Coforge’s Copasys® Automated Compliance Audit and Quality Assurance Platform Receives US Patent
Innovative software improves business processes for banks, financial institutions, reducing risk and driving productivity
Coforge Limited (NSE: COFORGE), a global digital services and solutions provider, today announced it has been granted a US patent for its proprietary solution that helps banks and financial institutions manage their risk more effectively, continuously improve upon business processes, and make impactful key business decisions more rapidly with greater visibility and control.
Coforge’s Copasys® has been granted patent #11,256,557B1. for digitizing and automating compliance and quality assurance functions within an organization’s enterprise risk ecosystem. Copasys® is an offering of the Business Process Solutions (BPS) unit of Coforge.
“Enterprise risk continues to be a key focus area for our customers,” said Maddee Hegde, Coforge’s Executive Vice President and Business Unit head, BPS, “Our deep domain expertise in the BPS business combined with our Copasys® platform addresses their need for assurance on controls and reduced enterprise risk.”
Copasys® helps businesses leverage state-of-the-art automation technology to streamline, maximize effectiveness, and increase the quality of their Enterprise Risk, and Compliance and Quality Assurance programs. Copasys®’ configurable platform design features a low-code, dynamic rule-based automation creator; streamlined audit and remediation end-user modules and dynamic BI reporting. Combined with Coforge’s AI / ML capabilities, enterprises get actionable insights to drive a Center of Excellence across Enterprise Risk.
Sudhir Singh, CEO, Coforge said, “Coforge continues to drive impact for clients in the Financial Services industry by leveraging both its technology and functional capabilities. Copasys® is yet another illustration of the firm creating differentiated assets that will drive tangible value.”
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.