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Mumbai April 12 Riskraft Consulting Ltd, a financial technologies group company, has secured a contract from the Financial Services Commission (FSC), Mauritius, to implement a risk-based supervision system for its regulated entities.

The system enables the supervisor to prioritise and allocate supervisory resources according to the risk map of different supervised entities, a press release said. T

he system will help the regulator to monitor risk processes and systems which govern the entire system, said Mr Subramanya Kusnur, Managing Director and CEO, Riskraft. It offers this system to most banks in India and the Mauritius contract is the first overseas one for the country.

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Riskraft bags Mauritius deal

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