Network People Services Technologies Secures AI-Powered Risk Management Order from Public Sector Bank

Network People Services Technologies Secures AI-Powered Risk Management Order from Public Sector Bank​

Network People Services Technologies Limited (NPST), a digital banking and payments technology company, has secured an order from a public sector bank to deploy its AI-powered Risk Intelligence and Decision Platform (RIDP) for merchant underwriting and monitoring.

NPST's RIDP operates on a cloud-native, modular architecture, managing merchant risk across the entire merchant lifecycle across both online and Point of Sale (POS) channels. The solution is structured as a fully managed Software as a Service (SaaS) model, which encompasses technology provision, operational support, regulatory updates, and ongoing services, thereby enabling recurring revenue generation.

The platform's capabilities extend beyond initial onboarding. The Regtech solution performs automated website crawling on a scheduled basis to detect prohibited content, payment scheme violations, MCC mismatches, signs of fraudulent business entities, and restricted product or service categories. Furthermore, the system is designed to automatically flag and trigger re-underwriting when a merchant's business details undergo material changes.

The risk scoring inherent in RIDP leverages identity, behavioral, and website risk signals. It also includes linkage detection to identify duplicate or re-entering merchants without exposing raw Personally Identifiable Information (PII). Several mandatory regulatory compliances concerning Know Your Customer (KYC) and Know Your Bank (KYB) are automated through regular verifications utilizing credentials from Goods and Services Tax (GST), Permanent Account Number (PAN), and Corporate Identification Number (CIN).

Deepak Chand Thakur, Co-founder and CEO of NPST, noted that merchant fraud in digital payments often escalates after merchant activation through deviations that static checks fail to capture. He stated, "The volume and sophistication of these threats have outgrown the tools most banks still rely on. This order reflects a shift we are seeing across the sector: banks are done waiting for post-incident reports. They want preventive controls, and they want continuous visibility into every merchant, not just on day one."

From a compliance standpoint, the platform ensures immutable audit trails for every underwriting decision, override, and configuration alteration. The system has been built to align with RBI guidelines and evolving payment industry risk use cases.

NPST, an India-based payments technology company founded in 2013, operates across multiple capacities including Technology Service Provider (TSP), Payment Platform-as-a-Service (PPaaS) provider, and an AI-powered RegTech solution. It serves banks, fintechs, regulators, and payment aggregators throughout the financial value chain.

NPST Stock Price Movement​

Today, Network People Services Technologies Limited shares gained ground, settling at ₹1227.85 after advancing 6.40% in after-hours trading. The stock concluded the session on a volume of 52,695 shares.

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