Jocata Financial Advisory and Technology inaugurated its new office premises in Hyderabad

Jocata, fintech startup founded by ex- ex-Deloitte colleagues announced its expansion plans, to raise 5mn US $, to open offices in New York and Mumbai
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 Business Support Asia; Mr. Narasimhan Venkatesan - Ex Group COO Dun and Bradstreet –South Asia and Middle East were the chief guests and inaugurated the new office.

Addressing the 100 plus gathering immediately after the inauguration, Amit Sethi said Banking landscaping is changing drastically. 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 Jocata unveiled their expansion plans.

We will be soon raising 5 million US dollars. We will use these funds for opening up two new offices one each at New York and Mumbai. These offices will come up in next three to six months.

We will also use funds to build an Artificial Intelligence Technology Platform, they added.

We will also add 50 more staff. We already have 100 resources. Currently we have forty clients and we will add twenty more, they informed.

We have invested our own funds to the extent of one million US dollars they informed.

Hyderabad is our global headquarters. We chose Hyderabad because of talent, infrastructure. There are many colleges in and around the city. My grandfather MV Narayan Rao was the first Director General of the Police in the state, added Prashanth Muddu.

Jocata is a niche ecosystem technology fintech start-up in the field of Customer Analytics, Customer Due Diligence and Transaction Monitoring, Prashanth added.

Jocata was founded by ex-Deloitte colleagues in the Forensic & Dispute Services Practice out of New York. Together they bring over 30 years of collective experience channelled into building a sophisticated enterprise platform that provides an integrated view of business, risk, operations and compliance for Financial Institutions.

Jocata services some of the largest and most prestigious financial 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 at Jocata are panellists / speakers at several global events including Startupbootcamp Fintech Lounge in London, the Mastercard Start Path Panel in Singapore, NASSCOM Business Excellence Risk Mitigation Series in India and the annual Anti-Money Laundering conference in India. Our demonstrated success over the past few years has made Jocata’s GRID platform a key technology component at many financial institutions.