Jocata Financial Advisory and Technology inaugurated its new office premises in Hyderabad
Hyderabad, July 19, 2017. Jocata Financial Advisory and Technology, a technology fintech start-up in the field of Customer Analytics, Customer Due Diligence and Transaction Monitoring opened its Hyderabad office here in city today at Road No 12 Banjara Hills.
Mr Amit Sethi - CIO Axis Bank; Ms.Jayalakshmi Rao - COO -India Ops - National Australia Bank and Head of Service Transition and BusinessSupport Asia; Mr. Narasimhan Venkatesan - Ex Group COO Dun and Bradstreet–South Asia and Middle East were the chief guests and inaugurated the newoffice.
Addressing the 100 plus gathering immediately after theinauguration, Amit Sethi said Banking landscaping is changingdrastically. In six months to one year we will see lot of changes.Blockchain Technology is already there and it is here to stay informed Amit.
Addressing the media before the inauguration Prashant Muddu,CEO and Managing Director and Andrea Weist, Managing Director of Jocataunveiled their expansion plans.
We will be soon raising 5 million US dollars. We will use thesefunds for opening up two new offices one each at New York and Mumbai. Theseoffices will come up in next three to six months.
We will also use funds to build an Artificial IntelligenceTechnology Platform, they added.
We will also add 50 more staff. We already have 100resources. Currently we have forty clients and we will add twenty more, theyinformed.
We have invested our own funds to the extent of onemillion US dollars they informed.
Hyderabad is our global headquarters. We chose Hyderabadbecause of talent, infrastructure. There are many colleges in and around thecity. My grandfather MV Narayan Rao was the first Director General of thePolice in the state, added Prashanth Muddu.
Jocata is a niche ecosystem technology fintech start-up inthe field of Customer Analytics, Customer Due Diligence and TransactionMonitoring, Prashanth added.
Jocata was founded by ex-Deloitte colleagues in the Forensic& Dispute Services Practice out of New York. Together they bring over 30years of collective experience channelled into building a sophisticatedenterprise platform that provides an integrated view of business, risk,operations and compliance for Financial Institutions.
Jocata services some of the largest and most prestigiousfinancial enterprises in Europe, Asia and India, ICICI Bank, Axis Bank, CRISIL,PNB Paribas, and Barclays to name a few.
As recognised subject matter experts, the founding team atJocata are panellists / speakers at several global events includingStartupbootcamp Fintech Lounge in London, the Mastercard Start Path Panel inSingapore, NASSCOM Business Excellence Risk Mitigation Series in India and theannual Anti-Money Laundering conference in India. Our demonstratedsuccess over the past few years has made Jocata’s GRID platform a keytechnology component at many financial institutions.
Prashanth Muddu can be reached on his mobile: 8008112360 formore information