. The features of the application will be as follows:

  • Detecting under-collection, and tax and wrong commission calculations.
  • Misuse of detect rule violations.
  • Determining revenue leakage and income enrichment by organizing all historic data with all the transactions and corresponding values.
  • Determining duplicate/wrong refunds and exchanges.
  • Providing comprehensive reporting with export functionality to MS Excel.
  • Offering flexible business transaction-based commercial models for each engagement.
  • Providing a secure, reliable and scalable system.
  • Facilitating quicker return on technology investments, own disaster recovery centers, multiple business process centers across India, uniform data input, automatic identification.
  • Establishing a reasonable verification process within bank/NBFC/Organization.
  • Ensuring higher degree of governance and assurance to top management.