Home Just In TCS & Wipro among Five Firms Shortlisted for Implementation of Data Analytics Projects

TCS & Wipro among Five Firms Shortlisted for Implementation of Data Analytics Projects


Companies to implement data analytics-based software to detect fraud and alert

Sebi has nominated the name of five companies, including Tata Consultancy Services (TCS) and Wipro, for the implementation of the data analytics projects to track possible market manipulations like insider trading and front running. Larsen & Toubro Infotech, Capgemini Technology Services India, and NEC Corporation India too have been shortlisted.

In a public announcement dated August 31, the Securities and Exchange Board of India (Sebi) stated that these five firms “have been shortlisted for further process.”

In June, The regulator had invited expression of interest (EoI) from “reputed and reliable solution providers for implementation of data analytics project and building of data models at Sebi”.

The move was part of the capital markets regulator’s effort to address and handle challenges arising out of technological advancements in the markets.

While inviting EoI, the regulator were leveraging artificial intelligence, machine learning and deep learning to tackle the critical challenges for data analytics affected by the processing of vast amounts of structured or unstructured data.

As a precursor to this project, a data lake with an analytics platform has been set up by the markets regulator.

The selected agencies are expected to build analytical models, with artificial intelligence and machine learning.

Further, the analytics development will be done as per the regulator’s requirements. This includes developing new models, implementing analytics projects, enhancement of a model in terms of adding new data sources in existing models, among others.

In addition, the analytics development would include establishing linkages between various entities in the market, automated extraction of details from documents filed with Sebi and prediction of market manipulations such as insider trading and front running.

Recommended for You

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Close Read More

See Ads