Srinagar, Aug 25 (KNN)  In the wake of rising NPAs and failed enterprises, the PSU banks are trying to put in place advanced risk assessment systems and automated audit processes.

For instance, the J and K Bank is seeking to set up a system for enterprise fraud detection and prevention with real time / near real-time online ruled based detection and prevention and also a system to automate audit processes.
 
According to a press notification the system should cover “risk based internal audit (processes and reporting); concurrent audit and its reporting; treasury and investment audit and their reporting; credit audit of large borrower accounts; revenue audit; and IS audit and its reporting.”
 
Further, the system should be configurable, self learning with the feature of rapid integration.  It should be capable of user profiling, velocity checks, blacklisting and white listing.
 
In this context, J&K Bank is looking for service providers with requisite expertise, solutions and capability.  (KNN/ES)