About Us
Making Audit Efficient
Real-time Digital Audit Solutions help Banks and NBFCs monitor critical activities and implement remedial measures.
Our audit solutions are designed to meet critical regulatory requirements and help save time and cost.
Digital Audit
Realt-time digital audit solutions for improved efficiency and compliance.
Our Vision
Improve audit and compliance using digital technology for faster implementation, tracking, and reporting of audit items
Our Mission
Build world-class digital audit solutions for Banks and NBFCs
Purpose
Best in class audit solutions for every Bank and NBFC that is accessible on the cloud and on premise with interactive dashboard and real-time tracking.
We are a digital start-up company focussed on real time Audit and Inspection for Banks, NBFC’s, HFC’s, PFC’s, Micro Finance Companies, Asset Management Companies and Regulators.
Finakon’s Real-time Digital Audit Solutions help Banks and NBFCs monitor critical activities and implement remedial measures.
Our audit solutions are designed to meet critical regulatory requirements and help save time and cost.
Range of Banks we Serve
Scheduled and Non-Scheduled Banks
Scheduled Banks:
Commercial Banks (both Public and Private Sector)
Regional Rural Banks (RRBs)
Cooperative Banks (meeting the criteria)
Non-Scheduled Banks:
Not listed in the Second Schedule of the RBI Act
Smaller banks with limited operations and fewer RBI facilities
Commercial
Banks
Public Sector Banks
Private Sector Banks
Foreign Banks
Regional Rural Banks (RRBs)
Cooperative
Banks
Urban Cooperative Banks (UCBs)
State Cooperative Banks (SCBs)
District Central Cooperative Banks (DCCBs)
Development
Banks
NABARD (Agriculture and Rural Development)
SIDBI (Small Industries Development)
EXIM Bank (Export-Import)
IDBI (Industrial Development)
Local Area
Banks (LABs)
Operate in a limited geographical area.
Bridge the gap between rural banks and commercial banks.
specialised
Banks
Focus on specific activities, such as asset management or housing finance.
Examples: EXIM Bank, NHB (National Housing Bank)
Non-Banking Financial Companies (NBFCs)
While not banks, NBFCs provide financial services such as loans, asset financing, and insurance.
Regulated by the RBI in specific areas.
Small Finance
Banks (SFBs)
Small Finance Banks (SFBs) provide banking services to underserved segments, including small businesses, farmers, and low-income groups
They have lending obligations towards priority sectors. They are regulated by the RBI
Payment
Banks
Payment Banks are specialized banks that offer basic banking services but cannot provide loans or credit cards. They are regulated by the RBI and must maintain a 75% SLR in government securities.
Their primary goal is financial inclusion, catering to small businesses, low-income households
Leadership Team
T Ravi Kumar
Founder & Managing Director
Ravi Kumar is the founder and Managing Director who is the brain behind the product Baas®. He has over 50 years of experience of which 25 years in Banking and 14 years in IT bringing a blend of both to the table.
He has earlier worked with Andhra Bank, Global Trust Bank, ICFAI and Polaris/ Intellect. He also consulted for large banks and IT companies in business process reengineering.
His key strength is in bringing customer centricity to a product. He has the ability to talk to customers and development team in their language. Hence superimposes the business requirements on a robust technical design bringing scalability and configurability to a product.
He designed and Implemented applications for global trust banking for a global bank that is used by US, Europe and APAC regions. Designed and implemented for global private banking business of a large Indian private Bank.
Bala Vamsi Tatavarthy is one of the founding Directors and provides strategic direction to the company. He has over 2 decades of experience in investment banking.
He currently works as a fund advisor at Aravali Asset Management. Before this, he was an advisor at Ocean Dial Asset Management/Ariana Investment Management. Before that, he headed the FX Correlations and Structured Exotics Desk in APAC for Barclays and was a trader in FX Exotic Derivatives in London and New York for Lehman.
He has a bachelor’s and Masters’s degree in Computer Science from IIT-Madras and an MBA from IIM-Ahmedabad.
T Bala Vamsi
Director
Venkat Katuri
Chief Operations Officer
Katuri heads the delivery of BaaS®. He has over thirty years of overall experience across all aspects of Global Delivery Model spanning multiple domains such as Banking, Telecom, Utilities, Healthcare.
He has earlier worked with companies like HCL, WIPRO, Tech Mahindra and Intellect.
His Key strengths are Global Delivery, People Management, Business Transformation and Change Management, Product Implementations and Rollout. He also has Functional Expertise in the Private Banking and Wealth Management domain.
He is a result oriented leader with passion and focus on outcomes without losing the focus on people. Katuri has handled multiple responsibilities – Developer, Project Manager, Program Manager, Change Manager, Implementation Manager and has proven both in IT services and products division. He has successfully executed Business Transformation initiatives and led change initiatives to integrate teams and brought unity in in diversity.
Bhargava has over 30 years of experience in the software industry, primarily in the U.S., where he developed a deep technical and management background in cloud infrastructure, virtualisation, IoT systems, and UI development. Bhargava M has held several middle-management positions, overseeing projects and cross-functional teams to deliver innovative solutions.
Bhargava has a Master’s in AI and ML from BITS Pilani, along with a multi-year focused study in these areas.
Bhargava also has hands-on experience in generative AI and cloud platforms like AWS Bedrock, Google’s Vertex AI, and Microsoft Azure ML, where he developed practical use cases in Generative AI, particularly in healthcare, networking virtualisation, observability, and technical support areas.
Bhargava M
Chief Technology Officer
Sudip Rai
Vice President
With 15+ years of experience, Sudip brings a strong blend of IT expertise and account management skills. Proven success in managing and enhancing client-focused IT solutions, by aligning product roadmaps with market and customer needs. Adept at building strong client relationships through effective business analysis, requirement elicitation, ensuring seamless delivery and implementation of tailored solutions.
Experienced in pre-sales activities such as RFP/RFI responses and Proof of Concept demonstrations to address client objectives.
He has effectively driven client satisfaction by bridging business needs with technical solutions in a consultative account management capacity.