TRaiCE

TRaiCE is a company that provides a no-code AI-augmented Business Risk Monitoring System designed to track, analyze, and extract actionable risk intelligence from unstructured data. The system offers automated daily risk monitoring, condensing data into numerical indices that rank businesses by risk. TRaiCE features a Digital Risk Index that summarizes and quantifies digital data, capturing leading indicators of risk and providing intuitive sentiment analysis. Additionally, the Early Warning Index assesses financial and digital data to measure risks holistically and detect future risks. The company also offers Extreme ML for versatile and transparent model deployment and validation without requiring coding knowledge, and Insta Visualizer, which includes instant dashboards, CrossTab, filters, automated anomaly detection, and derived user metrics. TRaiCE partners with ProData Science to provide advanced predictive risk models and insights using machine learning and visualization. The system monitors entire portfolios daily, regardless of size, and helps financial institutions make better lending decisions through continuous monitoring and more accurate default probability and loss severity measurements. TRaiCE also offers stress tests and scenario analysis that meet regulatory requirements and demonstrate a compliance culture. The company launched officially on July 1, 2020, and gained its first customers in the US and India in 2021. It is listed in the Microsoft Azure Marketplace and featured in Microsoft’s #BuildFor2030 campaign. TRaiCE won the ‘Predictive Analytics’ category in the Nasscom NIPP GCC Fintech Challenge in 2021 and the ‘Emerging Technologies’ award at the Qatar Fintech Hub Hackathon in 2020. The company provides customer-centric, easy-to-use solutions that democratize access to data and analytics, as demonstrated in a case study on Pink Energy (a.k.a. Powerhome Solar).