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Corporate profile
ReadiMinds is a new generation, specialist, transactional security & fraud prevention software company, with a proven and acknowledged track record of innovation and leading edge software solutions for the financial and securities industry.
Our ReadiONE: Right-Time Response System is the result of over 5 years of R&D, and is targeted for emerging new class of applications, requiring Right-Time Response, to Prevent Losses and Optimize Opportunities! In other words, ReadiONE is a real-time surveillance and right-time response system: for right-time risk mitigation, right-time opportunity optimization and right-time compliance management applications.
ReadiONE Software Suite enables enterprises to actively monitor events/transactions, users and devices, across multiple online channels, and detect and respond to the patterns-of-interest based on incident’s risk or opportunity score, thereby prevent losses, optimize opportunities and/or meet compliance guidelines, at the right-time. In addition, ReadiONE provides Scenario Management, Transactional Security, Incident Management, Case Management, and Dashboard.
ReadiMinds’ key focus is on Transactional Security & Risk Mitigation [including Identity Theft, MITM Attacks & Online Financial Fraud Prevention – covers both external & internal frauds]; Financial Crime Surveillance; Right-Time Compliance Management; and Business Activity Monitoring; for Banking & Brokerage industry. Enterprises can easily add new solutions on ReadiONE: Right-Time Response System platform, as and when required.
Transactional Security & Risk Mitigation for Online Banking/Brokerages refers to real-time monitoring of transactions/events, users and devices, and providing multi-layered risk-based security and fraud detection, for secured and successful completion of a transaction, while meeting compliance/policy guidelines. ReadiONE provides integrated stronger user authentication/2FA/MFA, fraud detection and risk-based transaction authorization, preventing identity thefts, MITM attacks and online financial frauds. It helps achieve key security objectives, namely confidentiality, authenticity, integrity and non-repudiation.
ReadiONE works alongside various online systems, namely internet banking, mobile banking, ATM banking, core banking, online brokerage systems etc.
ReadiONE is a “holistic” multi-layered solution to transactional security & risk mitigation, as opposed to “point/piecemeal” solutions available in the market place. It provides security at all stages of a transaction, and monitors not only the transaction but also the user and the device. ReadiONE is a “cross-channel” solution as opposed to a “single” channel solution. ReadiONE simultaneously monitors variety of online channels – namely internet, mobile, ATM, etc. In addition, ReadiONE also provides Employee Fraud Prevention, Financial Crime Surveillance, Right-Time Compliance Management and Business Activity Monitoring for Banking and Brokerage industry.
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ReadiONE consists of:
- ReadiONE Workbench: Metadata based visual modeling system, designed for Business Analysts to model, edit, deploy and manage the incident detection scenarios. Standard scenario library is included in out-of-the-box product, based on the required solution.
- ReadiONE WSS: Business Process Modeling & Mobilization Platform: It includes web services studio, BPEL business process modeling, and mobilization. It is used to quickly create and expose web services, graphically model business processes, and for mobilization.
- ReadiONE CORE: Right-time Surveillance & Analytics platform, includes cross-channel monitoring (web and non-web), risk-based multi-layered security, incident detection, smart scoring, rules, and analytics engines. ReadiONE CORE also supports user, device and incident audit trails.
- ReadiONE Response Management: Role based application system, includes Incident Management, Case Management, and Dashboard.
ReadiONE is the result of over 5 years of R&D. ReadiONE software product suite was initiated as the result of an innovation grant from IDA/EDB, Singapore. ReadiONE is built ground-up using new generation innovative architecture and technologies, namely event-driven architecture, service-oriented architecture, business process architecture, metadata, composite event processing, smart scoring and BPEL. In addition, it uses new generation self-learning risk-scoring and rule engines. Therefore, ReadiONE is easy to configure and quick to implement, is designed to be primarily managed by business analysts as opposed to IT analysts, and has low TCO (total cost of ownership). It is designed not only to meet today’s requirements, but also grow to meet tomorrow’s needs.
ReadiMinds has a proven and acknowledged track record of innovative and new generation solutions for banking and brokerage industry. ReadiMinds distinguishes itself on many counts. Firstly, it’s our focus. We are a specialist transactional security & risk mitigation Software Company. Second, technology innovations and new generation applications have been the key strength of our company. Numerous awards and recognitions are a testimony to this. Winning innovation grant award from IDA/EDB of Singapore; being a pioneer and innovator in SOA technology in 2001 [resulting in one of the first in the world to launch web services suite in 2002]; followed by BPEL in 2002 [resulting in one of the first in the world to launch BPEL system in 2004]; and CEP in 2004, our innovation, leading edge technologies and new generation applications are well recognized globally. It should therefore be no surprise that we are extensively covered in a book titled “Innovative Singapore Companies”, published by IE Singapore. ReadiMinds also received "CRN Test Centre Recommended" rating in 2005. ReadiMinds was also the founder member of OASIS FWSI [2003] and OASIS IHC [2004]. ReadiMinds is Red Herring Asia 100 Finalist for 2007.
In addition to marketing and licensing ReadiONE, ReadiMinds also provides transactional security & risk mitigation advisory services, and selectively licenses its intellectual property for white labeling on OEM basis to strategic partners and clients.
In specific cases, where there is very high degree of synergy with our clients/partners, ReadiMinds also undertakes outsourced R&D in above areas of technology & domain expertise.
ReadiMinds is privately held company founded in June 2000 with its registered headquarters in Singapore and a fully owned subsidiary in Bangalore/India. Our premier global investors are from USA, Singapore, and Hong Kong.
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