Ajay Katara

Ajay Katara is a Domain Consultant with the Banking Industry Advisory Group at Tata Consultancy Services (TCS). He currently heads the Solution and Strategy for Enterprise Risk and Compliance Regulations. Ajay has extensive experience of more than 15 years in the Consulting & Solution design space cutting across CCAR Consulting, AML, Basel II implementation and credit risk, and he has worked with several financial enterprises across geographies. He has significantly contributed to the conceptualization of strategic offerings in the risk management space and has been instrumental in successfully driving various consulting engagements. He has also authored many editorials, details of which can be found on his LinkedIn profile.


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TCS’ Ajay Katara provides insight into how banks and other financial institutions can mitigate risks stemming from climate change, discussing four building blocks for an effective risk management framework. Climate change is a reality today. With melting ice caps and surface temperature increases, climate change continues to make its presence felt, impacting global economies. Apart from environmental aspects, one cannot neglect the...

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The global economy is facing an unprecedented threat; though we are just a few months into the pandemic, it has already disrupted markets far and wide. In the financial markets, the impact is clearly visible across the financial value chain. Ajay Katara considers how stress testing can minimize these risks. The 2008 financial crisis caught the financial system unaware and hit the...

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Many global banks and financial institutions would have been delighted if the adage “the numbers speak for themselves” held true to its meaning; it’d save them from deciphering the numbers they generate constantly for various internal and regulatory reporting activities. Ajay Katara explains how some smart automation can help. If we were to take a high-level view of the reporting function within...

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The New Solutions for Financial Crimes Compliance Management (FCCM) The methods for perpetrating fraud are continually evolving, so an effective approach for fighting fraud must change with the times. Ajay Katara discusses further why banks must adopt newer technologies to prevent and detect financial crimes. With the dawn of the digital age, financial crimes against banks are increasing at a rapid pace....

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A Primer on the Standardized Approach to Credit Risk The Bank for International Settlements (BIS) regulatory body has proposed using a standardized approach to credit risk (SA-CR) when measuring credit risk. Banks using intelligent process automation (IPA) may leverage the approach to ensure compliance with the new due diligence requirements. Most of the recent regulatory changes or guidelines being issued by BIS...

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Powering the Process through Automation For financial institutions, the cost of noncompliance with AML policies and procedures is ever increasing. Per industry reports, AML fines have gone up to nearly $4 billion since 2014, and they continue to rise. Among other solutions, the banking industry is beginning to adopt robotics process automation to improve compliance. The cost of noncompliance is ever increasing,...

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