Skip to main content

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

GREATER NOIDA, India, Sept. 29, 2022 (GLOBE NEWSWIRE) — 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 #11,256,557 B1 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.”

About Coforge
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.

Learn more at www.coforge.com

For further information contact:
Santanu Bhattacharya,
PR & Communications at Coforge
Santanu.B@coforge.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.