Automation of processes and digitalization of leasing activities is the necessity today, rather than a tribute to traditions. On June 6, 2023, the Leasing Association of Uzbekistan organized ZOOM conference with the leading software developer for banks and financial organizations – Avati Consulting Solutions (P) Ltd. (India).
“Avati Consulting Solutions (P) Ltd.” Company (https://www.avatisolutions.com/) was founded in 2014. The main activity of the company is the development and implementation of modern specialized software products and platforms that provide strategic functions, decision support, risk management and compliance with the regulatory requirements for banks and financial institutions. The company provides software products, training and consulting services in the following areas:- IFRS 9 ECL and Reserves Reporting System; asset/liability and liquidity management (ALM); Capital Assessment Platform (CAP) in accordance with Basel III/IV; credit risk mechanism; information panel for risk management and early warning of the portfolio on emerging risks and problems; capital forecasting (ICAAP); market risk system; system module for collateral management, etc.
After the presentation made by Mr. Chandan Maheswari, the representative of the Avati Consulting Solutions (P) Ltd. company, the conference participants had a lot of questions and discussions about the proposed software product «Risk management product suite» (the package of products for risk management). The representatives of the «Avati Consulting Solutions (P) Ltd.» company at the end of June plan to visit Uzbekistan and discuss further cooperation directly with the leasing companies and banks.