Sovereign Metals, one of the leading precious metal refineries in India, has successfully digitalized its vendor onboarding process with Effiya’s onboarding and AML solution. This digital transformation is part of Sovereign Metals' broader strategy to modernize its operations and improve overall productivity
As part of this journey, Effiya has revolutionized Sovereign Metals’ vendor onboarding process by implementation of its dynamic and flexible KYC solution. The enhancement includes advanced Customer Due Diligence (CDD) and Sanction screening capabilities, ensuring a more efficient and secure onboarding experience.
Speaking of the collaboration, Viral Lodhiya, Director at Sovereign Metals, said, “Vendor onboarding is a critical process for a business like ours, where meeting the right quality standards is of paramount importance including stringent adherence to regulatory requirements and industry standards. Effiya’ s AI enabled solution will help us enhance the accuracy and speed of vendor verification, reduce manual errors, seamless onboarding with enhanced detection and reduced false positives. We are excited to reap the benefits of this digitalization in the coming times with an enhanced vendor experience.”
Jigar Shah, CEO of Effiya Technologies, said, “We are proud to be chosen as the preferred partner by Sovereign Metals for their digital transformation journey. Effiya’s innovative offerings in KYC, CDD and Sanction screening will help drive operational excellence at Sovereign Metals. This partnership marks another milestone for Effiya as we continue to meet our customers’ needs with our best-in-class products.”
About Sovereign Metals
Sovereign Metals is one of the leading companies in India in the metals industry. Based out of Ahmedabad, its operations span multiple services including Refining, Assaying, Minting and Trading catering to miners, bankers, manufacturers, distributors, investors, and recyclers. The company is at the forefront of sustainable and environmentally sensitive precious metal production with major investments in innovative technologies in recent times.
About Effiya Technologies
Effiya Technologies, powered by Sutra Management is a fintech startup that provides AI-enabled solutions for the client. Headquartered in Singapore and with reseller partners across India and GCC, the company is one of the growing companies providing intelligent financial crime-combatting solutions. Developed with years of research, Effiya has a patented technology that reduces false positives and reduces investigation time throughout the customer lifecycle
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Contacts
Effiya Technologies
Indrani Biswas
ib@sutra-management.com
