Beyond The Build Podcast

Episode 16: TRaiCE’s Approach to Proactive Risk Management

Written by Kingsmen Software Team | Apr 24, 2024 2:10:12 PM

   

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About the Episode:

In this episode of the Beyond the Build podcast, Host Kevin Carney discusses with Sony Gabriel and Joe Kurian, cofounders of TRaiCE, about their AI application in risk management. The discussion explores TRaiCE’s innovative approach to leveraging unstructured data from diverse sources like news, social media, and customer reviews to predict risks in real-time, offering a unique additive tool for risk managers. Key insights from the development of TRaiCE, its integration within the banking industry, and its future potential in financial risk assessment are highlighted.   

Key Takeaways: 

  • TRaiCE utilizes AI to transform unstructured data into a structured risk assessment tool, enhancing the proactive management of risks. 
  • The platform integrates seamlessly with existing banking processes, offering real-time updates and predictive insights without replacing current systems. 
  • TRaiCE is gaining traction globally, with applications in multiple financial sectors and plans for further expansion and product development. 

 

Learn more about our guests:  

Sony Gabriel brings over 25 years of dynamic experience in the IT industry, spanning diverse roles such as Pre-sales, Business Development, Marketing, Consulting, and Program Management. His expertise lies in the Telecom and Financial Services domains. Sony's journey includes contributions to product startups like Metratech Corp. (now part of Ericsson) and giants like IBM Global Services. He holds a Bachelor’s in Computer Science and Engineering and an Executive General Management Program from IIM Bangalore. 

 Joe Kurian is a seasoned credit risk analytics professional with over 22 years of experience . He is one of the cofounders of TRaiCE Inc, a company that offers portfolio risk monitoring systems to business lenders using AI. Joe's extensive banking background includes working in  institutions such as GE Capital, HSBC, Wells Fargo, and MUFG where he was responsible for building analytical infrastructure within credit risk management functions, loan originations strategy, model risk management  and regulatory and internal audit preparedness. Joe holds a Masters degree in quantitative economics from IIT Bombay and M.S degree in computational and data science from Chapman University, California. 

 https://www.traice.io/ 

 

Production Credits: 

Produced in partnership with Mistry Projects: https://mistryprojects.com/ 

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About the Host: Kevin Carney, Managing Partner of Kingsmen Software

Kevin Carney is a Managing Partner at Kingsmen Software. As Client Partner, Kevin assists clients in their transition from Sales to Delivery and then maintains a relationship to ensure successful completion. A Finance major by training, Kevin bridges the gap between business and technology, especially for Kingsmen’s banking and capital markets clients. Kevin has 30 years of experience in consulting to financial services institutions. 

 

About Kingsmen Software:

We are dedicated, experienced practitioners of software development. We grow software iteratively and adapt quickly to changing business objectives, so we deliver the right software at the right time. Our proven approach combines processes, tooling, automation, and frameworks to enable scalability, efficiency, and business agility. Meanwhile, our advisory & coaching services enable technology leaders, business partners and their teams to learn and adapt their way to sustainable, collaborative, and data-driven operating models.