Quantafic Business Solutions LLP

Quantafic Business Solutions LLP: Helping Banks And Financial Institutes In Data-Driven Decision Making As systems develop smarter, our life becomes easier. Who would have thought that computer programs will apply human behavior by learning data patterns and insights? From chat assistants that address your queries to autopilot to setting reminders or switching on your lights the artificial intelligence, revolution is here. Artificial Intelligence(A.I) has transformed the world around us. Artificial intelligence has changed how we drive vehicles around us. The way we transfer money instantly, make a call using Siri, web search or be it Google’s AI-powered prediction, the AI life is embedded in us deeply. Business Connect in its new edition ‘The Best Company To Work For 2019-20’ brings forward a story of Quantafic Business Solutions LLP, Mumbai that develops smart software and analytics-backed solutions to meet the growing demands of banks and NBFCs. QUANTAFIC Business Solution: STORY OF INCEPTION Quantafic Business Solutions started its journey in 2014 when four friends lead by Sachin Kulkarni, Ajita Mohapatra, Sunil Karande and Ajeet Mishra came together and saw the market’s need for smarter analytics and software products and better end-to-end services in the banking space. Technological innovations are the veins of banking industries. The first product, MasterConnect, is a marvelous example of this pursuit. As time passed, the firm added more products and solutions to its kitty. Today, Quantafic Business Solutions has Digital Lending, Q-Dash, Q-Investg8r and Rule Engineer and these products are adding immense value to organizations. In a short span of existence, the organization has acquired some of the most reputed names in India’s banking space as clients. Quantafic Business Solutions aims at becoming a partner of choice for Image processing and Machine learning applications for banking industries in India and abroad. CORE COMPETENCIES: WHAT MAKES Quantafic Business Solutions STAND AHEAD IN THE MARKET? Quantafic Business Solutions is an analytics and software company that specializes in Machine Learning, Image Processing, Process Automation, and Digital Applications. Quantafic Business Solutions builds applications that are highly scalable and offer very low TCO (Total Cost Of Ownership) to its customers. The organization has rich domain expertise to help Bank and Financial institutes in data-driven decision making. The firm builds applications that enable the customer in data-driven decision making. This includes Predictive algorithms, Forecasting, Risk Analytics, Deep Learning, and Digital offerings. Quantafic Business Solutions applications are highly scalable and have success stories where these applications have replaced large multinational player application. The reason being Quantafic application was more scalable at the same time offering very low TCO and have machine learning modules for risk analytics. In conversation with Business Connect, a Key Official at Quantafic Business Solutions says “We believe in Quality-improvement successes. We have an internal quality monitoring mechanism in place which works in tandem with the product development team from the very beginning so that we can exceed the expectation of the quality from the customer.” BUSINESS MODEL: HOW QUANTAFIC’S CREATIVE MODEL WORKS? The firm implements applications at the customer data center and manages them as part of AMC, does analytics projects from banks and NBFCs, develop Machine learning and Image processing products and implements the product and renders the associated service. With its client base in all leading Banks, NBFC and Insurance companies, the firm focuses on developing more and more products basis Machine learning and thereby automate manual processes targeting India and Middle-East market. “We are in the business of providing technology solutions coupled with data analytics. So the business is driven by technology only. We always strive to find out how we can find out the customer’s pain areas and try to solve it with the help of technology” says a key official at Quantafic. THE QUANTAFIC WAY OF MOTIVATING EMPLOYEE Challenges are in every part whether it is attracting good talent or retaining high performers or acquiring new customers. As per an employee hiring challenge the team of Quantafic Business Solutions ensures that the firm does a detailed evaluation before giving an offer to anyone and makes it to the point that the right talent is acquired. Once the candidates are on-boarded, they are like an asset to the organization. The team ensures they are at ease and provides extra support in making them work effortlessly. The firm ensures to keep assigning challenging tasks and this makes them work harder to give their best. To keep the motivation high, the firm plans an outing once in a quarter and gives quarterly awards to the outstanding performers in each vertical. Besides this, the team also has a policy of an overnight trip out of the city to have a bonding exercise and reward and recognition activity. On the foundation day on Nov 24th every year, there is a dinner party or a luncheon with all the employees and fun-filled time. “ We have a very open culture,” says a key official. “We provide challenging tasks to employees and they decide how to achieve those tasks. They have full freedom in deciding the approach and technology they would like to use for achieving the business problem. We continuously guide them by assigning a mentor. If someone demonstrates leadership qualities then we provide those opportunities even at the early stage of career. We have leaders who are less than 30 years and are managing teams of 3 to 4 team members. We allow employees to switch roles if they feel they are interested in any other technology other than his or her current role.” Under the current leadership, Quantafic Business Solutions has achieved various milestones, some of which include: Replacing big running applications from a Big MNC for an Automobile NBFC on the basis of Technical and Scalable Superiority. Quantafic is the winner of the Digital Lending FinTech Innovation Challenge held in Egypt in 2019. Has been continuously developing high-end image processing machine learning applications and winning orders from big banks for this. Has successfully set up the analytic process and trained the pan India Employees of Agricultural banking regulator. Has achieved single-digit employee attrition in the last one year. “Artificial Intelligence is not the answer to everything, but in a hyper-competitive market place, like investment banking, smart tools can change the game in terms of productivity gains, lead generation capability and customer experience.” ~Sofia Spencer