TCS: TCS, Wipro among 5 cos shortlisted for implementation of data analytics projects: Sebi

New Delhi: Sebi has nominated five companies, including Tata Consultancy Services (), for implementing data analysis projects to track market manipulation potential such as insider trading and front running. , Larsen & Toubro Infotech and NEC Corporation India were also finalists.

The Securities and Exchange Commission of India (Sebi) said in a public notice dated August 31 that these five companies were “finally nominated for further processes.”

In June, regulatory agencies invited an EoI from “A Reputable and Reliable Solution Provider for Implementing Data Analysis Projects and Building Data Models in Sebi.”

The move was part of the efforts of capital market regulators to address and address the challenges that arise from technological advances in the market.

While inviting EoI, regulators are leveraging artificial intelligence, machine learning, and deep learning to tackle the critical challenges of data analysis affected by the processing of vast amounts of structured or unstructured data. He said he was considering dealing with it.

As the predecessor of this project, a data lake with an analytics platform was established by market regulators.

Selected institutions are expected to use artificial intelligence and machine learning to build analytical models.

In addition, analytical development is carried out according to regulatory requirements. This includes developing new models, implementing analytical projects, and extending models in terms of adding new data sources to existing models.

In addition, analytical development includes establishing links between different entities in the market, automatically extracting details from documents submitted to Sebi, and forecasting market operations such as insider trading and front running.


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